Deutsche Bank is out with its report today on Leap Wireless LEAP, reiterating Hold.
In a note to clients, Deutsche Bank writes, "On 1/4, LEAP pre-announced 4Q10 net adds of +115k (+162k voice, -48k b'band). While this represents an improvement following 2 quarters of sub losses, LEAP is still only generating ~1/2 the voice net adds of peer MetroPCS despite similar POP coverage. So, we will be looking for color as to whether trends have continued to improved into 1Q as well as the impact of smartphone uptake on ARPU and CPGA. While certain operating trends have gained momentum, we reiterate HOLD based on the risks of LEAP's national strategy."
Deutsche Bank has a $14 PT on LEAP.
At the time of posting, shares of LEAP were trading at $13.29, down 4.53% from Friday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Analyst ColorPrice TargetAnalyst RatingsDeutsche BankLeap WirelessTelecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in