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J.P. Morgan Reiterates Overweight Rating on TeleCommunication Systems

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In a report published Monday, J.P. Morgan & Co. reiterated its Overweight rating on TeleCommunication Systems (NASDAQ: TSYS).

J.P. Morgan noted, “We are adjusting estimates, raising 4Q EBITDA and EPS slightly owing to potential for expense containment relative to our expectations, and we have made CY13 revenue and earnings more back-end loaded to reflect the potential for delays in DoD funding. Risk-reward remains favorable, in the context of potential flow of high-margin settlements or royalties originating in the firm's IP licensing initiatives. Maintain Overweight.”

TeleCommunication Systems closed on Friday at $2.36.

Latest Ratings for TSYS

DateFirmActionFromTo
Sep 2014Ladenburg ThalmannInitiates Coverage onBuy
Jul 2013Noble FinancialDowngradesBuyHold
Aug 2012JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for TSYS
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Reiteration Analyst Ratings

 

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