Canaccord Genuity Reiterates Hold on Leap Wireless (LEAP)
A number of other analysts have also recently weighed in on LEAP. Analysts at BMO Capital Markets downgraded shares of Leap Wireless from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. They now have a $7.00 price target on the stock, up previously from $5.00. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Leap Wireless in a research note to investors on Friday, May 25th. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Leap Wireless to $6.00 in a research note to investors on Friday, May 25th.
Leap Wireless traded down 1.58% on Friday, hitting $4.9801. Leap Wireless has a 1-year low of $4.68 and a 1-year high of $17.13. The company’s market cap is $394.4 million.
Leap Wireless last released its earnings data on Wednesday, April 25th. The company reported ($1.28) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.01) by $0.27. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that Leap Wireless will post $-0.72 EPS next quarter.
Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand.