TSYS To Benefit From Adoption Of Wireless Data Applications
Analyst Paul Coster of JP Morgan initiates coverage of TeleCommunication Systems Inc (NASDAQ: TSYS) with an "overweight" rating. The target price for TSYS is set to $12.
JP Morgan believes that TeleCommunication Systems is well positioned for long term growth, due to the ongoing adoption of wireless data applications and services by consumers and military agencies. “Short term growth should be enhanced by recent acquisitions,” the analyst says.
“We believe TSYS is uniquely positioned as a one stop data solution provider for small to medium sized wireless operators globally, and the NIM acquisition places TSYS in the sweet spot of wireless… With the shift toward services, margins and visibility should improve, buoying the valuation multiple,” the analyst adds.
