- Barrons.com•3 hours ago
Shares of Verizon Communications (VZ) today closed up 24 cents, or half a percent, at $49.43, after Craig Moffett of the eponymous Moffett Nathanson boutique brokerage raised his rating on the stock to Buy from Neutral, with a $54 price target, writing that the “pendulum has swung too far,” in the 10% drop in the shares this year. Verizon stock, in fact, is as cheap a deal now as it’s been in fifteen years, writes Moffett. Moffett notes that whereas wireless used to be a business that was something of a sure bet for investors, in general, the appetite for wireless, as he puts it, “has soured." And Verizon shares have born the brunt of it, underperforming AT&T (T) stock by 900 basis points, he notes.
- Forbes•6 hours ago
There has been increasing speculation regarding a merger between Sprint and T-Mobile since the U.S. Presidential election, given the possibility of a more conducive regulatory environment for telecom mergers under a Republican establishment.
- American City Business Journals•8 hours ago
The continuing saga of the Raiders and their push to move out of Oakland to Las Vegas added some new twists this week. A group leading the charge to keep the team local says its financial backer has been acquired by Japanese billionaire Masayoshi Son's tech conglomerate SoftBank for $3.3 billion. "Fortress Investment Group, the outfit offering to bankroll the Ronnie Lott group’s bid to keep the Raiders in Oakland, is being bought out by Japanese-based SoftBank for $3.3 billion," the San Francisco Chronicle reports.
SFTBY : Summary for SOFTBANK CP UNSP ADR - Yahoo Finance
SoftBank Group Corp. (SFTBY)
Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
|Day's Range||38.39 - 38.87|
|52 Week Range||22.71 - 39.50|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||11.00|
|Dividend & Yield||0.19 (0.49%)|
|1y Target Est||N/A|