TMCnet News
Lowest Forward P/E Ratio in the Alternative Carriers Industry Detected in Shares of Iridiummmunications (IRDM, VG, PGI, TWTC, LVLT)Jan 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Alternative Carriers industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Iridiummmunications ranks lowest with a a forward P/E ratio of 7.98. Following is Vonage with a a forward P/E ratio of 9.42. Premiere Global Services ranks third lowest with a a forward P/E ratio of 10.94. tw telecom follows with a a forward P/E ratio of 38.63, and Level 3 Communications rounds out the bottom five with a a forward P/E ratio of 59.08. SmarTrend recommended that subscribers consider buying shares of Level 3 Communications on December 12th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $20.81. Since that recommendation, shares of Level 3 Communications have risen 17.6%. We continue to monitor Level 3 Communications for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |