Canaccord Genuity Starts Leap Wireless (LEAP) at Hold; Volatility of Results and Some Lack of Execution
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Price: $10.02 --0%
Rating Summary:
3 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity initiates coverage on Leap Wireless (NASDAQ: LEAP) with a Hold. PT $12.00.
Analyst, Greg Miller, said, "With a continued out of core market expansion, the differential in subscriber growth and margin degradation will likely continue to worsen. We recently cut our estimates and now believe Leap will burn cash in 2013 rather than produce it. We do not believe LEAP will combine with another wireless entity in a way that will meaningfully improve shareholder value."
For an analyst ratings summary and ratings history on Leap Wireless click here. For more ratings news on Leap Wireless click here.
Shares of Leap Wireless closed at $9.95 yesterday.
Analyst, Greg Miller, said, "With a continued out of core market expansion, the differential in subscriber growth and margin degradation will likely continue to worsen. We recently cut our estimates and now believe Leap will burn cash in 2013 rather than produce it. We do not believe LEAP will combine with another wireless entity in a way that will meaningfully improve shareholder value."
For an analyst ratings summary and ratings history on Leap Wireless click here. For more ratings news on Leap Wireless click here.
Shares of Leap Wireless closed at $9.95 yesterday.
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