Deutsche Bank Reiterates Hold On Leap Wireless (LEAP)

Deutsche Bank reiterated its Hold rating on Leap Wireless

in a research report published today. In the report, Deutsche Bank states, "Leap Wireless (

) reported 1Q11 results featuring beats to net adds, churn, ARPU and EBITDA margin. The company's 2Q outlook includes sequential expansion in EBITDA margin (due to seasonality and the benefits of improved sub trends) and ARPU growth (due to the benefits of rapid smartphone adoption)... We reiterate HOLD based on execution risks and valuation." Deutsche Bank currently has a price target of $14 on Leap Wireless. In today's trading, Leap Wireless surged by 13.01% and is currently trading at $17.03.