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First Albany Reiterates Buy on LCC International


First Albany raised its target for LCC International (LCCI) from $6 to $8 and reiterates its buy rating.

Analyst Frank Marsala says the buy rating reflects his belief that LCC International's business pipeline is robust. He notes Cingular yesterday provided post-acquisition update to investors and thinks that LCC International could benefit from a number of coverage, integration, and expansion moves planned by Cingular in 2005.

Marsala continues to believe LCC International could participate in similar initiatives being undertaken by other carriers too. He says Cingular plans to improve its quality and coverage, and will combine networks to achieve synergies. It will move its network to a UMTS 3G platform.

He maintains 9 cents 2004 earnings per share and 18 cents 2005 estimates.


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