Pre-Market Technical Recap on Telecom Services Stocks -- CenturyLink, AT&T, Verizon Communications, and Frontier Communications
NEW YORK, August 24, 2017 /PRNewswire/ --
If you want a Stock Review on CTL, T, VZ, or FTR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com has issued research reports on CenturyLink Inc. (NYSE: CTL), AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ), and Frontier Communications Corp. (NASDAQ: FTR). Domestic Telecom Services companies provide communication services for voice, data, and video transmission through a variety of ways. They also own and operate fixed-line, wireless, high-bandwidth, and/or satellite networks. Daily Stock Tracker provides great insights on these stocks in its free research reports at:
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CenturyLink
Monroe, Louisiana-based CenturyLink Inc.'s shares climbed 2.41%, finishing Wednesday's trading session at $20.38. A total volume of 15.85 million shares was traded, which was higher than their three months average volume of 10.30 million shares. The stock is trading below its 50-day moving average by 12.03%. Moreover, shares of CenturyLink, which provides various communications services to residential, business, wholesale, and governmental customers in the US, have a Relative Strength Index (RSI) of 38.11.
On August 22nd, 2017, CenturyLink announced that its Board of Directors voted to declare a regular quarterly cash dividend of $0.54 per share, which will be payable on September 15th, 2017, to shareholders of record on September 05th, 2017.
On August 23rd, 2017, research firm Morgan Stanley reiterated its 'Overweight' rating on the Company's stock with a decrease of the target price from $27 a share to $26 a share. Free research report on CTL is available at:
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AT&T
On Wednesday, shares in Dallas, Texas-based AT&T Inc. recorded a trading volume of 19.93 million shares, and ended the session 0.16% lower at $37.92. The stock has gained 4.69% in the last one month. The Company's shares are trading 0.34% above their 50-day moving average. Furthermore, shares of AT&T, which provides telecommunications and digital entertainment services, have an RSI of 49.17.
On August 21st, 2017, AT&T announced that starting this August 25th, 2017, business and consumer customers can visit att.com/primetime or an AT&T store to purchase AT&T PrimetimeTM for $10 a month for 20 months with an AT&T Installment plan, or $29.99 with a two-year contract. This AT&T exclusive tablet is loaded with entertainment and productivity features like TV Mode, which offers access to favorite video apps like DIRECTV in one quick touch or swipe. The complimentary research report on T can be downloaded at:
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Verizon Communications
Shares in New York City, New York headquartered Verizon Communications Inc. closed at $48.28, slightly down 0.14% from the last trading session. The stock recorded a trading volume of 8.91 million shares. The Company's shares have gained 9.78% in the last one month and 7.19% over the previous three months. The stock is trading 4.87% above its 50-day moving average. Additionally, shares of Verizon Communications, which through its subsidiaries, provide communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide, have an RSI of 58.03.
On July 31st, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $48 a share to $50 a share.
On August 21st, 2017, Verizon Communications announced that, beginning August 26th, 2017, all local calls made within the Pennsylvania 717 area code must be placed using a ten-digit telephone number (area code plus the seven-digit telephone number). This change paves the way for an additional area code (223) for new telephone lines and services in the same geography. Visit DailyStockTracker.com today and access our complete research report on VZ at:
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Frontier Communications
Norwalk, Connecticut-based Frontier Communications Corp.'s stock ended 2.49% higher at $12.34 with a total trading volume of 2.68 million shares. The Company's shares are trading below their 50-day moving average by 22.35%. Shares of the Company, which provide communications services to residential, business, and wholesale customers in the US, have an RSI of 32.81.
On July 26th, 2017, Frontier Communications announced that its Board of Directors has declared a regular quarterly dividend on the Company's 11.125% Mandatory Convertible Preferred Stock, Series A, of $2.78125 per share, payable in cash on September 29th, 2017 to holders of record at the close of business on September 15th, 2017.
On August 23rd, 2017, research firm Morgan Stanley reiterated its 'Equal-Weight' rating on the Company's stock with a decrease of the target price from $22.50 a share to $16 a share. Get free access to your research report on FTR at:
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