|Day's Range||8.50 - 8.50|
Exploring AT&T's Latest: Capex, Buybacks, Valuation, and More(Continued from Prior Part)AT&T’s video customer lossesIn the first quarter, AT&T (T) lost net 544,000 traditional US pay-TV customers compared to 187,000 net losses in the
NEW YORK, NY / ACCESSWIRE / May 22, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment.
NEW YORK, NY / ACCESSWIRE / May 22, 2019 / Zhang Investor Law announces the filing of a class action lawsuit on behalf of AT&T Inc. (NYSE: T) shareholders who: (a) acquired AT&T common stock pursuant or ...
Exploring AT&T's Latest: Capex, Buybacks, Valuation, and More(Continued from Prior Part)AT&T’s capex spendingAT&T (T) has been investing big in capex to improve its network. Its management expects gross capex of ~$23 billion in 2019
Two years after breaking ground on a $95 million Science and Engineering Building, the University of Texas at San Antonio has made significant progress on its largest construction project ever. The crane used to build the shell of the more than 160,000-square-foot structure is gone. The walls are up, and by the time UTSA students arrive for the fall semester, some of the glass and brick on the building’s façade will be installed. UTSA officials said the progress symbolizes the university’s growth and what the project will bring for how the institution and its students conduct research.
Exploring AT&T's Latest: Capex, Buybacks, Valuation, and MoreAT&T’s debt levelsAt the end of March 31, AT&T’s (T) long-term debt was $163.9 billion, while its short-term debt was $11.5 billion. AT&T had total debt of $175.5
NEW YORK, NY / ACCESSWIRE / May 22, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have ...
NEW YORK, May 22, 2019 -- Pawar Law Group announces that a class action lawsuit has been filed on behalf of AT&T Inc. (NYSE: T) shareholders who: (a) acquired AT&T.
NEW YORK, May 22, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..
When I worked at Sony (NYSE:SNE), a colleague who came over from Nokia (NYSE:NOK) shared a running joke at his former employer: Sony who? I declined to ask the obvious question, but it appears that karma never forgets or forgives. Just look at the chart for NOK stock to understand what I'm talking about.Source: Shutterstock After falling to dramatic lows in 2016, the telecom-equipment maker provided a compelling opportunity to extreme contrarians. Generally speaking, they made the right move. But now, the Nokia stock price has given up more than 13% since January's opening price. Moreover, analysts are questioning whether the company can truly complete its promised turnaround.Of course, that turnaround comes in the form of the global 5G-network rollout. Although Nokia's smartphone brand -- now "relegated" to a licensing business -- is pretty much irrelevant, management transitioned to network services. The idea here is that as a well-recognized international firm, Nokia has an advantage against competitors, thereby boosting NOK stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Chinese Stocks That Could Pop On a Trade Deal Unfortunately, that narrative lost credibility simply because NOK failed to deliver substantive results. That may have changed, though, with recent news that Ooredoo Qatar inked a deal with the Finish telecom to built out its 5G network. Considering that the Nokia stock price is again rock-bottom levels, this may represent another profitable contrarian opportunity.I'm going to be blunt: I don't like NOK stock as a long-term play. But if you're angling for a quick buck (and you understand the risks), this is a reasonable trade. Technically, the embattled telecom firm's shares have historically bounced back from spike lows. Moreover, you have fundamental justification in the Ooredoo deal.But don't overexpose yourself to Nokia stock, and here's why: Turnaround Story for NOK Stock Faces Giant HurdlesEvery organization at one point comes to a critical pivot. It's in the struggle that we determine who will make it and who won't. But as NOK stock is concerned, the underlying company has multiple and perhaps insurmountable challenges.First, let's talk about their front-face smartphone brand. NOK is now in the licensing game, and smartphones represent a very small portion of their total revenue. Still, they make royalties off Nokia-branded products. And let's face it: management is in no position to turn down any amount of