For Immediate Release
Chicago, IL – September 24, 2012 – 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 Vodafone Group PLC (VOD), Verizon Communication Inc. (VZ), AT&T (T), Sprint Nextel Corp. (S) and Leap Wireless International Inc. (LEAP).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday’s Analyst Blog:
T-Mobile Appoints New CEO
T-Mobile USA – the fourth largest telecom carrier in the U.S. – recently appointed John Legere as Chief Executive Officer (CEO), effective this month.
John Legere will succeed the interim CEO Jim Alling, who will return back to his existing role of Chief Operating Officer (COO).
T-Mobile’s quest for CEO began from June onwards when the former CEO Philipp Humm resigned and became the CEO of Vodafone Group PLC's (VOD) Northern and Central European division.
John Legere is a former CEO of Global Crossing – a worldwide Internet services provider and has worked for 32 years in the telecommunications and technology sectors. 54-year old Legere had an excellent track record of converting Global Crossing into world's first integrated global IP-based network service provider.
At present, T-Mobile is facing huge pressure from its top three rivals, Verizon Communication Inc. (VZ), AT&T (T) and Sprint Nextel Corp. (S) as the company lacks sufficient spectrum depth to fully deploy 4G LTE technology across its footprints. Moreover, lack of cash coupled with no iPhones in its smartphone portfolio has severely affected its subscriber growth.
Following T-Mobile’s failure to be acquired by AT&T, the company was forced to invest nearly $4 billion in a bid to upgrade its network (nearly 37,000 cell sites), which will aid T-Mobile USA to combat the prevailing stiff competition in the telecom sector.
Change in management, coupled with huge investment in its LTE technology will act as tailwinds for T-Mobile going forward. Moreover, swapping of spectrum with Verizon and spectrum sharing arrangement with Leap Wireless International Inc. (LEAP) will continue to expand the network capability of T-Mobile USA going forward.
We maintain our long-term Neutral recommendation for AT&T Inc., Verizon Communication Inc. and Sprint Nextel. Currently, these stocks have a Zacks #3 Rank, which holds a short-term Hold rating.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which 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 at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com
- Sprint Nextel