- TheStreet.com•4 hours ago
Some senators are still concerned the proposed deal between AT&T and Time Warner poses antitrust concerns.
- Barrons.com•5 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.
- American City Business Journals•6 hours ago
AT&T (NYSE: T) and Time Warner, Inc. (TWX) have responded to 13 Senators who question their merger, explaining in detail their stance that the combined company would spur innovation without hurting consumer choice. “This deal will increase competition and accelerate the innovation/investment cycle, all to the benefit of American consumers,” reads the letter, signed by AT&T Executive VP – Federal Relations Tim McKone and Steve Vest, Time Warner’s senior VP of global public policy. Senator Al Franken, among the most vocal skeptics of the deal, posted the letter on his website.
T : Summary for AT&T Inc. - Yahoo Finance
AT&T Inc. (T)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||41.32 - 41.75|
|52 Week Range||36.10 - 43.89|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||19.87|
|Dividend & Yield||1.96 (4.73%)|
|1y Target Est||N/A|