Canaccord Genuity Maintains a 'Hold' on Leap Wireless (LEAP); Impossible to Handicap Risk/Reward From Addition of iPhone
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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 of $7.00.
Analyst, Greg Miller, said, "Yesterday it was announced that Leap will become the fourth carrier to offer the iPhone with a well-below-market average subsidy. We believe investors will soon see if US consumers are willing to pay the point-of-sale premium (100%) to achieve the recurring expense savings versus the larger carriers. We believe it is virtually impossible to suggest the risk/ reward favors the stock with this agreement with Apple (Nasdaq: AAPL), of which few details are known. Priced at 3.9x est. 2013 EBITDA, the stock remains among the ranks of similarly priced companies whose future is in doubt."
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 $5.77 yesterday.
Analyst, Greg Miller, said, "Yesterday it was announced that Leap will become the fourth carrier to offer the iPhone with a well-below-market average subsidy. We believe investors will soon see if US consumers are willing to pay the point-of-sale premium (100%) to achieve the recurring expense savings versus the larger carriers. We believe it is virtually impossible to suggest the risk/ reward favors the stock with this agreement with Apple (Nasdaq: AAPL), of which few details are known. Priced at 3.9x est. 2013 EBITDA, the stock remains among the ranks of similarly priced companies whose future is in doubt."
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 $5.77 yesterday.
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