Telecom Services Stocks Under Review -- AT&T, Frontier Communications, Verizon Communications, and CenturyLink
NEW YORK, October 5, 2016 /PRNewswire/ --
Stock-Callers.com shifts investors' focus on the Domestic Telecom Services industry which provides communication services such as voice, data, and video transmission. Companies in this space tend to offer dividend yields that are above average. This morning, we have issued research reports on the following Domestic Telcom equities: AT&T Inc. (NYSE: T), Frontier Communications Corp. (NASDAQ: FTR), Verizon Communications Inc. (NYSE: VZ), and CenturyLink Inc. (NYSE: CTL). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration
AT&T
Dallas, Texas-based AT&T Inc.'s shares saw a drop of 2.13% and finished Tuesday's trading session at $39.90. A total volume of 33.16 million shares was traded, which was above their three months average volume of 19.79 million shares. Since the start of this year, the stock has advanced 20.38%. The Company's shares are trading above their 200-day moving average by 3.28%. Moreover, shares of AT&T, which provides telecommunications and digital entertainment services, have a Relative Strength Index (RSI) of 37.99.
On September 28th, 2016, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral'. The research firm also revised downwards its previous target price from $46 to $43.
On October 4th, 2016, AT&T Internet Services reached a tentative agreement with the Communications Workers of America on the National Internet Contract (NIC). The agreement covers nearly 1,200 CWA-represented wireline employees in 16 states who work on areas of AT&T's business related to products such as IPTV and DSL. The agreement is the latest to be reached covering union-represented AT&T employees. The company has now reached 19 agreements with the CWA and IBEW in 2015 and 2016, collectively covering over 95,000 employees. Sign up and read the free research report on T at: http://stock-callers.com/registration/?symbol=T
Frontier Communications
On Tuesday, shares in Norwalk, Connecticut-based Frontier Communications Corp. recorded a trading volume of 27.82 million shares, which was above their three months average volume of 18.90 million shares. The stock ended the session 0.97% lower at $4.10. The Company's shares are trading 10.38% below their 50-day moving average. Furthermore, shares of Frontier Communications, which provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the US, have an RSI of 31.75.
On September 6th, 2016, research firm Macquarie upgraded the Company's stock rating from 'Underperform' to 'Neutral'.
On September 12th, 2016, Frontier Communications announced that R. Perley McBride will join the Company on September 12th, 2016, and will become Executive Vice President and Chief Financial Officer following a transition period. Mr. McBride will succeed John Jureller, who is stepping down to pursue other opportunities. Mr. McBride has over two decades of experience in financial roles in the communications industry, including more than a decade at Frontier earlier in his career, and was most recently CFO at Cable & Wireless Communications PLC. The complimentary research report on FTR can be downloaded at: http://stock-callers.com/registration/?symbol=FTR
Verizon Communications
Shares in New York-based Verizon Communications Inc. closed the day at $51.26, down 1.20%. The stock recorded a trading volume of 13.73 million shares, which was higher than its three months average volume of 12.46 million shares. The Company's shares have gained 14.60% on an YTD basis, and are trading 0.43% above their 200-day moving average. Additionally, shares of Verizon Communications, which through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide, have an RSI of 39.17.
On October 4th, 2016, Verizon announced that it is the exclusive US wireless provider of Pixel and Pixel XL, a pair of new smartphones made by Google that take full advantage of Verizon's 4G LTE network, available to more than 314 million people across 2.31 million square miles. Register for free on Stock-Callers.com and access the latest report on VZ at: http://stock-callers.com/registration/?symbol=VZ
CenturyLink
At the closing bell yesterday, shares in Monroe, Louisiana headquartered CenturyLink Inc. ended 1.60% lower at $27.08. A total volume of 4.34 million shares was traded, which was above their three months average volume of 4.23 million shares. The stock has advanced 13.90% on an YTD basis. The Company's shares are trading below their 200-day moving average by 2.34%. Furthermore, shares of CenturyLink, which provides various communications services to residential, business, wholesale, and governmental customers in the US, have an RSI of 38.79.
On September 14th, 2016, CenturyLink announced that Highwinds, a global content delivery network (CDN) provider, has chosen CenturyLink to help the company continue optimizing its global content delivery platform. Businesses worldwide depend on Highwinds CDN to stream video, distribute games, serve advertising assets and deliver software, apps and websites. Since expanding into two CenturyLink data centers nine months ago, Highwinds has reduced certain hosting costs by nearly 50%. Get free access to your research report on CTL at: http://stock-callers.com/registration/?symbol=CTL
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