|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||30.01 - 30.88|
|52 Week Range||28.85 - 39.33|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||5.85|
|Earnings Date||Jan 30, 2019|
|Forward Dividend & Yield||2.00 (6.55%)|
|1y Target Est||34.42|
No company wants their proposed deal to become a political football in the 2020 presidential campaign. Plus, it will take some time for capital markets to digest megadeals like AT&T-Time Warner and Disney Fox. A possible recession is another wild card.
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.
Although 5G has launched in a handful of markets, 2019 will become the year when it begins to operate on a large-scale basis. Hardware manufacturers have released chips for phones and other devices that can support 5G, and help 5G stocks. Since 5G will likely bring new applications not yet imagined, we cannot know the full extent of the changes it will deliver.
AT&T’s top executive showed confidence after the company and the U.S. Department of Justice made oral arguments in court concerning the Time Warner case.
Warning! GuruFocus has detected 4 Warning Signs with T. Click here to check it out. AT&T (NYSE:T), on the other hand, currently has a very juicy dividend yield of 6.4%. Unlike GE, AT&T has kept the same CEO since 2007, has steadily increased its dividend per share throughout the years, and has just received approval for its mammoth acquisition of Time Warner for $85 billion.
Although Sprint (S) has remained the fourth-largest US wireless service provider based on customer count, its cost-cutting initiatives and shift from a traditional subsidy model have paid off. In the first six months of fiscal 2018 (ending March 2019), the company realized ~$200 million in net reductions YoY (year-over-year) in costs of services and selling, general, and administrative expenses.
Sprint (S) has the highest postpaid phone churn rate in the US wireless space. In the second quarter of fiscal 2018 (ended in September), Sprint’s postpaid phone churn rate rose year-over-year to 1.73% from 1.59%.
Verizon (VZ) recently introduced a service called MyNumbers, which allows its wireless customers to work with up to five phone numbers on a single handset, making it easy for people to have separate numbers for personal, business, and other uses without having to carry around multiple phones. Although MyNumbers mostly sees Verizon catching up to the competition because T-Mobile (TMUS) and AT&T (T) have already launched their variants of the service, it could help Verizon boost its customer retention. Under Verizon’s MyNumbers service, each added line is charged at $15 per month, which looks cheaper than buying a separate device for each use even for those customers who upgrade their handsets regularly.
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.
Qualcomm President Cristiano Amon discusses the company's 5G plans and relationship with Apple.
Donald Trump will nominate William Barr to become his second attorney-general, picking a mainstream establishment Republican to head the justice department as it braces for Robert Mueller’s report into Russia’s ties to the Trump campaign. The selection of Mr Barr, who held the post under then-President George HW Bush, appeared aimed at blunting critics who have accused Mr Trump of attempting to smother Mr Mueller’s investigation by putting loyalists in positions to oversee his efforts.
WASHINGTON—A federal appeals court voiced skepticism Thursday of the Justice Department’s bid to roll back AT&T Inc.’s acquisition of Time Warner. During an oral argument that spanned nearly two hours, all three judges on a panel of the U.S. Court of Appeals for the District of Columbia Circuit asked tough questions of the DOJ, which argues the more than $80 billion deal will harm competition in the pay-TV industry. The judges repeatedly noted that the court could rule for the government only if the trial judge made obvious and serious errors in siding with AT&T.
Warning! GuruFocus has detected 4 Warning Signs with T. Click here to check it out. From the end of 2011 through today, the share price of AT&T has basically "gone nowhere." If you were to look at a stock chart, you would see a share price of $30.24 to end 2011.
In June, AT&T won a long-fought trial over the acquisition, a deal valued at $102 billion including debt (lots of it). The Justice Department appealed the decision despite strong urging by the trial judge, U.S. District Judge Richard Leon, not to do so. It’s been said that the Justice Department couldn’t have asked for a better panel, given that the judges are appointees of Presidents Obama, Clinton and Reagan.
AT&T and the DOJ received questions from the judges, though the DOJ got more direct queries, including how the lower court may have erred.
Movies about race, politics and music dominated nominations for the Golden Globe awards on Thursday, setting the stage for a lively Hollywood awards season leading up to the Oscars in February. Dark comedy "Vice," a scathing look at the rise to power of former U.S. Vice President Dick Cheney, led all comers with six nods. It was followed by the Lady Gaga musical remake of "A Star is Born," British historical comedy "The Favourite" and road trip movie through 1960s segregated America "Green Book" with five nods apiece.
One part movies; one part original programming; one part bundle. WarnerMedia's recipe to take on Netflix is starting to come together. The AT&T-owned media company revealed more details about its upcoming on-demand subscription video service that will compete with streaming giants like Netflix and Amazon, during a meeting with analysts on Nov. 29. The company…
A three-judge appeals court panel on Thursday questioned the U.S. Justice Department's challenge to a lower court approval's of AT&T Inc's (T.N) $85.4 billion acquisition of Time Warner. "You have to show that there's a harm to competition," Judge David Sentelle said at another point. Much of the argument at the U.S. Court of Appeals for the District of Columbia delved into whether a lower court judge, U.S. District Judge Richard Leon, properly treated economic models of the merger's impact on future prices for pay-TV customers.
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.