sales.The problem here is that along with the rest of Nokia's businesses, the device segment is declining. Looking at their latest smartphones, all I can think was "oh dear." They're bland and unimaginative. At a time when Apple (NASDAQ:AAPL) is incurring questions about their hardware, this is the time to strike. Unfortunately, it's a missed opportunity for Nokia stock.But the overriding challenge comes from the networks side. It's 89% of Nokia's sales, so it's do or die. The good news, as we saw with the Ooredoo deal, is that 5G is a technology of tomorrow. However, as our own Dana Blankenhorn explained, competition is fierce.NOK stock jumped on 5G's groundbreaking potential. But that same bullish narrative applies to other companies that don't share Nokia's problems.Also, the all-important numbers don't provide any confidence toward the turnaround story. In the first quarter of 2019, Nokia generated only $5.72 billion in top-line sales. That's a 5.6% drop year-over-year. Not only that, it's almost dead-even with Q1 2017's sales haul. Essentially, this means that NOK has gone nowhere since becoming a "new" company. * 5 Great Tech ETFs That Aren't the XLK Since there's nothing particularly distinctive about the company's approach to 5G, I'm not ready to risk jumping on Nokia stock. Dividend Is Nice, But Not Attractive EnoughThat said, NOK stock isn't without its strong points. The one standout for the telecom is its lofty dividend rate. At 4.5%, it will draw some eyeballs.I'm not against taking risky bets based partially on their dividend payout. After all, I own some shares of AT&T (NYSE:T). For me, though, the difference comes down to credibility. I believe in AT&T's longer-term vision, and it has the necessary large-scale support to meet it. With Nokia stock, I mostly see a commoditized organization with shaky fundamentals.But as I said earlier, NOK can make some moves from here. If it does, just take your profits and run. After years of turnaround efforts, it's still not getting the job done.As of this writing, Josh Enomoto is long Sony and AT&T shares. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Nokia Stock Is a Short-Term Trade And Thatas About It appeared first on InvestorPlace.
NEW YORK, NY / ACCESSWIRE / May 22, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.
AT&T has assembled a sort of S.W.A.T. team to tackle some of its most pressing endeavors. The Dallas-based company has deployed what it calls a “Flex Force” packed with savvy individuals to handle technology challenges across its businesses, according to an AT&T spokesperson. It’s “a ‘flexible workforce’ comprised of highly-skilled employees who work on some of AT&T’s most strategic initiatives,” the spokesperson said.
The Zacks Analyst Blog Highlights: Verizon Communications, AT&T, American Tower, Crown Castle International and SBA Communications
NEW YORK, May 22, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of First Choice Healthcare.
Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world's largest retailer aims to rev up its website and stores as a platform for other companies to reach customers. The event marks Walmart's first effort to grow its nascent advertising business and heralds the retailer's rising challenge to online ad leaders Alphabet Inc's Google, Facebook Inc and Amazon.com Inc. The event, called "5260," is named after a Walmart store near the retailer's hometown of Bentonville, Arkansas, which is known for being a test lab for retail innovation, Walmart told Reuters.
CEDARHURST, NY / ACCESSWIRE / May 21, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
LOS ANGELES, CA / ACCESSWIRE / May 17, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against AT&T Inc. ("AT&T" or "the Company") (NYSE: T) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who acquired the Company's shares pursuant to its Registration Statement issued in connection with AT&T's acquisition of Time Warner in June 2018, or purchased the Company's shares between October 22, 2016 and October 24, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before May 31, 2019.
Telecommunications companies are looking to build out ultra-fast 5G wireless networks in Elk Grove, Davis and Rancho Cordova.
There's no big bang coming for investors from 5G wireless services, one Wall Street analyst says. A big run for 5G stocks isn't clear because there's no killer app for network buildouts.
