The Zacks Analyst Blog Highlights: AT&T, Research in Motion, Telefonica Brasil, TELUS and SLM
For Immediate Release
Chicago, IL – June 17, 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 AT&T, Inc. (T-Free Report), Research in Motion (BBRY-Free Report), Telefonica Brasil, S.A. (VIV-Free Report), TELUS Corporation (TU-Free Report) and SLM Corporation (SLM-Free Report).
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Here are highlights from Friday’s Analyst Blog:
AT&T to Bring Galaxy S4 to Market
Catching up with the latest smartphone trend, AT&T, Inc. (T-Free Report) will be launching the latest Samsung premium smartphone – Galaxy S4 – in Jun 21. The handset will be available for $199.99 on a two-year contract. We believe the latest addition of premium handsets will drive customer additions and upgrades leading to revenue accretion for the company.
The company boasts the best Internet speeds in the industry as it is the only U.S. carrier that provides 4G networks through both Long Term Evolution (:LTE)and High-Speed Packet Access Plus (HSPA+) technologies. AT&T’s LTE networks serve asthe benchmark of mobile technology and the life-blood for operators across the world. The LTE expansion of the company is also supported through Project Velocity. Under this project, AT&T will invest $14 billion in the coming three years to considerably expand the wireless (investment of $8 billion) and wireline (investment of $6 billion) Internet Protocol (IP) broadband networks.
The company targets to extend the wireline IP network to nearly 57 million customer locations (including both customers and small businesses) – covering 75% of AT&T’s wireline service area – by the end of 2015. This project underlines the company’s efforts to meet the growing demand for high-speed Internet. We believe that this investment program will provide AT&T with a high-potential growth platform, leading to higher revenues and improved earnings per share over the near term.
AT&T, currently has Zacks Rank #3 (Hold).
Other Stocks
Telefonica Brasil, S.A. (VIV-Free Report) and TELUS Corporation (TU-Free Report) with Zacks Rank #2 (Buy) are two stocks we find worth considering in the telecom sector.
Sallie Mae Sheds Student Loan Stake
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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