Nomura Securities on U.S. Telecom: Wireline Preview on FTR, CTL and WIN
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Price: $0.26 --0%
Rating Summary:
6 Buy, 11 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
6 Buy, 11 Hold, 8 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Nomura Securities on U.S. Telecom: Wireline Preview
Analyst, Mike McCormack, comments on three companies include: 1) Frontier (NYSE: FTR): All eyes on operations; Reports 7/31 After Market Close: With integration spending and refinancing risks behind it, 2Q earnings will likely be the first quarter in a while for investors to focus solely on Frontier’s operational performance. 2) CenturyTel (NYSE: CTL): Look for 2H guidance; Reports 8/8 After Market Close: Current 2Q12 and 2012 revenue guidance implies an improving revenue loss run rate exiting 2012. We believe that an increase in cash returned to shareholders is unlikely in 2013, and likely not something that will be discussed during this earnings period. 3) Winstream (NYSE: WIN): Focus on Cash; Reports 8/9 Before Market Open We are growing more concerned with Windstream’s dividend policy and its appropriateness given the changing revenue mix towards higher growth businesses that tend to be capital hungry. We are cautious on the shares given what we see as an aggressive assumption regarding long-term capital intensity."
Nomura Securities has a Buy rating on FTR and CTL, Neutral rating on WIN
Analyst, Mike McCormack, comments on three companies include: 1) Frontier (NYSE: FTR): All eyes on operations; Reports 7/31 After Market Close: With integration spending and refinancing risks behind it, 2Q earnings will likely be the first quarter in a while for investors to focus solely on Frontier’s operational performance. 2) CenturyTel (NYSE: CTL): Look for 2H guidance; Reports 8/8 After Market Close: Current 2Q12 and 2012 revenue guidance implies an improving revenue loss run rate exiting 2012. We believe that an increase in cash returned to shareholders is unlikely in 2013, and likely not something that will be discussed during this earnings period. 3) Winstream (NYSE: WIN): Focus on Cash; Reports 8/9 Before Market Open We are growing more concerned with Windstream’s dividend policy and its appropriateness given the changing revenue mix towards higher growth businesses that tend to be capital hungry. We are cautious on the shares given what we see as an aggressive assumption regarding long-term capital intensity."
Nomura Securities has a Buy rating on FTR and CTL, Neutral rating on WIN
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