|Bid||66.750 x 900|
|Ask||66.760 x 1300|
|Day's Range||66.06 - 66.97|
|52 Week Range||55.09 - 70.94|
|Beta (3Y Monthly)||0.36|
|PE Ratio (TTM)||11.62|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.23|
It's ironic, but amid all the market volatility investors are experiencing at the tail end of 2018, a typically volatile stock is looking like a high-probability trade. Sprint has had an interesting 2018. While the broad market indices continue to swing back and forth, Sprint has actually enjoyed a pretty clearly defined uptrend for most of the year.
AT&T’s (T) closing price on December 7 was $30.14. It’s going through what’s probably its toughest phase since the 2008 financial crisis, and it’s down 22.5% year-to-date as its Wireless segment faces growth challenges and it grapples with its multibillion-dollar acquisition’s struggle to take off. The stock is trading 4.5% above its 52-week low of $28.85 and 23.4% below its 52-week high of $39.33.
Nokia (NOK) recently announced a corporate structure reorganization that saw it create a new division to house its mobile and fixed networks businesses. While Nokia immediately named company veteran Tommi Uitto to oversee the mobile networks business, it said its head of the fixed networks business would be named in due course. Leaving this post unfilled for now could show Nokia is taking its time to appoint the best leader for the business, and it could also suggest that the company is placing a lot of importance on the fixed networks business.
How Are AT&T’s Performance and Valuation ahead of 2019? According to the data compiled by Reuters as of December 7, of the 32 analysts who follow AT&T (T) stock, 44% have given it “buys,” 50% have given it “holds,” and 6% have given it “sells.” Their 12-month median target price for AT&T is $34.50, implying a potential 14.5% upside to its market price of $30.14. Of the 30 analysts who follow Verizon (VZ), 43% have given it “buys,” while 57% have given it “holds.” No analysts have given it “sells.” On average, analysts have a median price target of $58.50 on the stock.
Nokia (NOK) has been expanding and enhancing its product portfolio to get ready for the 5G era, which in part explains why the company has been investing a big chunk of its revenue on research and development (or R&D) initiatives. It spent 20% of its revenue on R&D projects in the third quarter, more than Ericsson’s (ERIC) allocation of 17% of revenue to R&D in the same period.
Recently, AT&T (T) stock fell below its short-term (20-day) moving average, suggesting a bearish sentiment in the company. On December 7, AT&T stock closed the trading day at $30.14. Based on this figure, the stock was trading 1% below its 20-day moving average of $30.44, 4.1% below its 50-day moving average of $31.44, and 5.6% below its 100-day moving average of $31.94.
On December 4, Qualcomm (QCOM) launched a mobile phone processor called “Snapdragon 855” at its Snapdragon Technology Summit in Hawaii. The new generation of mobile chips will power the 5G phones in the United States by next year. The new Snapdragon 855 chip will act as a modem for smartphones to connect to 5G wireless data networks.
How Are AT&T’s Performance and Valuation ahead of 2019? As of September 30, AT&T’s (T) total debt was $183.4 billion compared to $164.3 billion at the end of December 31, 2017. The telecommunications company’s debt level increased significantly mainly due to its acquisition of Time Warner in mid-June.
AT&T (T) has been investing heavily in capex to improve its network. The telecommunications company spent $5.9 billion on capex in the third quarter compared to $5.3 billion in the third quarter of 2017. For 2018, AT&T expects net capex of $22 billion.
About three years ago, Alphabet’s (GOOGL) Google subsidiary launched a mobile service business under the Project Fi brand. The business has been one of Google’s quietest—it has not been mentioned at Alphabet’s earnings conferences in the last year. It recently took on a new name, Google Fi, dropping “Project.” The business has also expanded to support more devices.
Last month, AT&T (T) released some initial guidance numbers for 2019. The company expects its adjusted EPS to rise in the low single digits in 2019. It expects to generate $26 billion in free cash flow next year. AT&T’s management has stated that the company’s discretionary cash flow after dividends will be used to pay down its huge debt balance.
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.
Alphabet's (GOOGL) Google division plans to accelerate the closure of its social network Google+ ahead of schedule, owing to another security flaw.
Let’s now compare Sprint’s (S) technicals with those of telecom peers. Recently, Sprint stock fell below its short-term (20-day) moving average, a bearish sign. On December 4, Sprint stock closed at $6.16, 0.8% below its 20-day moving average of $6.21, 1.6% below its 50-day moving average of $6.26, and 0.7% above its 100-day moving average of $6.12. In comparison, Verizon (VZ) and T-Mobile (TMUS) were trading 5.6% and 0.3% above their 100-day moving averages, respectively, while AT&T (T) was trading 3.8% below its average. Relative strength index
With the U.S. wireless telecom industry continuously evolving, the companies in the league are fighting it out to stay abreast of competition.
Of the 22 Reuters-surveyed analysts tracking Sprint (S) stock on December 4, 14 (~63%) recommended “hold,” five recommended “sell,” and three recommended “buy.” Their median target price of $6 for the stock implies a 2.6% downside over the next 12 months from its current price of $6.16.
Braxton Carter said the company's 2013 MetroPCS acquisition provides a roadmap for the company's planned Sprint takeover.
The United States and Australia have banned Huawei products from being used to build their 5G networks. According to a recent report by the Wall Street Journal, the United States has even gone the extra mile to ask friendly countries to shun Huawei products in their 5G network buildout. Huawei is a fierce rival of Ericsson (ERIC) in the telecom equipment vendor market.
As of December 4, Sprint’s (S) market capitalization was $25.1 billion, making it the fourth-largest US mobile carrier. In comparison, T-Mobile’s (TMUS) market capitalization was $56.5 billion, Verizon’s (VZ) was $240 billion, and AT&T’s (T) was $223.7 billion.
Sprint (S) closed at $6.16 on December 4. Based on that closing price, Sprint had a market capitalization of $25.1 billion, the lowest among major US mobile carriers. The stock was trading 28.1% above its 52-week low of $4.81 and 6.9% below its 52-week high of $6.62.
As the primary wireless provider for the U.S. Department of Veterans Affairs (VA), T-Mobile is deploying 70,000 lines of wireless service to the nation’s largest integrated health care system, making health care providers accessible from virtually anywhere. What’s the news: T-Mobile is providing 70,000 lines of wireless service to the U.S. Department of Veterans Affairs (VA) to help make telehealth services more accessible to veterans. Why it matters: Many veterans drive 25-50 miles for health care visits.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Sprint (S) has been continuously spending to enhance its network. In the second quarter of fiscal 2018 (ended in September), Sprint’s cash capital expenditure (excluding leased devices) rose YoY (year-over-year) to $1.3 billion from $0.7 billion, mainly driven by higher spending on Next-Gen Network initiatives.