Until FCC chair Ajit Pai spoke on May 20, Sprint (NYSE:S) stock had been stuck at $6 for over a year. That's because in April, 2018, T-Mobile (NASDAQ:TMUS) offered $6.62 per share to buy it. The all-stock deal was struck with T-Mobile at $64.52 per share. At the May 17 opening price of $75.38 for TMUS, the buyout is now worth $7.73 per share.Source: Shutterstock But none of that matters if the deal isn't done. Sprint was practically begging regulators to sign off on it in its latest quarterly report. On May 21 there are conflicting reports about the Department of Justice's attitude, some saying it's a yes, others a no.Pai's signal that he would support the merger S stock up more than 20% as trading opened yesterday, and it kept most of those gains, closing at $7.34. But T-Mobile also rose, so Sprint's value on May 21 is over $8 if the buyout goes through.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sprint Without T-MobileSprint lost 189,000 postpaid subscribers during its most recent quarter, along with $2.17 billion, 53 cents per share. It's the kind of news most companies bury in a press release. Sprint highlighted it. * 7 Battery Stocks for High-Powered Gains Without T-Mobile, Sprint still generated $10.4 billion in operating cash flow during fiscal 2019, ending the year with over $7 billion in cash. Sprint also reduced its debt by $2 billion during the year, to $35.36 billion, against assets of $84.1 billion.The problem is that Sprint must invest heavily to justify its spectrum investment and prepare for 5G. The company spent nearly $5 billion on the network during the year, up from $3.3 billion, so total free cash flow for the year was negative $914 million.InvestorPlace's Chris Lau notes that this means the company's plan for installing smaller cells on phone poles instead of leased towers continues. Some 30,000 have been deployed so far, meaning 80% of its precious 2.5 MHz spectrum is now sectorized in this way.But most analysts are taking the company line that Sprint's prospects are grim unless the deal gets done. Comcast (NASDAQ:CMCSA), which has been selling WiFi-based mobile under its Xfinity brand, could step in, but probably at a lower price than T-Mobile is paying.Sprint made other mistakes during the last decade, going with WiMAX technology instead of LTE for 4G service, writing off $30 billion in shutting the old Nextel network, and sitting out the 600 MHz auction in 2016, leaving it without low-band spectrum.If the deal is cancelled, some see the stock going to $3. T-Mobile Without SprintWithout Sprint, T-Mobile still looks healthy. Its own quarterly report showed net additions of 1.7 million and net income of $908 million, $1.06 per share, on revenues of $11.08 billion. T-Mobile also cut its long-term debts during the year, from $12.1 to $10.95 billion, and reported positive free cash flow of $618 million.But many of T-Mobile's expansion plans have been frozen in place by the merger, whose deadline was extended again at the end of April. The Justice Department said only "the investigation continues" and merger opponents said the companies haven't shown it to be in the public interest.Odds that the deal goes through are now little more than 50-50 even though T-Mobile is already handing out big chunks of stock to executives in anticipation. Who Else?My guess is that, after a few drinks, you'll find AT&T (NYSE:T) and Verizon Communications (NYSE:VZ) lobbyists chortling over this. The failure of this merger to launch would leave them each holding one-third of the U.S. wireless market, a dominant position against two much-smaller rivals.On the other hand, if the deal is rejected a larger company, like Alphabet (NASDAQ:GOOGL) or Amazon (NASDAQ:AMZN), could decide Sprint is cheap at $12 billion, its market cap at $3 per share. That would make the phone giants choke on those chortles. Despite their size and financial strength compared with Sprint and T-Mobile, the phone giants are tiny next to the likes of FANG. * 7 Stocks to Buy for Over 20% Upside Potential But you can't invest in fantasy. I will stay away from Sprint until there's more clarity. The best news is clarity should come soon.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post The Sprint Stock Rally Means Nothing With No T-Mobile Merger appeared first on InvestorPlace.
Moody's Investors Service (Moody's) today assigned a Baa1 rating to Grupo Televisa, S.A.B.'s (Televisa) new USD500 million senior unsecured notes due 2049, issued under its US Shelf program. The notes offered will rank equally in right of payment with all of Televisa's other unsecured and unsubordinated debt obligations. The ratings also reflect Televisa's high leverage (that is, gross Moody's-adjusted debt/EBITDA) for the rating category, the challenges in its advertising businesses, high competitive and regulatory pressures, and high capital intensity.
