In its report, Oppenheimer writes, “LEAP reported stronger than expected 3Q11 customer volumes on lower churn, and smartphone adoption helped by increased promotions. Regardless, the results bode well for the prepaid sector as it enters its seasonally strong 4Q. SBAC's report was slightly below consensus and guidance for 4Q11 and 2011 was mostly in line with the Street. We continue to believe that the tower stocks are among the best positioned in our universe due to strong wireless data demand and pricing power. We have included previews on CMCSA and LVLT."
Companies included in the Oppenheimer report are: Leap Wireless LEAP, Comcast CMCSA, Level 3 Communications LVLT, and SBA Communications SBAC
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