3 Potential Suitors if Sprint Can't Marry T-Mobile
The pending nuptials between Sprint (NYSE: S) and T-Mobile (NASDAQ: TMUS) are still waiting on regulators to offer their final blessings, and there are no assurances that vows will ultimately be exchanged. Colby Synesael at Cowen put out a cautionary analyst note on Tuesday, suggesting that there's a 60% chance that we won't be hearing wedding bells here.
Synesael has a neutral rating on the stock and a $4 price target. This week's uninspiring third-quarter report isn't going to ease fears that Sprint's going to be in a world of hurt if it has to go it alone as the country's fourth-largest wireless carrier. He sees Sprint downsizing and turning its attention only to its strongest markets if the deal falls through, but what if there are other suitors here? Comcast (NASDAQ: CMCSA), DISH Network (NASDAQ: DISH), and Amazon.com (NASDAQ: AMZN) are some of the names that may find themselves on bended knee later this year if T-Mobile and Sprint fail to say "I do" to the $26.5 billion deal.
Image source: Sprint.
Source Fool.com
