|Bid||29.720 x 3200|
|Ask||29.730 x 1000|
|Day's Range||29.65 - 30.19|
|52 Week Range||28.85 - 39.33|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||5.76|
|Earnings Date||Jan 30, 2019|
|Forward Dividend & Yield||2.00 (6.55%)|
|1y Target Est||34.40|
Google (GOOGL) has signed on Walt Disney (DIS) as an ad-technology customer in a multiyear deal, with Disney set to use Google’s Ad Manager platform to manage and deliver digital ads across its various platforms. Details of the deal, such as exactly how long it is expected to last and what Disney has agreed to pay for using Google’s ad technology, have not been disclosed. However, the deal is a huge win for Google in the race for ad-tech revenue.
Verizon’s (VZ) closing price on December 10 was $58.27. Based on that price, Verizon has a market cap of $240.8 billion—the highest among all major US mobile operators. The stock is trading 26.4% above its 52-week low of $46.09 per share and 5.4% below its 52-week high of $61.58 per share.
DALLAS, Dec. 13, 2018 /PRNewswire/ -- As AT&T* drives the future of 5G closer, we're working with Cradlepoint to help first responders and businesses prepare for this coming shift. Starting today, Cradlepoint's latest in-office and rugged in-vehicle 5G Evolution routers are available only on the FirstNet communications platform and AT&T network.1 The devices provide first responders and businesses with the fastest speeds possible today2 while also giving them a path to easily upgrade to 5G in the future.
According to Wall Street analysts’ consensus, Verizon stock has a median target price of $59.00. Of the 31 analysts who follow AT&T (T), 45% have given it “buys,” 48% have given it “holds,” and 7% have given it “sells.” On average, analysts have a median price target of $34.00 on the stock. Of the 23 analysts who follow T-Mobile (TMUS), 87% have given it “buys” while 13% have given it “holds.” No analysts have given it “sells.” On average, analysts have a median price target of $79.00 on the stock.
On December 3, JPMorgan Chase upgraded AT&T (T) stock from a “neutral” to an “overweight” with a 12-month price target of $38. This price target represents a potential upside of ~26.1% from its December 7 closing price of $30.14.
The U.S. lawmakers are reportedly advancing a bill to ban the sale of components by local companies to Chinese telecom firms that violate sanctions.
Verizon (VZ) stock has seen a decent run-up in 2018—the stock has increased 8%. Although 8% looks like a small number, it’s a decent number in a matured sector like the US Telecom industry. In comparison, AT&T (T) stock has declined 20%. AT&T has been struggling in the past few years. AT&T has been making efforts to absorb two major acquisitions—DirecTV and Time Warner. AT&T spent $67 billion to acquire DirecTV and $85 billion to acquire Time Warner.
Recently, Verizon (VZ) fell below its short-term (20-day) moving average, indicating a bearish sentiment in its stock. On December 10, Verizon stock closed the trading day at $58.27. Based on this figure, the stock was trading 1.4% below its 20-day moving average of $59.09, 2.4% above its 50-day moving average of $56.93, and 5.7% above its 100-day moving average of $55.13.
AT&T (T) stock has fallen significantly year-to-date. This trend has made the stock cheaper. As of December 7, AT&T has a forward PE ratio of 8.6x in 2018, and its expected PE ratio for 2019 is 8.4x. The forward PE ratios of Verizon (VZ), T-Mobile (TMUS), and Sprint (S) are 12.4x, 19.8x, and 92.1x, respectively, in their current years. On the basis of this multiple, AT&T stock is trading at a discount to its rivals.
Who would have thought the AOL I knew and loved in the 90s, for its cheery “You've Got Mail” message and the unlimited coasters it provided with its CD installation discs, would be better known over the next two decades for two huge writedowns? The AOL-Time Warner merger in 2000 was followed by an incredible goodwill write-off of nearly $99bn in 2002, a result of the dotcom bust. by the phone company that never endangered Verizon’s dividend or credit rating.
