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Current Multiple Discount Of Insight Communications Could Begin To Narrow - Friedman, Billing, Ramsey Comments

(RealTimeTraders.com) - Friday, Friedman, Billing, Ramsey initiated coverage of Insight Communications, Inc. (ICCI) shares with a Market Perform rating and a price target of $10.

While believing that current multiple discount could begin to narrow with an aggressive stance toward new services, analyst Alan Bezoza is cautiously optimistic regarding the company's ability to defend its core video business against DBS providers in the near term. However, the brokerage believes this aggressiveness supports its long-term growth strategy.

Currently, the stock is trading $0.54 up at $10.13.

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