For Immediate Release
Chicago, IL – September 12, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the AT&T Inc. ( T- Free Report), Verizon Communications Inc. ( VZ- Free Report), Atlantic Tele-Network Inc. ( ATNI- Free Report), Leap Wireless International ( LEAP- Free Report) and DTE Energy Company ( DTE- Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Wednesday’s Analyst Blog:
AT&T Closes Verizon Spectrum Buyout
AT&T Inc. ( T- Free Report) recently announced that it has closed the acquisition of airwaves from Verizon Communications Inc. ( VZ- Free Report) for $1.9 billion. Under this transaction, the company received spectrum in the 700 MHz B band. The purchase will bolster the company’s network capacity in 18 states across the U.S covering a population of 42 million.
Apart from the cash consideration, Verizon received Advanced Wireless Services (:AWS) spectrum licenses from AT&T in areas like Phoenix, AZ.; Los Angeles and Fresno, CA; Albuquerque, NM; and Portland, OR. The deal went through Federal Communications Commission (:FCC) approval last week.
AT&T also plans to acquire spectrum from Atlantic Tele-Network Inc. ( ATNI- Free Report) for $780 million. Further, the company is likely to take over the largest prepaid wireless operator in the U.S. – Leap Wireless International ( LEAP- Free Report) – for $1.2 billion.
This acquisition will also give AT&T control over Leap’s spectrum in the PCS and AWS bands covering 137 million people, thereby enhancing the spectrum base of the former. AT&T plans to use the unutilized spectrum of Leap to expand its 4G LTE deployment, rendering more capacity, better network connectivity and increased mobile Internet usage.
AT&T’s LTE network serves as the benchmark of mobile technology and the life-blood for operators across the world. The company is running ahead of schedule to deploy 4G Long-Term Evolution (:LTE) services. The company currently covers about 225 million users with its services and expects to connect 270 million people by 2013 end.
Given the accelerated rate of investment in network build-out and spectrum acquisition, we believe AT&T is likely to remain successful in its LTE growth goals, leading to higher revenues and improved earnings per share.
Currently, AT&T retains a Zacks Rank #3 (Hold).
DTE Gets Nod to Buy Wind Power
DTE Energy Company ( DTE- Free Report) has received approval from The Michigan Public Service Commission to purchase 20 megawatt ( MW) of wind power from a subsidiary of Heritage Sustainable Energy, a Michigan wind energy producer.
The 20-year contract between DTE Energy and Heritage Sustainable Energy calls for the purchase of all the power produced from Big Turtle Wind Farm LLC. Located in Rubicon Township in Huron County in Michigan's Thumb area, this wind farm is spread over an area of 2,800 acres and is expected to come online in late 2014. The 20 MW of electricity will be enough to power 9,000 homes.
The Big Turtle Wind Farm will have 10 2-MW turbines. This wind farm is unique in the sense that instead of using turbines of established manufacturers, it will employ turbines of a local company, Ventower Industries. In fact, the farm intends to promote new technology advanced by Ventower Industries and other local Michigan suppliers, which would comprise at least 50% of the total content.
By 2015, the company expects to add more than 900 MW, or 10% of its power. This wind power contract comes on the heels of the company’s efforts to meet the state's renewable energy goals. This contract would bring the company’s renewable energy portfolio to 9.8%, thereby implying that the company is just 0.2 percentage points away from its goal of reaching 10.0% by 2015.
In the current climate of promoting green energy, power purchase agreements (PPAs) are an easy way for renewable-energy producers and regulated utilities to fulfill their renewable energy goals.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Get the full Report on T - FREE
Get the full Report on VZ - FREE
Get the full Report on ATNI - FREE
Get the full Report on LEAP - FREE
Get the full Report on DTE - FREE
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.