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American Tower Reports Solid Q3 Earnings; Raises Guidance
Monday, November 8, 2010 - 11:30am | 159American Tower (NYSE: AMT) reported better-than-expected Q3 results and increased 2010 guidance mostly driven by nonorganic items. However, organic growth was slightly better than expected. Wells Fargo is increasing its 2010-11E EBITDA to $1.34B and $1.50B, respectively, from $1.30B and $1.42B....
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American Tower Has Increased Outlook For 2010
Monday, November 8, 2010 - 9:31am | 116Collins Stewart has published a research report on American Tower Corporation (NYSE: AMT) following a strong quarter with further international expansion. In the report, Collins Stewart writes "Last Friday, Buy rated American Tower reported stronger than expected 3Q10 results with revenue of $513....
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Goldman Sachs Initiates MICC With Neutral
Monday, November 8, 2010 - 7:37am | 53Analysts at Goldman Sachs initiate coverage of Millicom International Cellular SA (NASDAQ: MICC) with a "neutral" rating. The target price for MICC is set to $120. MICC's shares lost 1.01% to close at $95.99 on Friday. More Analyst Ratings here
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Wells Fargo Securities Upgrades PCS To Outperform
Monday, November 8, 2010 - 7:34am | 44Analysts at Wells Fargo Securities upgrade MetroPCS Communications Inc (NYSE: PCS) from "market perform" to "outperform." PCS' shares gained 3.08% to close at $11.72 on Friday. More Analyst Ratings here
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High Yields South of the Border
Saturday, November 6, 2010 - 4:50pm | 610The drug wars in Mexico make great headlines, such as the news that drug cartel leader Ezequiel "Tony Tormenta" Cardenas was killed by the Mexican marines at the US/Mexico border yesterday. But what isn't being mentioned is that first, the drug violence is confined to only certain areas, and second...
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Stay Away From Clearwire (CLWR)
Friday, November 5, 2010 - 1:28pm | 114Clearwire Corporation (NASDAQ: CLWR) reported horrible earnings and is cutting back on employees to save cash, as it tried to get new financing to keep expanding its network. In addition this, there were several downgrades to the company, as it tries to save up $400 million in new funding. Wells...
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American Tower Tops, Raises Outlook - Analyst Blog
Friday, November 5, 2010 - 12:24pm | 656American Tower Corp. (AMT) today declared its third quarter of 2010 financial results, that outperforms the Zacks Consensus Estimates. On a GAAP basis, third quarter net income was $93.4 million or 23 cents per share compared with a net income of $67.4 million or 17 cents per share in the prior-...
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High Yields North of the Border
Friday, November 5, 2010 - 11:39am | 586Why Canada? The country came through the housing crisis and financial crisis much better than the United States. Canada is filled with natural resources, and with gold and silver making new highs has certainly helped. Our northern neighbor also has a huge petroleum industry, the second largest oil...
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MetroPCS Upgraded to Outperform at Oppenheimer
Friday, November 5, 2010 - 10:45am | 23MetroPCS (NYSE: PCS) is upgraded from Perform to Outperform with a $15 price target at Oppenheimer
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Clearwire Downgraded to Hold at McAdams Wright Ragen
Friday, November 5, 2010 - 10:35am | 21Clearwire (NASDAQ: CLWR) is downgraded from Buy to Hold at McAdams Wright Ragen.
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Kaufman Bros Downgrades Clearwire to Hold
Friday, November 5, 2010 - 10:03am | 27Kaufman Bros downgrades Clearwire (NASDAQ: CLWR) from Buy to Hold. The analysts also lower the price target from $8.50 to $7.
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Deutsche Bank Reiterates Buy Rating And $15 PT On Shares Of MetroPCS
Friday, November 5, 2010 - 8:43am | 99Deutsche Bank is reiterating its Buy rating and $15 price target on MetroPCS (NYSE: PCS) following the company's strong 3Q results. “The highlight was a material beat to net adds, which drove another quarter of share gains within the prepaid voice sector,” Deutsche Bank writes. “We attribute this...
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American Tower Beats Estimates (AMT)
Friday, November 5, 2010 - 7:34am | 258American Tower Corporation (NYSE: AMT) released financial results on Friday morning that beat Wall Street estimates. American Tower Corporation announced that its 3rd quarter net income rose to $93.4 million, or 23 cents per share, up from $67.4 million, or 17 cents per share, a year earlier....
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FiberTower Reports 2010 Third Quarter Results: Loss Per Share of $0.25
Thursday, November 4, 2010 - 5:01pm | 119FiberTower Corporation (Nasdaq: FTWR), a wireless backhaul services provider, reported results for the third quarter and nine months ended September 30, 2010. Highlights for the Quarter * Service revenues net of early termination liability (ETL) grew 19% to $19.3 million in the 2010 third...
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Clearwire Posts Huge EPS Beat; Revs Disappoint (CLWR)
Thursday, November 4, 2010 - 4:20pm | 204Clearwire Corporation (CLWR) reports Q3 earnings of $0.58 versus consensus of $0.61 loss. Clearwire Corporation reports revenues of $147 million versus consensus of $157.94 million. "This quarter we saw continued strong demand for the nation's first 4G mobile broadband service, which drove a record...