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BTIG Says Would Take 'Much More Than $3/Share for Sprint to Take Control of Clearwire'

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BTIG Research's Walter Piecyk believes "it might take much more than $3 per share for Sprint (NYSE: S) to take control of Clearwire (NASDAQ: CLWR)..." Piecyk said such a move by Sprint would be "well worth the price in order to secure all of Clearwire's spectrum for its own use, keep it out of the hands of competitors and eliminate material roaming expense."

BTIG maintains a Buy rating on Clearwire and a Neutral rating on Sprint.

Latest Ratings for CLWR

DateFirmActionFromTo
Jun 2013Janco PartnersDowngradesBuyMarket Perform
Jun 2013BTIG ResearchDowngradesBuyNeutral
May 2013Raymond JamesUpgradesUnderperformMarket Perform

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