BTIG Starts MetroPCS (PCS) at Buy
Tweet
Share
E-mailGet Alerts PCS Hot Sheet
Price: $49.82 -0.04%
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
BTIG initiates coverage on MetroPCS (NYSE: PCS) with a Buy. PT $12.00.
BTIG analyst says, "MetroPCS’ strong balance sheet positions it well for several upcoming strategic options and spectrum acquisition opportunities while Leap’s (Nasdaq: LEAP) highly levered balance sheet, less attractive markets and underachieving management team could result in it becoming the odd man out with no partner and limited spectrum. We do not believe that MetroPCS will buy Leap because of the high debt leverage at Leap and MetroPCS’ higher priority need to acquire additional spectrum in its existing markets. We expect MetroPCS to generate $0.75 of EPS and positive free cash flow, while we expect Leap to continue to generate losses and burn cash which will expand its already high net debt leverage of 4.5x, squeezing out equity value over time."
For more ratings news on MetroPCS click here and for the rating history of MetroPCS click here.
Shares of MetroPCS closed at $8.71 yesterday.
BTIG analyst says, "MetroPCS’ strong balance sheet positions it well for several upcoming strategic options and spectrum acquisition opportunities while Leap’s (Nasdaq: LEAP) highly levered balance sheet, less attractive markets and underachieving management team could result in it becoming the odd man out with no partner and limited spectrum. We do not believe that MetroPCS will buy Leap because of the high debt leverage at Leap and MetroPCS’ higher priority need to acquire additional spectrum in its existing markets. We expect MetroPCS to generate $0.75 of EPS and positive free cash flow, while we expect Leap to continue to generate losses and burn cash which will expand its already high net debt leverage of 4.5x, squeezing out equity value over time."
For more ratings news on MetroPCS click here and for the rating history of MetroPCS click here.
Shares of MetroPCS closed at $8.71 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Starts Aditya Birla Real Estate (ABREL:IN) at Buy
- Investec Double Upgrades Alkem Laboratories Ltd (ALKEM:IN) to Buy
- RBC Capital Starts Krystal Biotech (KRYS) at Outperform
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
