|Bid||0.00 x 2000|
|Ask||0.00 x 100|
|Day's Range||65.53 - 68.46|
|52 Week Range||55.09 - 70.94|
|Beta (3Y Monthly)||0.36|
|PE Ratio (TTM)||11.42|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||78.18|
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.
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.
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.
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.
T-Mobile (TMUS) just announced its cutting-edge mobile showroom is in Los Angeles – and you’re invited to experience the future of wireless for yourself! Packed full of demos and interactive displays, the T-Mobile Future of Wireless Truck shows off next-generation tech as it makes its way across the country. The Future of Wireless Truck takes the benefits of 5G and brings them to life with real world demonstrations and hands-on interactive experiences.
Apple (AAPL) is exploring partnering with iHeartMedia, according to the Financial Times. A partnership between the two could involve Apple acquiring a stake in iHeartMedia, buying a piece of the radio group’s business, or teaming up with the radio group on marketing. In the United States, iHeartMedia operates some 850 radio stations, making it the country’s largest radio group.
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.
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.
What’s the news: Today, T-Mobile released a new book by CEO and first-time author John Legere… and in signature Legere style, it’s a complete departure from anything you’d expect out of a typical exec. #SlowCookerSunday – Leadership, Life and Slow Cooking with CEO and Chef, John Legere, features 52 of Legere’s favorite slow-cooker recipes that he has shared with nearly 5 million viewers each week in his wildly successful Facebook Live show.
Comcast (CMCSA) and Charter Communications (CHTR) have diversified into the wireless market, selling mobile services using Verizon’s (VZ) 4G LTE (long-term evolution) network. The arrangement with Verizon restricts Comcast and Charter to selling mobile services in their footprints.
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.
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.
Verizon, AT&T, Sprint have promised 5G devices for the first half of 2019, while T-Mobile says a nationwide network will launch in 2020. Verizon said the same thing on Monday, and T-Mobile and Sprint have promised 5G devices in the future as well. The new 5G networks rolling out in 2019 will offer faster speeds and better connectivity, but most people won't be able to access them since they'll only be available in a small number of markets next year.
Of the 22 Reuters-surveyed analysts covering Sprint (S) stock on November 29, only 14% recommended “buy,” while 63% recommended “hold” and 23% recommended “sell.” Sprint stock has risen ~4.1% in the last 12 months and ~7.3% year-to-date. Based on the stock’s November 29 price of $6.32, analysts’ target price of $5.73 implies they expect the stock to fall ~9.3% over the next 12 months. In comparison, Verizon (VZ) and T-Mobile (TMUS) stock has risen ~19.1% and ~11.1%, respectively, in the last 12 months, while AT&T (T) stock has fallen ~16.2%.
As of November 28, Verizon (VZ) was the largest US telecom company by market capitalization at $248.2 billion, followed by AT&T (T) at $223.7 billion. Meanwhile, Charter Communications (CHTR) had a market capitalization of $75.2 billion, as showcased in the chart below.
Of the 23 Reuters-surveyed analysts covering T-Mobile (TMUS) stock on November 29, 87% recommended “buy,” and 13% recommended “hold.” T-Mobile stock has risen ~11.1% in the last 12 months and ~8.1% year-to-date. Based on the stock’s price of $68.68 on November 29, analysts’ target price of $78.18 implies the stock could rise ~13.8% over the next 12 months.
On Tuesday, the Federal Communications Commission will resume the informal review period for the $26.5 billion merger. The agency paused the clock on Sept. 11.