|Bid||0.00 x 1800|
|Ask||60.38 x 1800|
|Day's Range||58.91 - 60.39|
|52 Week Range||45.50 - 60.39|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||7.70|
|Forward Dividend & Yield||2.41 (4.12%)|
|1y Target Est||N/A|
RCS support has been slow to roll out, but another major US carrier will soon jump on board. Verizon announced at an event that the company would support the messaging system in "early 2019," joining Sprint, US Cellular and the limited support currently offered by T-Mobile. While Verizon wouldn't confirm to The Verge that it planned to support Universal Profile 1.0, GSMA told the publication that Verizon's RCS would, and if it does, that will be a significant step towards making RCS the SMS replacement it promises to be.
Tech stocks have been volatile lately, but there are a number of new secular trends which investors are looking to remain exposed to in the long-term, including the Internet of Things. Check out these three stocks which have been flagged by the Zacks Rank that could be poised for further IoT growth soon!
The key market indexes ended mixed after sharply paring early losses in the stock market today. The Nasdaq gave up small gains to finish in the red.
A wreck in semiconductor stocks sent the Nasdaq composite down nearly 1% at midday Friday, as the main indexes pared losses, but the rebound faded.
Verizon (VZ) widens its lead over rivals in the race to 5G service and is expected to be the first to offer a 5G upgrade-able smartphone on its network in 2019.
T-Mobile Chief Financial Officer J. Braxton Carter expressed confidence amid the regulatory review process for the company's deal with Sprint, signaling a shakeup for AT&T.
Let’s take a look at Verizon’s (VZ) prepaid subscriber net additions trend. The telecom company has been losing prepaid customers over the past few quarters. In the third quarter, Verizon lost 96,000 prepaid subscribers compared to 139,000 net additions in the year-ago quarter. The management reaffirmed its commitment to the prepaid space during the third-quarter earnings conference call.
Verizon (VZ) remains committed to paying higher dividends. The telecom company has declared a quarterly dividend of $0.60 per share in the third quarter, up ~2.1% YoY. Verizon has paid total dividends of $2.4 billion in the third quarter. The quarterly dividend was equivalent to an annualized dividend of $2.41 per share and a dividend yield of ~4.1% as of November 14. In comparison, AT&T (T) has a dividend yield of ~6.6%. T-Mobile (TMUS) and Sprint (S) don’t pay equity dividends.
AT&T’s (T) closing price on November 13 was $30.33 per share. Based on that closing price, AT&T has a market capitalization of $220.7 billion—the second-highest among major US wireless carriers. The stock is trading 5.1% above its 52-week low of $28.85 per share and 22.9% below its 52-week high of $39.33 per share.
Verizon (VZ), the largest wireless carrier in the United States, is on track to hit its target of generating $10 billion in cumulative cash savings from its operations by 2021. The telecom company’s cost-cutting initiative includes zero-based budgeting, which has resulted in $1.3 billion of cumulative cash savings on a YTD basis. Verizon’s Voluntary Separation Program is also one of the company’s initiatives to cut costs.
According to data compiled by Reuters as of November 13, 53% of the 32 analysts covering AT&T (T) stock have given it a “hold” rating. Only 38% of analysts have given the stock “buy” ratings while the remaining 9% have maintained a bearish view on the stock with “sell” ratings.
As of November 13, AT&T’s (T) market capitalization was $220.7 billion, making it the second-largest US wireless carrier. Verizon (VZ) had a market capitalization of $242.4 billion, T-Mobile (TMUS) had $58.0 billion, and Sprint (S) had $25.3 billion.
Institutions like global banks, pension funds, endowments and hedge funds actually move the markets. Individual investors like you and me try to draft behind the whales and feed off of their leftovers. If institutions are favoring large cap tech stocks, they will rise.