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Piper Jaffray Reiterates Neutral and PT of $15 on MetroPCS Communications
Tuesday, August 2, 2011 - 9:43am | 54Piper Jaffray reiterated its Neutral rating on MetroPCS Communications (NYSE: PCS). At the same time, the rating agency left its price target on the company's stock unchanged at $15. In today's trading, PCS had a disastrous session as its shares lost 25.09% of their value to stand around $12.12.
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Citi Reiterates Buy and PT of $63 on American Tower
Tuesday, August 2, 2011 - 9:36am | 46Citi reiterated its Buy rating on American Tower (NYSE: AMT). At the same time, the rating agency left its price target on the company's stock unchanged at $63. In today's trading, AMT lost 1.39% of its value to stand around $51.77.
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Deutsche Bank Reiterates Buy and PT of $62 on American Tower
Tuesday, August 2, 2011 - 9:34am | 47Deutsche Bank reiterated its Buy rating on American Tower (NYSE: AMT). At the same time, the rating agency left its price target on the company's stock unchanged at $62. In today's trading, AMT lost 1.24% of its value to stand around $51.85.
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Earnings Roundup
Tuesday, August 2, 2011 - 9:30am | 1919Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...
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JP Morgan Comments On MetroPCS Lackluster Quarter
Tuesday, August 2, 2011 - 8:41am | 134JP Morgan has published a research report on MetroPCS (NYSE: PCS) after the company reported a weaker than expected quarter. In the report, JP Morgan writes, "Metro's 2Q11 net adds came at 199k vs. our 225k and consensus 254k (SA) – we believe buy-side expectations were higher. Upgrade rate looks...
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Benzinga's Top Pre-Market Losers
Tuesday, August 2, 2011 - 7:54am | 100MetroPCS Communications Inc (NYSE: PCS) dipped 10.38% to $14.50 in the pre-market session. PCS reported downbeat Q2 profit. Archer-Daniels-Midland Company (NYSE: ADM) lost 6.10% to $28.62 in the pre-market session. ADM reported weaker-than-expected fiscal fourth-quarter profit. Pfizer Inc (NYSE...
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Benzinga's Top Pre-Market Gainers
Tuesday, August 2, 2011 - 7:49am | 108American Tower Corporation (NYSE: AMT) rose 2.88% to $54.01 in the pre-market session. AMT reported a 27.1% rise in its Q2 total revenue. Chesapeake Energy Corporation (NYSE: CHK) added 2.42% to $35.18 in the pre-market session. CHK declared a $0.0875 per share quarterly dividend. Duke Energy...
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Benchmark Reiterates Buy and PT of $50 on SBA Communications
Tuesday, August 2, 2011 - 7:44am | 47Benchmark reiterated its Buy rating on SBA Communications (NASDAQ: SBAC). At the same time, the rating agency left its price target on the company's stock unchanged at $50. On Monday, SBAC added 0.6% to its value to finish the day at $38.40.
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UPDATE: MetroPCS Reports Downbeat Q2 Profit
Tuesday, August 2, 2011 - 6:44am | 73MetroPCS Communications Inc (NYSE: PCS) released its results for the second quarter on Tuesday. MetroPCS Communications reported its quarterly profit at $84 million, or $0.23 per share, up from $80 million, or $0.22 per share, in the year-ago period. However, analysts were expecting a profit of $...
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Stocks to Watch for Tuesday 8/02/2011: Fresh 52-Week Highs and Lows
Tuesday, August 2, 2011 - 4:20am | 3164Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Monday's Mid-Day Options Volume Leaders
Monday, August 1, 2011 - 12:36pm | 78Here are today's mid-day options volume leaders… 1. DaVita Inc. (NYSE: DVA) 3,624 puts, 25 calls 2. Banco Bradesco (NYSE: BBD) 2,945 puts, 95 calls 3. NII Holdings (NASDAQ: NIHD) 3,492 puts, 113 calls 4. Maxim Integrated Products (NASDAQ: MXIM) 4,280 puts, 191 calls 5. Cemex SAB (NYSE: CX) 7,176...
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Puts Purchased on MetroPCS Communications
Monday, August 1, 2011 - 12:30pm | 107Shares of MetroPCS Communications (NYSE: PCS) are lower on the session by 1.04%, currently trading at $16.11. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while...
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Options Brief: China Mobile
Monday, August 1, 2011 - 11:33am | 90Shares of China Mobile (NYSE: CHL) are lower on the session by 0.84%, trading at $49.41. Overall put volume is now running at 2.88x the daily average, with 27% of all puts traded being purchases on the offer. 2,377 contracts have traded on the session so far. China Mobile Limited provides a...
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Bank of America Provides Color on American Tower, Buy
Monday, August 1, 2011 - 8:31am | 160Bank of America provided color on American Tower (NYSE: AMT). In a research report published today, Bank of America commented on the company's Q2 results, which are due to be published on Tuesday, August 2. In the report, Bank of America states, “We expect AMT to update 2011 guidance to reflect...
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Bank of America Provides Color on MetroPCS Communications
Monday, August 1, 2011 - 8:27am | 140Bank of America provided color on MetroPCS Communications (NYSE: PCS). In a research report published today, the rating agency commented on the company's Q2 results, which are due to be published on Tuesday, August 2. In the report, Bank of America states, “The company continues to believe that...