For a couple of days, it seemed that the sitcom would be taken down from the streaming service come January — a prospect that dismayed fans. , which now owns the rights to Friends via its purchase of Time Warner, assured investors last Tuesday that the show would stay on Netflix for another year. It is the first of dozens of such decisions that traditional media companies will have to make in the coming months.
Hulu, the on-demand streaming service owned by Disney, Comcast, and AT&T, faces an uncertain future as majority owner Disney plots a new on-demand service
Bob Goodlatte, outgoing chair of the House of Representatives Judiciary Committee, pressed the Justice Department's Makan Delrahim on Wednesday to support legislation that would make it easier for the U.S. government to sue to stop OPEC members from pushing up oil prices. "The fact that OPEC is not being held accountable for its anticompetitive behavior makes a mockery of U.S. antitrust law," said Goodlatte, who asked Delrahim if the administration would support the bill, called the No Oil Producing and Exporting Cartels Act of 2018.
Verizon Communications (VZ), the largest wireless carrier in the United States, has been spending heavily on capex to enhance its network. The telecommunications company has spent $12 billion on capex in the first nine months of 2018 compared to $11.3 billion in the first nine months of 2017. For 2018, Verizon is now expecting to spend between $16.6 billion and $17 billion on capex, including the commercial launch of 5G technology, which is down from the initial guidance range of $17 billion–$17.8 billion.
AT&T Inc. unveiled 12 new metropolitan areas for its fiber service part of a push that should help the next-generation of wireless networks, as well. While residents of those areas may welcome the new service, it also serves to help AT&T’s push into 5G, new tech that promises speeds and responsiveness that will shake up the industry. AT&T, along with its rivals, are investing in the next generation of networks in the hopes of retaining and wooing new customers.
Verizon’s (VZ) Oath media unit posted a revenue fall of ~6.9% YoY (year-over-year) to $1.8 billion in the quarter that ended on September 30, which represents ~5.5% of Verizon’s consolidated third-quarter revenue. At the same time, Oath dropped its target to generate $10 billion in annual revenue by 2020, as the unit is struggling with weakness in its search and desktop products, which account for most of its revenue. Oath consists of Yahoo and AOL assets, which Verizon acquired for a total of ~$9 billion.
Last week, JPMorgan Chase downgraded Verizon (VZ) stock from an “overweight” to a “neutral” with a 12-month price target of $62. This price target represents a potential upside of ~6.4% from its December 10 closing price of $58.27.
Verizon Communications Inc. (NYSE: VZ ) has gained 11 percent in 2018 and outperformed the S&P 500 index by 12.6 percent and rival AT&T Inc. (NYSE: T ) by 35 percent, according to Morgan Stanley. The Analyst ...
Dish Network (DISH) has seen falling fortunes this year, with its stock down 35% year-to-date. The reason why is simple: it’s continuing to lose satellite TV customers at a rapid rate. Dish is now betting big on the next generation of wireless technology, 5G.
Morgan Stanley downgraded Verizon VZ shares to equal weight on a valuation call on Wednesday. This comes a day after Citigroup analysts upgraded AT&T T to a buy. The stock market has picked a different winner this year.
Musical drama remake "A Star is Born" led a wide range of contenders for the Screen Actors Guild Awards on Wednesday, landing four nominations, including best movie ensemble. "A Star is Born," released by AT&T Inc's Warner Bros, features Bradley Cooper and Lady Gaga in a classic story about a young woman trying to make it in the music business.
After it was unveiled in April 2017 and met with confusion and mockery, Verizon Communications Inc. said calling its new advertising subsidiary Oath was meant to reflect a feel-good commitment, or some such. Now, Verizon seems to want out of that commitment. Verizon spent about $9.5 billion to assemble Oath through the acquisitions of AOL and Yahoo during the last few years, replacing two well-known brands with the meaningless moniker and putting former AOL chief Tim Armstrong in charge of the new division.