Deutsche Bank gives Sprint buy rating, cites success of EVO 4G

htc-evo-4g

Right before Q2 earning go live, Deutsche Bank has knighted Sprint with the coveted “buy” rating. DB noted that they “expect Sprint’s 2Q results to highlight continued improvements in its post paid ops,” which prompted Deutsche Bank to reduced their estimate for post-paid net losses from 500,000 to 400,000 for the quarter. The firms analysts credit strong sales of the HTC EVO 4G — the first 3G/4G hybrid smartphone — for Sprint’s lower churn rate (2.05%) and 42% year-over-year growth in post-paid customer additions (gross). Sprint is scheduled to announce earnings for Q2 2010 on Wednesday July 28th.

Read

blog comments powered by Disqus