AT&T (NYSE:T) stock has struggled over the past several years as the telecommunications giant has been weighed down by a plethora of headwinds, including cord-cutting, wireless price competition, stagnating streaming growth, and a rising debt load.Source: Shutterstock T stock peaked near $45 in mid-2016. Ever since, AT&T stock has been down and out. Today, the shares trade hands at prices that are more than 25% below those peak 2016 levels. * 7 Stocks to Buy for Over 20% Upside Potential But T stock scored a huge win recently. The proposed merger between wireless peers T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) looks like it will receive regulatory approval after FCC Chairman Ajit Pai told Bloomberg that, in light of their recent concessions, he is going to recommend that his colleagues approve the merger.That's a big win for T stock. Wireless price competition has been a huge headwind for AT&T stock, especially wireless price competition from T-Mobile and Sprint. Both of those companies have compensated for often worse coverage than AT&T and Verizon (NYSE:VZ) with aggressive price cutting. Now, those two aggressive price cutters are combining. That means the wireless telecom industry will have one less overly aggressive price cutter, indicating that price competition across the whole industry will decline.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs a result, the margins and stability of AT&T's core wireless business will improve. That's a big deal for T stock because the company's mobility business generated about 40% of its revenues last year. As the revenue and margin trends of that huge business rebound over the next several quarters, T stock should rally from today's depressed base. AT&T's Mobility Trends Should ImproveAT&T has always been a really large company with a lot of moving parts. After its recent acquisition of Time Warner, its business got even bigger, with even more moving parts. Among the company's businesses are wireline. entertainment. HBO, the Turner stations., Warner Bros studio and its international assets.But its most important holding is still its mobility business, which generates about $70 billion of revenue and about $30 billion of EBITDA each year. Mobility represents roughly 40% of AT&T's revenues and over 50% of its EBITDA. Thus, integral to the success of AT&T stock is the success of AT&T's mobility business.The mobility business has done just fine over the past several years, adding several thousand wireless subscribers each year and gradually expanding its EBITDA margins from the mid-30's earlier this decade to the lower-40's last year.But this business has been held back by stiff competition. Specifically, the price discounts of T-Mobile and Sprint have become tremendously aggressive over the past few years, inevitably creating somewhat of a drag on AT&T's subscriber growth and margins. That's because some of AT&T's customers are fleeing to Sprint and T-Mobile, while AT&T has tried to stymie that trend by cutting its prices.That era is officially over. T-Mobile and Sprint will likely become one combined company in the near future, meaning that there will be one less overly aggressive price cutter in the market. Thus, going forward, AT&T's mobility trends should improve. In other words, the business' EBITDA margins should move materially higher, driven by less steep discounting.As those margins improve, AT&T stock price should rally. AT&T Stock Is Too Cheap to IgnoreIn a nutshell, T stock is simply too cheap to ignore, and any and all operational improvements at these valuation levels should spark a sizable rally in AT&T stock price.Here are the valuation metrics of AT&T stock: * Forward price-earnings multiple of nine, miles below the market's average forward multiple of 16 and the stock's five-year average forward multiple of 12. * Dividend yield of 6.3%, miles above the market yield of roughly 2% and the stock's five-year average yield of 5.4%. * Trailing price-cash flow multiple below five, also well below the market's average cash flow multiple of 13 and the stock's five year average cash flow multiple of nearly 6.AT&T stock price is dirt cheap, with a single-digit forward earnings multiple, a 6% yield, and a cash flow yield above 20%. This stock is too cheap to ignore any operational improvements, especially any improvements by the all important mobility business. Thus, if AT&T's mobility business materially improves over the next few quarters, T stock should subsequently rise. The Bottom Line on T StockThe fundamentals underlying AT&T have been challenged by non-cyclical headwinds for the past several years, and as a result, T stock now trades at dirt-cheap valuation levels. Indeed, AT&T stock price is so cheap that any and all operational improvements by AT&T should spark a meaningful rally by T stock.Over the next few quarters and years, AT&T's most important business - its mobility unit - could substantially improve. As it does, T stock should rise. The increases of AT&T stock price, on top of a 6%-plus yield, should make the returns of T stock attractive over the course of the next few quarters.As of this writing, Luke Lango was long T, TMUS, and S. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Why the Outlook of AT&T Stock Just Became Brighter appeared first on InvestorPlace.
The competition is no longer mainly with old-school cable packages; rather, it’s with other streaming apps. Already, growth has slowed or turned negative for products like AT&T’s DirecTV Now and Dish Network Corp.’s Sling TV. Take DirecTV Now.