32.38 -0.01 (-0.03%)
After hours: 7:58PM EDT
|Bid||0.00 x 2200|
|Ask||0.00 x 1800|
|Day's Range||31.96 - 32.60|
|52 Week Range||31.17 - 39.80|
|PE Ratio (TTM)||6.53|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||2.00 (6.03%)|
|1y Target Est||37.61|
AT&T Inc. is in talks to buy digital ad firm AppNexus, which would likely signal the company's plans to challenge advertising titans Alphabet Inc. and Facebook Inc. , Cheddar reported late Tuesday. AppNexus is privately held and has raised an estimated $344 million, according to FactSet. AppNexus operates a large advertising exchange, which handles programmatic online ads.
Shares of telecom giants AT&T (T) and Verizon Communications (VZ) are higher today, with the latter boosted by an analyst upgrade. Deutsche Bank's Matthew Niknam boosted his rating on the stock to Buy, with a $56 price target. Speaking of that, JPMorgan's Phillip Cusick resumed coverage of AT&T with a Neutral rating and $36 price target today.
Shares of Netflix (NFLX) popped over 3% through afternoon trading on Tuesday to hit yet another new all-time high on the back of the most bullish analysts call to date. GBH Insights upped its price target to a whopping $500 per share, less than a week after Goldman Sachs (GS) lifted its target to $490. Therefore, investors clearly need to take a look at why analysts are so excited about the streaming giant.
Today, CVS Health, the leading pharmacy benefit managers, is up ~5% after announcing the launch of its drug delivery service from all of its US locations. The company has nearly 10,000 stores across the United States, and it expects to deliver customer orders within a day or two of customers placing orders on the website or app. The company also plans to offer same-day delivery service in some major cities.
State Street Global Advisors on Tuesday launched the latest in its popular series of U.S. sector-based exchange-traded funds, in anticipation of a major reclassification that will be finalized later this year. The new fund, the Communication Services Select Sector SPDR Fund (ARCX:XLC), was created in response to upcoming changes to MSCI’s and S&P Dow Jones’s Global Industry Classification Standard. The changes bring about the creation of a new communications services sector, which the new fund will track.
Netflix (NFLX) has seen its stock nearly double this year after two stellar quarters, with subscriber growth beating analysts’ estimates on both occasions. The latest surge came after Goldman Sachs analyst Heath Terry raised his price target on the stock from $390 to $490. Netflix has informed investors that it expects to continue to generate negative cash flow over the next few years, which suggests that the company will continue to put cash toward creating content to attract more subscribers.
To date, Hulu has been more selective in funneling its content dollars to a smaller number of projects, compared to streaming rivals like Amazon and Netflix.
AT&T (T) continues to benefit the hospitality industry with a new technology, which promises to accommodate up to 138 HD channels.