|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||36.29 - 36.75|
|52 Week Range||32.55 - 42.70|
|PE Ratio (TTM)||7.71|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||2.00 (5.48%)|
|1y Target Est||40.65|
Wireless companies are finally setting deadlines for the rollout of the next wave of technology designed to revolutionize the way machines reach the internet, 5G.
Time Warner shares look increasingly attractive, as the company’s strong profit outlook should limit the downside if its merger deal with AT&T is blocked on antitrust grounds. Time Warner closed Friday at $94.70, about $11.80 below the current value of AT&T’s cash and stock offer, which is around $106.50. “I like Time Warner very much,” says Keith Moore, an event-driven strategist at FBN Securities.
The Time Warner acquisition marks the third time AT&T has tried to push through a big deal under CEO Randall Stephenson.
Comcast (CMCSA) has been losing its voice customers over the past year, and its voice revenues are thus declining. In the quarter ended December 31, 2017, the media and cable giant reported voice revenues of $832 million, a decline of 4.6% from $873 million in 4Q16. The decline in Comcast’s voice revenues is primarily due to a distribution of voice revenue to customers having bundled services and a decrease in the number of residential voice customers.
T-Mobile (TMUS) has been consistently increasing its capex (capital expenditure) to grow its network. During its 4Q17 conference call, it reported that it spent $921 million on capex, including $25 million on capitalized interest expenses. It spent $859 million on purchases of property and equipment in 4Q16. In 2017, its total capital spending was $5.2 billion, an 11.4% rise on a year-over-year (or YoY) basis.
DALLAS, Feb. 23, 2018 /PRNewswire/ -- AT&T Inc. (NYSE:T) ("AT&T") announced today the expiration of its five separate private offers to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers"), any and all of the outstanding notes listed in the table below, which have a special mandatory redemption ("SMR") provision (collectively, the "Old Notes"), in exchange for five new series of AT&T's senior notes which do not have an SMR provision (the "New Notes") and cash, on the terms and subject to the conditions set forth in the Offering Memorandum dated February 15, 2018 (the "Offering Memorandum" and, together with the notice of guaranteed delivery, the "Exchange Offer Documents"). The Exchange Offers expired at 5:00 p.m., New York City time, on February 22, 2018 (the "Exchange Offer Expiration Date").
DALLAS, Feb. 23, 2018 /PRNewswire/ -- AT&T Inc. (NYSE:T) ("AT&T") announced today the expiration of its five separate offers to purchase for cash (the "Cash Offers"), any and all of the outstanding notes listed in the table below which have a special mandatory redemption provision (collectively, the "Old Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase dated February 15, 2018 (the "Offer to Purchase" and, together with the accompanying notice of guaranteed delivery and electronic transmission of certification of eligibility to participate, the "Cash Offer Documents"). The Cash Offers expired at 5:00 p.m., New York City time, on February 22, 2018 (the "Cash Offer Expiration Date"). The "Cash Offer Settlement Date" will be promptly following the Cash Offer Expiration Date and is expected to be February 27, 2018.
The smaller part is the company’s wireless equipment revenues, whereas the larger part is its wireless service revenues. In 4Q17, Verizon reported wireless service revenues of $15.9 billion, an ~2.9% reduction year-over-year (or YoY).
Samsung is expected to launch its Galaxy S9 smartphone on Sunday ahead of Mobile World Congress in Barcelona.
Comcast’s (CMCSA) cable business generated revenues of $13.3 billion in 4Q17, an increase of 3.4% year-over-year (or YoY). In 2017, the cable segment grew 4.9% YoY to $52.5 billion. Revenues were mainly driven by strong growth in its business services units, followed by high-speed Internet and video.
Bullish sentiment has been rising, but it isn’t just investors who are feeling more optimistic about the economy—corporate executives are also seeing good times ahead.