Sprint/T-Mobile Merger Should Be Positive for Amdocs (DOX) - Oppenheimer

Oppenheimer reiterated an Outperform rating and $77 price target on Amdocs Ltd. (NASDAQ: DOX), saying the Sprint/T-Mobile merger could be a positive for the company,

Analyst Shaul Eyal commented, "Although network consolidation typically creates a risk for telecom software vendors, it often creates opportunities. And in this case, both TMUS and S are DOX customers. In our view, if history is any guide, the potential consolidation/integration of media and telecom networks presents a significant opportunity for a vendor such as DOX. It was the prime consolidator following other large transactions including the mega-combination of AT&T/SBC/BellSouth as well as the Sprint/Nextel transaction last decade. The Telefonica-O2 merger in Europe (earlier this decade) represents the international scope of DOX's integration projects, suggesting it is not focused strictly on the North American markets."

For an analyst ratings summary and ratings history on Amdocs Ltd. click here. For more ratings news on Amdocs Ltd. click here.

Shares of Amdocs Ltd. closed at $67.38 yesterday.

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