The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.

Carrier

--Barclays Capital lowered its price target on Centennial Communications to $8 from $14 and cut its estimates to 37 cents from 45 cents for the current year and to 58 cents from 62 cents for next year.

--Morgan Stanley upgraded the overall telecom sector to attractive from in-line, saying the industry is poised to outperform the broader marked during the next 12 months.

--Morgan Stanley upgraded Embarq to equal weight from underweight on valuation.

--RBC Capital Markets lowered its rating on AT&T to sector perform from outperform and cut its price target on the company to $32 from $45 on reduced estimates and more conservative valuation parameters. The firm also lowered its EPS estimates on the company to $2.92 from $3.01 for 2008 and to $3.15 from $3.42 for 2009.

--RBC Capital Markets lowered its price target on Sprint Nextel to $7 from $10.

--RBC Capital Markets cut its price target on Verizon Wireless to $31 from $37.

Other

--Barclays Capital cut its price target on Texas Instruments to $21 from $26 and lowered its estimates on the company to $1.71 from $1.80 for this year and to $1.45 from $1.92 for next year. The moves are a result of general economic concerns.

--RBC Capital Markets lowered its price target on Broadcom to $22 from $36 to reflect the economic downturn. Barclays Capital lowered its price target on Broadcom to $22 from $25 and dropped its estimates on the company to $1.63 from $1.66 for the current year and to $1.34 from $1.48 for next year.

--RBC Capital Markets cut its price target on American Tower to $38 from $51. It also lowered its price target on Crown Castle to $26 from $47 and its price target on SBA Communications to $21 from $41.

--RBC Capital Markets lowered its rating on Alvarion to sector perform from outperform and lowered its price target to $6 from $10 on concerns about the tightening credit market causing WiMAX deployments to slow. The firm also cut its 2009 estimates on the company to 20 cents on $316 million in revenues from 45 cents on revenues of $359 million.

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