According to Deutsche Bank, Sprint Nextel S Buy rating is maintained.
Deutsche Bank said that its $6 PT is based 50/50 on 2012E EV/EBITDA ($5: 5.3x) and DCF ($7: 12% WACC, 2% TGR). “Risks include price competition, inability to sustain improving post paid trends, margin pressures and poor performance and/or funding gaps at Clearwire.”
Sprint Nextel closed yesterday at $3.74.
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Posted In: Analyst ColorAnalyst RatingsDeutsche BankTelecommunication ServicesWireless Telecommunication Services
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