Anterix Shares Rise Following B. Riley Analyst Upgrade and Spectrum Valuation Optimism
Anterix (ATEX) shares rose 8% on Thursday following a positive analyst note from B. Riley, which upgraded the company's price target from $86 to $103. The upgrade comes shortly after Anterix released its September-quarter earnings report and reflects growing optimism regarding the value of the company's scarce 900 MHz wireless spectrum assets. While Anterix currently generates minimal revenue, analysts suggest that competition for low-band spectrum from global satellite operators could drive significant asset pricing. Although management is presently focused on leasing its spectrum and building services around it rather than an outright sale, the company remains a potential target for bidders seeking nationwide low-band assets.
Topics: Stock Upgrade Telecom Wireless Spectrum
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