Net Servicios De Comunicacao Regains Growth Traction

Net Servicios De Comunicacaon NETC delivered 2Q results in line with the above-norm forecasts made by Wunderlich. Net sales grew by 19%, and NETC has now launched DOCSIS 3.0 cable modem service with speeds up to 100 mbps in its Brazilian market along with triple play packages, and increased HD service to customers, taking the lead over Sky Brasil, according to Wunderlich. Wunderlich maintains its "hold" rating and leaves the price target at $11.00. Net Servicios De Comunicacao closed yesterday at 10.78.