|Bid||0.00 x 1800|
|Ask||0.00 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.
Multi-SIM phones are all fine and dandy, but they have their limits: you rarely get more than two lines, and they may be overkill if you just want a new set of digits rather than a wholly separate connection. Verizon (Engadget's parent company) thinks it has a fix. You can divide them by personal and work lines, and use them for unlimited domestic calling and texting.
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.
AT&T (T) is on track to be the first wireless service provider to roll out mobile 5G (fifth-generation) service in the United States over the next few weeks. The telecom company is planning to launch 5G in parts of 12 cities by the end of 2018.
Now let’s take a look at AT&T’s (T) prepaid customer net addition trend over the past few quarters. The telecom company’s prepaid subscribers rose ~11.6% year-over-year (or YoY) to reach 16.9 million by the end of September 30. AT&T added a total of 570,000 net prepaid customers in the third quarter, with strength coming from the Cricket brand. Meanwhile, the company had gained 324,000 net prepaid customers in the third quarter of 2017. AT&T’s prepaid subscriber growth was relatively high among the top US wireless service providers.
At the end of the third quarter, AT&T’s (T) short-term debt was $14.9 billion while its long-term debt was $168.5 billion, bringing its total debt to $183.4 billion. Meanwhile, AT&T’s total debt was $164.3 billion at the end of December 31, 2017. The company’s debt increased significantly due to the acquisition of Time Warner in mid-June.
Government officials will test that thinking this month by selling some once-barren tracts of that virtual real estate in the upper reaches of the wireless spectrum. The Federal Communications Commission will begin the first of two auctions for extremely high-frequency spectrum licenses on Wednesday, raising cash from a type of radio wave once considered useless for wireless service. Recent technological advances have made those frequencies more useful, and officials are counting on the spectrum sales to kick-start the first offerings of fifth-generation, or 5G, wireless service.
Bidding is beginning on Wednesday on spectrum in the 28 GHz band and will be followed by bidding for spectrum in the 24 GHz band. The FCC is making 1.55 gigahertz of spectrum available and the auctions will be followed by a 2019 auction of three more millimetre-wave spectrum bands — 37 GHz, 39 GHz, and 47 GHz.
Wall Street analysts expect AT&T (T) to report a ~15.9% rise in revenue to $48.5 billion in the fourth quarter, compared to $41.8 billion in the fourth quarter of 2017. Its adjusted EPS are expected at $0.85 in the fourth quarter, compared to $0.78 in the fourth quarter last year.
Since the beginning of October, Verizon Communications (NYSE:VZ) has been one of the best stocks in the market. Indeed, many names have outperformed VZ stock over the period. A nearly 10% rise in six weeks for a mature, low-growth name like Verizon stock is impressive.
Over the last few weeks, we have all heard (and seen) the shift investors have made away from growth, financials, energy, and cyclicals to the most exciting of groups, consumer staples. The shift has been not only the consumer staples companies, but who they sell to as well, like McDonald’s. It has been a good move so far. Sell your Apple (AAPL), buy some P&G (PG). And to a certain extent this has made sense. I have been very vocal about the earnings cliff coming for the likes of Apple and Nvidia (NVDA). And, the consumer is doing well – we still have low unemployment and wages are rising. But please remember one big fact. These stocks are companies with revenue, earnings, cash and dividend streams. And all the hiding and reallocating won’t help when the environment changes again, and these companies are just expensive.