|Bid||5.940 x 29200|
|Ask||5.950 x 3100|
|Day's Range||5.93 - 6.08|
|52 Week Range||4.81 - 6.62|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||3.21|
|Earnings Date||Jan 31, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.72|
Nokia’s (NOK) sales have mostly been on a decline in recent years, and the company is banking on the adoption of 5G connectivity to help it return to growth. To ensure that it can maximize its commercial opportunities in the 5G era, Nokia has been working on addressing its funding needs.
Shares of AT&T Inc. are up 2.2% in Tuesday morning trading after Citi analyst Michael Rollins upgraded the stock, citing various positive trends around its wireless business. Rollins said that financials for wireless companies have been improving lately and he expects that the company will be able to take advantage of a "measured promotional environment" in the wireless industry. "The greater migration from prepaid to postpaid within the category has provided breathing room for the competitive landscape to absorb new cable entrants," he wrote. Rollins recently met with AT&T's management and said that the company was "optimistic on the levers it can pull to manage costs and improve free-cash flow." Rollins said that AT&T shares look attractive following a recent underperformance. The stock is down 21% so far this year, while the S&P is little changed. Shares of Verizon Communications Inc. , T-Mobile US Inc. and Sprint Corp. are all in positive territory for the year.
With the U.S. wireless telecom industry continuously evolving, the companies in the league are fighting it out to stay abreast of competition.
Braxton Carter said the company's 2013 MetroPCS acquisition provides a roadmap for the company's planned Sprint takeover.
Zacks.com featured highlights include: Abercrombie & Fitch, Pacira Pharmaceuticals, Penumbra, Sprint and Salesforce.com
BOSTON, Dec. 10, 2018 /PRNewswire/ -- Sprint's (NYSE:S) Next-Gen Network investment is taking hold across Boston and wireless customers are experiencing Sprint's best-ever LTE Advanced network with new independent tests showing Sprint tops the charts with the most improved network and fastest download speeds. In recent testing by RootMetrics®, Sprint is #1 with the fastest download speeds in Boston.1 Indoor and outdoor testing was conducted during peak-usage hours during the day in the busiest areas of Boston.
Apple (AAPL) is not expected to release a 5G-enabled iPhone until at least 2020, but Samsung (SSNLF) and Huawei, Apple’s main competitors in the smartphone market, plan to have 5G phones on the market in 2019. Apple has traditionally not been a first mover on new mobile technologies, which could be why the company isn’t on the 5G train for 2019. Supply chain issues could also be a reason Apple might not bring a 5G iPhone to market before 2020.
Following a string of acquisitions, including the $85.4 billion purchase of Time Warner, AT&T’s (T) total debt has risen, standing at $183.4 billion as of the end of the third quarter. AT&T is focused on reducing this heavy debt load. AT&T is expecting to generate $26 billion in free cash flow in 2019, an amount it will use to meet its day-to-day expenses, pay dividends as usual, and pay down debt worth as much as $12 billion.
The Federal Communications Commission said on Friday it was investigating whether major wireless service providers submitted false information about their coverage areas. Under https://www.fcc.gov/mobility-fund-phase-ii-mf-ii the FCC's Mobility Fund Phase II mapping program, the agency would allocate up to $4.53 billion over the next decade to advance high-speed mobile broadband service in rural areas that would not be served without government support. "A preliminary review of speed test data submitted through the challenge process suggested significant violations of the Commission's rules.
AT&T (T) is on track to launch a new video streaming service in about a year. The service will be based mostly on the WarnerMedia assets AT&T purchased for $85.4 billion in a transaction that closed in June. At a recent analyst briefing, AT&T provided more details about its upcoming streaming service.
Verizon (VZ) expects its 5G Home service to start making a mark on its revenue metric in 2019, the company’s CFO, Matthew Ellis, said recently at an investor event hosted by Morgan Stanley in Barcelona, Spain. According to Verizon’s finance chief, 5G is going to increase the company’s major revenue streams from the current one to three: consumer mobility, residential broadband, and business services. Verizon is particularly excited about 5G enlarging its commercial opportunity in the business services segment.
Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd and ZTE Corp to beef up its defenses against intelligence leaks and cyber attacks, sources told Reuters. Chinese tech companies are under intense scrutiny from Washington and some prominent allies over ties to the Chinese government, driven by concerns they could be used by Beijing for spying. A government ban in Japan will come after Huawei has already been locked out of the U.S. market and after Australia and New Zealand have blocked it from building 5G networks.
Sprint Corp. Chief Strategy Officer Kevin Crull will leave the Overland Park-based company at the end of the year, according to a Thursday filing with the Securities and Exchange Commission. The mutual decision for Crull to leave was made Monday and will take effect Dec. 31, the filing states. Crull also leads Sprint's (NYSE: S) Integration Management Office (IMO) and 5G DEVGRU.
Verizon launched its first commercial 5G service in four cities in October. The company has promised typical 5G download speeds of 300 Mbps and peak speeds of 1 Gbps. Similarly, AT&T announced in October that it’s set to launch its 5G service this year across at least 12 cities.
Verizon (VZ) launched its residential 5G service, known as Verizon 5G Home, in four cities in the United States on October 1. The Verizon 5G Home service has entered its third month in December. Verizon still isn’t disclosing its 5G Home subscription metrics, but the company recently shared details suggesting that the service is off to a great start.
Partnerize, the leading provider of partner marketing software for global brands, today announced that its engagement with Sprint has expanded beyond its initial Boost Mobile assignment to encompass all of the mobile carrier’s affiliate business. Partnerize was selected as the exclusive partner and affiliate program management solution for Sprint’s prepaid brand, Boost Mobile, in March.
Sprint (S) has partnered with electronics manufacturer HTC to make a 5G mobile hotspot. The device is scheduled to arrive in the first half of 2019, when Sprint expects to have launched its mobile 5G network in nine cities in the United States. Verizon (VZ) activated its fixed 5G network in four cities in October, while AT&T (T) is aiming to roll out mobile 5G services in up to a dozen cities by the year’s end.
Thousands of redundant stores could close if regulators approve a merger between T-Mobile and Sprint. T-Mobile is building out a retail real estate team to help make those choices.
Now let’s take a look at Charter Communications’ (CHTR) technical aspects and compare them to its peers in the telecom space. Recently, Charter rose above its 20-day and 100-day moving averages, which indicates a bullish sentiment for its stock. On November 28, Charter stock closed the trading day at $328.68. Based on this figure, the stock was trading 2.7% above its 20-day moving average of $319.99, 3% above its 50-day moving average of $319.16, and 5.8% above its 100-day moving average of $310.70.
NEW YORK, NY / ACCESSWIRE / December 5, 2018 / U.S. equities plunged on Tuesday as skepticism over the U.S. and China’s ability to close a trade agreement weighed on the markets. The Dow Jones Industrial ...
With annual revenue of over $82 billion, SoftBank Group Corp. ( SFTBF) is currently the 85th largest company in the world, by revenue, according to Fortune magazine. In several other countries, the U.K. for instance, SoftBank would be the largest company by far. SoftBank's domestic telecoms unit will launch on Dec. 19 on the Tokyo Stock Exchange with an IPO valued at 2.4 trillion yen (approximately $21.04 billion), one of the largest to date.
According to the data compiled by Reuters as of November 28, 75% of the 28 analysts covering Charter Communications (CHTR) stock gave it a “buy” rating. About 21% have given it a “hold” rating, while the remaining 4% expect Charter stock to fall and have given it a “sell” rating.
Verizon (NYSE:VZ) stock has enjoyed its best performance of this century. As the first-mover in 5G wireless technology, Verizon stock rose during the recent stock correction as its peers saw their equities plummet. Such a move will leave many prospective buyers wondering whether to get into VZ stock.
Charter Communications’ (CHTR) closing price on November 28 was $328.68 per share. Based on that price, Charter has a market capitalization of $75.2 billion. The stock is trading 31.4% above its 52-week low of $250.10 per share and 17.1% below its 52-week high of $396.64 per share.