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According to J.P. Morgan, Clearwire
CLWR expectations on 1Q11 are updated.
J.P. Morgan reported that it is updating estimates for Clearwire given indications for a stronger 4G mix at Sprint this quarter, but reductions in wholesale ARPU offset the benefit. “We also expect an agreement soon between Sprint and Clearwire on the wholesale rate and rules. We have a Neutral rating and $6 year-end price target.”
Clearwire closed yesterday at $5.85.
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Posted In: Analyst ColorAnalyst RatingsClearwireJ.P. MorganTelecommunication ServicesWireless Telecommunication Services
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