30.24 -0.05 (-0.17%)
After hours: 6:54PM EST
|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||29.95 - 30.42|
|52 Week Range||28.85 - 39.33|
|Beta (3Y Monthly)||0.46|
|PE Ratio (TTM)||5.92|
|Earnings Date||Jan 30, 2019|
|Forward Dividend & Yield||2.00 (6.52%)|
|1y Target Est||34.48|
A U.S. judge on Friday ordered the White House to temporarily restore CNN correspondent Jim Acosta's press pass, which was revoked after a contentious news conference last week with President Donald Trump. The White House withdrew Acosta's credentials on Nov. 7 in an escalation of the Republican president's attacks on news organizations, who he has called enemies of the people. U.S. District Judge Timothy Kelly, who is hearing CNN's lawsuit challenging the revocation, said Acosta's credentials must be restored while the network's case is pending.
Apple has committed at least $1 billion on TV content as it prepares its push into streaming to boost revenues and take on Netflix, Amazon, and Disney.
AT&T turned to a veteran of the company for more than 30 years to succeed Ken McNeely as California president, overseeing the company's more than 33,000 employees in the state.
Back in March, I shared my misgivings about Facebook (NASDAQ:FB) and suggested it was in trouble. At the time, FB stock was selling at about $176 per share. Then came the reckoning in FB: a disappointing earnings report and negative headlines that have sent FB stock down by one-third, to roughly $143 per share.
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.
U.S. President Donald Trump on Friday threatened to return to court if journalists do not follow White House rules, after a judge ordered the White House to restore a CNN reporter's access. "People have to behave," Trump told reporters at the White House.
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.
The White House said on Friday it will temporarily reinstate access for CNN correspondent Jim Acosta, after a U.S. judge restored Acosta's press credentials for the time being, saying they had been revoked ...
U.S. District Judge Timothy Kelly’s decision is a rebuke to Trump as he tries to recover from losses in midterm congressional elections. It furthers a portrait of a president overstepping his authority to settle personal scores and carries extra sting because it was issued by a judge the president appointed. Other networks, including FOX News, rallied around their competitor this week in defense of their First Amendment right to cover the president.
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.
CNN has won a court order restoring the access of its White House reporter Jim Acosta. The judge in the case granted a temporary order for Acosta's credentials to be reinstated. The network, owned by AT&T , sued the White House after Acosta's credentials were revoked following a testy news conference with President Donald Trump.
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.
A federal judge on Friday grants CNN's request for a court order that would temporarily reinstate network correspondent Jim Acosta's White House press pass. CNN's legal challenge comes in response to the Trump administration's decision last week to yank Acosta's "hard pass," which gave him access to the White House grounds, after Acosta clashed with the president at a news conference earlier that same day. A federal judge on Friday granted CNN's request for a court order that would temporarily reinstate network correspondent Jim Acosta's White House press pass, which had been suspended indefinitely in the wake of a fiery exchange between the reporter and President Donald Trump a week earlier.
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.
In March 2014, Facebook (FB) announced a deal to acquire virtual reality systems developer Oculus for $2.0 billion, a huge investment for a company that had just gone public two years earlier. The acquisition of Oculus was viewed as an attempt by Facebook to broaden its revenue streams. In the third quarter of 2018, Facebook’s revenue from non-advertising operations was $188 million, a decline of 20.7% in four years.
Amid the growing popularity of online video streaming services, the Walt Disney Company (DIS) is set to launch its Disney-based streaming DTC (direct-to-consumer) service, Disney+, in US markets in late 2019. The service will offer original content under five banners: original Disney, Pixar, Marvel, Star Wars, and National Geographic.
Major League Baseball has signed a seven-year media rights renewal with Fox Sports that sources say is worth $5.1 billion, or $728.6 million per year. The deal formally was announced at the MLB owners meetings in Atlanta today. The deal, which keeps MLB tied to Fox and FS1 through 2028, looks much like Fox’s current deal, in part, because that was all MLB could sell as its other media packages are not up.
Shareholders of the following telecommunication companies are receiving a compelling forward dividend yield, one that is beating the dividend yield of the S&P 500 index by over 200%. The dividend yield of the index is 1.94% as of Wednesday. The forward dividend yields of the following stocks are based on their share prices at market close on Wednesday.
AT&T’s top financial executive doesn’t seem worried about the court appeal of its Time Warner acquisition – even if there were some unwanted headlines of late. “Quite frankly, we’re very confident that the decision … (will) be upheld,” Chief Financial Officer John Stephens said at a Morgan Stanley conference this week. Oral arguments in the appeal are set to commence in December. Stephens made his comments after AT&T took some heat on the matter in recent weeks.
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.