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Enter Symbol:
Leap Wireless International, Inc. (LEAP) [hlAlert]

down 5.36 %

Leap Wireless International, Inc. (LEAP) rated Underperform by Raymond James

Posted on: Friday,  Aug 9, 2013  8:25 AM ET by Raymond James

Raymond James rated Underperform Leap Wireless International, Inc. (NASDAQ: LEAP) on 08/09/2013, when the stock price was $16.58.
Since then, Leap Wireless International, Inc. has gained 5.67% as of 03/13/2014's recent price of $17.52.
If you would have followed this Raymond James's recommendation on LEAP, you would have lost 5.36% of your investment in 216 days.

Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless service in the United States under the Cricket brand. Cricket service is offered by Cricket, a wholly owned subsidiary of Leap, and is also offered in Oregon by LCW Wireless Operations, LLC (LCW Operations), and in the upper Midwest by Denali Spectrum Operations, LLC (Denali Operations). Cricket owns an indirect 73.3% non-controlling interest in LCW Operations through a 73.3% non-controlling interest in LCW Wireless, LLC (LCW Wireless), and owns an indirect 82.5% non-controlling interest in Denali Operations through an 82.5% non-controlling interest in Denali Spectrum, LLC (Denali). At December 31, 2008, Cricket service was offered in 30 states and had approximately 3.8 million customers. In April 2008, the Company completed the purchase of Hargray Communications Group?s wireless subsidiary, Hargray Wireless, LLC (Hargray Wireless).

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2013 8:25 AM Sell
as of 12/13/2013
1 Week down  -0.35 %
1 Month down  -6.06 %
3 Months down  -9.86 %
1 YTD down  -3.43 %

(*) Stock Price at the time of the recommendation.
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