Piper Jaffray Upgrades Leap Wireless to Neutral (LEAP)

By admin | 6 years ago

Leap Wireless (NASDAQ: LEAP) was upgraded by investment analysts at Piper Jaffray (NYSE: PJC) from an “underweight” rating to a “neutral” rating in a note issued to investors on Monday.

Shares of Leap Wireless traded down 0.39% during mid-day trading on Monday, hitting $5.1099. Leap Wireless has a 52 week low of $5.50 and a 52 week high of $17.66. The company’s market cap is $404.7 million.

Leap Wireless last announced its earnings results on Wednesday, April 25th. The company reported ($1.28) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.01) by $0.27. Leap Wireless’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Leap Wireless will post $-0.71 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital (NYSE: RY) downgraded shares of Leap Wireless from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, May 1st. They now have a $6.00 price target on the stock, down previously from $11.00. Separately, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Leap Wireless from $13.00 to $8.00 in a research note to investors on Friday, April 27th. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Leap Wireless in a research note to investors on Thursday, April 26th.

Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand.

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