|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.04 - 31.38|
|52 Week Range||31.04 - 39.80|
|PE Ratio (TTM)||6.27|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||2.00 (6.13%)|
|1y Target Est||36.91|
In the previous part of this series, we looked at expectations for Sprint’s (S) postpaid phone customer net additions in fiscal Q1 2018. Now let’s take a look at the prepaid customer net additions we can expect from Sprint. Wall Street analysts expect 100,000 prepaid subscriber net additions in the quarter, given the growing intense competition in the prepaid space.
Wall Street analysts are confident about the growth in AT&T’s number of DIRECTV NOW subscribers going forward, as the company continues to concentrate on bundling its wireless and video services. The telecommunications company expects to gain nearly 300,000 DIRECTV NOW subscribers in the second quarter. In the first quarter, the company added 312,000 customers to its DIRECTV NOW video streaming service, up from 72,000 DIRECTV NOW net customer additions in the first quarter of 2017.
The competition to launch a 5G network is heating up, as AT&T's smaller rivals T-Mobile US Inc and Sprint Corp plan to merge to better invest in its network, and the largest U.S. wireless carrier Verizon Communications Inc recently named its chief technology officer to lead the company, signaling it will focus more on building 5G. AT&T Chief Technology Officer Andre Fuetsch said in an interview the mobile 5G network is expected to launch toward the end of the year, but declined to specify a date.
An uptick in demand, upgrade to state-of-the-art infrastructure and foray into premium ad innovation for online content are likely to drive higher wireless revenues for Verizon Communications (VZ) in second-quarter 2018.
A holistic growth model with core focus and opportune acquisitions will likely drive solid performance for AT&T (T) in second-quarter 2018.
Now we’ll take a look at AT&T’s (T) spending on capex. The mobile operator has been spending heavily on capex in order to improve its network and procure additional spectrum for future use. Wall Street analysts expect AT&T’s spending on capex to increase by ~9.4% YoY (year-over-year) to reach ~$5.7 billion in the second quarter.
In a stunning reversal of fortunes, HBO's new corporate overlords want to abandon its long-successful formula in an effort to become more like its streaming nemesis.
Over the past few quarters, AT&T (T) has been experiencing subscriber losses in the traditional US pay-TV market. Wall Street analysts foresee a net loss of 250,000 traditional US pay-TV subscribers for AT&T in the second quarter, as the company has continued to face intense competition from OTT (over-the-top) video streaming players. OTT video streaming services directly provide content to users via the Internet.
WASHINGTON—President Donald Trump signed an executive order on Thursday aimed at spurring new investments for training Americans to help them secure jobs. More than 15 companies and associations signed a pledge to educate and train U.S. students and workers during a White House ceremony that opened the initiative. Among them, International Business Machines Corp., FedEx Corp., General Motors Co., Microsoft Corp., Walmart Inc. and Lockheed Martin Corp. have committed to taking part, according to Mr. Trump’s daughter and adviser, Ivanka Trump.
Jim Cramer anticipates more gains for shares of Disney and Comcast as the companies' battle over Twenty-First Century Fox's assets comes to a close.
A federal appeals court on Thursday approved the U.S. Justice Department's request for an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc (NYSE:T - News) to buy content provider Time Warner. The court approved the Justice Department request that legal briefs must be completed by Oct. 18, with oral arguments "as soon as practicable." That would be a significantly faster-than-normal timetable for an appeals court to hear a case. The Justice Department said on Wednesday, in requesting the expedited schedule, that AT&T, which owns DirecTV, could use Time Warner's Turner content, especially live sports and news, to raise the costs of smaller, rival pay TV companies.
Nokia (NOK) joins forces with Philippines' Globe Telecom to help the latter deliver cloud-native business services, allowing enterprises to move seamlessly to the cloud.
AT&T’s (T) closing price on July 12 was $32.23 per share. Based on that closing price, AT&T has a market cap of ~$236.1 billion—the highest among all major US mobile carriers.
The latest round of tariffs planned by Trump administration is likely to impact network routers and components that go into digital signal processing, TVs, monitors and telecom gear.
The US Justice Department (or DoJ) is appealing a judge’s decision to allow AT&T’s (T) $85.4 billion acquisition of Time Warner, raising the possibility that the deal could be blocked. Last month, AT&T won approval against the DoJ to move ahead with its agreement with Time Warner without any conditions. The deal closed on June 14 after the Justice Department didn’t apply for a stay of the judge’s ruling and let the deal go forward.
Earlier in this series, we learned about analysts’ expectations for AT&T’s (T) prepaid customer net additions in the second quarter. Now let’s talk about AT&T’s customer retention metric, or its churn rate. AT&T’s postpaid phone churn rate should continue to improve in the second quarter mainly due to its wireless video bundle.
Stock Futures Down, Gold Hits New Lows, Dollar Up Futures are down this morning, modestly, with the S&P 500 futures (NYSEARCA:SPY) falling around 0.2%, oil (NYSEARCA:USO) down on reports of record US output, most currencies down against the US dollar (NYSEARCA:UUP), and gold (NYSEARCA:GLD) hitting new 52-week lows, though just by a week. Gold hit […] The post Market Morning: Gold Collapses, Yuan Plummets, MGM Flies High, AT&T Faces Off Justice Dept appeared first on Market Exclusive.
WASHINGTON—The Justice Department on Wednesday sought to fast-track its appeal of the court decision allowing AT&T Inc. to buy Time Warner Inc., while offering the first hints of its legal arguments for the next phase of proceedings. The department filed its appeal last week, a month after U.S. District Judge Richard Leon rejected the government’s antitrust claims against the more than $80 billion deal, which AT&T and Time Warner have since completed. The Justice Department on Wednesday asked the U.S. Court of Appeals for the District of Columbia Circuit to adopt an accelerated timeline for the appeal, with all legal briefs filed by mid-October and oral arguments to follow shortly thereafter.
The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc (NYSE:T - News) to buy movie and TV show maker Time Warner, according to a court filing on Wednesday. AT&T, which owns pay-TV company DirecTV, said it did not oppose the expedited schedule. The Justice Department filing seeks briefs to be completed by Oct. 18, with oral arguments "as soon as practicable." That would be a significantly faster-than-normal timetable for an appeals court to hear a case.
For all the talk of rising interest rates, yields remain strikingly low, with the 10-year U.S. Treasury around 2.85%. Two options for much higher yields are the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund (HYG) or an old-fashioned dividend stock like AT&T (T). AT&T’s dividend yield was recently at 6.3%.
Walt Disney (DIS) recently won the endorsement of two influential proxy advisers for its $71.3 billion bid for the media and entertainment assets of Twenty-First Century Fox (FOXA). Firms such as Institutional Shareholder Services (or ISS) and Glass Lewis are backing Disney’s deal for Fox assets and therefore recommend Fox shareholders vote in favor of the Disney transaction during the scheduled July 27 investor meeting.