Canaccord Genuity Maintains a 'Hold' on Leap Wireless (LEAP); Looks Cheap, With Good Reason
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Price: $10.02 --0%
Rating Summary:
3 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Leap Wireless (NASDAQ: LEAP) price target lowered from $12 to $9.
Analyst, Greg Miller, said, "With mounting competitive pressure from larger competitors looking to the lower end of the market for growth, to growth from lower-ARPU government-subsidized programs, to the company’s expansion out of its core region using Sprint’s (NYSE: S) network as a platform, we find it increasingly difficult to recommend Leap’s stock for purchase. With results that were again largely below expectations in a traditionally strong quarter, we believe LEAP will continue to underperform the market."
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 $7.71 yesterday.
Analyst, Greg Miller, said, "With mounting competitive pressure from larger competitors looking to the lower end of the market for growth, to growth from lower-ARPU government-subsidized programs, to the company’s expansion out of its core region using Sprint’s (NYSE: S) network as a platform, we find it increasingly difficult to recommend Leap’s stock for purchase. With results that were again largely below expectations in a traditionally strong quarter, we believe LEAP will continue to underperform the market."
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 $7.71 yesterday.
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