|Bid||5.64 x 40400|
|Ask||5.65 x 41500|
|Day's Range||5.60 - 5.74|
|52 Week Range||5.42 - 9.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Previously in this series, we learned about AT&T’s (T) anticipated prepaid customer net additions in 4Q17. In this part, we’ll take a look at AT&T’s churn rate in its combined domestic wireless operations. Wall Street analysts expect AT&T’s postpaid phone churn rate to increase significantly due to growing competition in the postpaid space bringing strong promotional offers from competitors.
Previously, we discussed expectations for AT&T’s (T) postpaid phone customer additions in 4Q17. Wall Street analysts expect AT&T to see 400,000 prepaid customer net additions in 4Q17 due to intense competition in the prepaid market. In 3Q17, AT&T gained a total of 324,000 prepaid subscribers, compared with 304,000 in 3Q16, with strength coming from the Cricket and AT&T Prepaid brands.
In the previous article, we discussed the expectations for Verizon’s (VZ) postpaid phone customer net additions in 4Q17. Let’s take a look at the kind of prepaid customer net additions that we could expect from Verizon. Wall Street analysts expect 100,000 prepaid customer net additions from Verizon in 4Q17, which is due to the increasingly intense competition in the prepaid market.
As Verizon (VZ) discusses the commercial deployment of its 5G wireless broadband service to residential customers in select US (SPY) cities starting in 2H18, it is important to examine how this move might impact its short-term spending and profitability. Verizon said it was eyeing up to five markets in the US, including Sacramento, California’s, for the commercial launch of its high-speed wireless Internet to household customers. According to Verizon’s estimates, about 30 million households across the US are ready for 5G wireless Internet speed.
Telecom carriers’ expected performances in 2018 are reflected in Wall Street analysts’ ratings or recommendations. Verizon Communications (VZ) was assigned a target price of $51.73, which implies a potential return of -2% from its closing price of $52.60 as of January 4, 2018.
Soon after the US (SPY) Congress passed legislation to make the biggest change to the US tax code since the 1980s, AT&T (T) celebrated the development by announcing that it would boost its investments in the US by $1.0 billion in 2018. In boosting its investment budget and rewarding employees with a bonus in the wake of the most comprehensive US tax reform in decades, AT&T appeared to show that it was expecting to be more prosperous in an environment of lower corporate taxes. The new tax law set the corporate tax rate at 21%, down from the existing tax rate of 35%.