Sprint Nextel Corporation (S) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sprint Nextel Corporation (S)

S 14.82

+2.1%

11:03 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slacker711 who wrote (346)	10/17/2000 10:50:31 AM
From: Cooters	Read Replies (1) of 1691

RESEARCH ALERT - Sprint PCS raised to outperform --From AOL.-- Cooters NEW YORK, oct 17 (Reuters) - ABN AMRO analyst Kevin Roe said on Tuesday he upgraded Sprint PCS Group <PCS.N>, the wireless telephone arm of Sprint Corp. <FON.N>, to outperform from hold and set a $50 year-end price target. Roe said he raised the EBITDA (earnings before interest, taxes, depreciation and amortization) outlook for 2001 to $1.8 billion from $1.5 billion. Roe said he was "pleased" with Sprint PCS' third-quarter EBTIDA and average revenues monthly revenues per user. Sprint PCS' operating cash flow was $122 million in the third quarter, while average revenue per user was $59 a month. Roe said he was "pleased" by Sprint PCS' bullish subscriber growth guidance for next year. Sprint PCS told analysts that it expects 2001 subscriber growth for the industry to be similar to 2000 levels, but did not provide additional details. Shares of Sprint PCS rose 9/16 to $32-5/16 on the New York Stock Exchange. 10:18 10-17-00

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next