For Immediate Release
Chicago, IL – August 6, 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 AT&T Inc. (T), Nextwave Wireless Inc. (WAVE), Verizon Communications Inc. (VZ), Apple Inc. (AAPL) and Google Inc. (GOOG).
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:
AT&T to Buy Nextwave
AT&T Inc. (T) will acquire Nextwave Wireless Inc. (WAVE), which holds unused Wireless Communications Service (:WCS) spectrums to be used for broadband deployment. The company will pay $600 million in cash; the greater part of which will go towards paying off Nextwave’s debt.
The purchase of spectrum will boost AT&T’s capacity and provide services at a much higher speed, thereby driving data revenues and boosting its competitive position against its major rival Verizon Communications Inc. (VZ). The growing popularity of Apple Inc.’s (AAPL) iPhone and Google Inc.’s (GOOG) Android-based smartphones, as well as online mobile video streaming, cloud computing and video conferencing services, is driving mobile data traffic by leaps and bounds.
Despite the significant investments made by AT&T in network upgrade and efficiency, data demand will likely outstrip supply in the short term, causing dropped connections, rising prices and lousy services.
The deal, pending approvals from various U.S. regulatory bodies, is expected to close by the end of the year. AT&T faced a bitter experience in acquiring spectrums last year after it failed to acquire T-Mobile USA. The company’s hope of becoming the largest U.S. wireless carrier was shattered when the deal was unsuccessful.
We are currently maintaining our long-term Neutral recommendation on AT&T. The stock retains a Zacks #3 (Hold) Rank for the short term (1–3 months).
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: https://twitter.com/zacksresearch
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