TeleCorp Up On Rating Hike by Chase H&Q and Deutsche Banc Alex. Brown - TheStreet

Personal wireless company

TeleCorp

(TLCP)

was up 75 cents, or 4.53%, at $17.31 in late morning trading after both

Deutsche Banc Alex. Brown

and

Chase H&Q

raised their ratings to strong buy from buy, with a six-month price target of $50 and $40 respectively.

Chase H&Q cited the firm's strong penetration into the wireless market and said TeleCorp's currently low share price was attributed to weakness in the sector. TeleCorp is an affiliate of

AT&T Wireless

(AWE)

.