Friday December 21, 03:30 PM
Knology upgraded to "outperform"
NEW YORK, December 21 (newratings.com) - Analysts at Morgan Keegan upgrade Knology Inc (ticker: KNOL) from "market perform" to "outperform," while reducing their estimates for the company.
In a research note published this morning, the analysts
mention that the upgrade in rating is based on valuation, following a substantial decline in the company's share price. Knology (KNOL - news) 's growth is unlikely to be adversely affected by intensifying triple play competition from telco companies in the forthcoming years, the analysts say. The EPS estimates for FY08 and FY09 have been reduced from -$1.11 to -$1.19 from $0.33 to -$0.59, respectively, to reflect the Graceba acquisition.
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