Telecom Services Stocks Under Review -- AT&T, Frontier Communications, Verizon Communications, and CenturyLink
NEW YORK, November 9, 2016 /PRNewswire/ --
Evolving communications technologies and demand for connectivity continue to shape and define the U.S. Telecom Services space which is forecasted to see an increase in alliances and partnerships this year. Companies in this industry are also expected to find new opportunities for growth within the public sector, as smart cities gain more traction. Pre-market, Stock-Callers.com presents these four equities for review: 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 rose 0.49% and finished Tuesday's trading session at $36.99. A total volume of 17.78 million shares was traded. Since the start of this year, the stock has advanced 12.96%. The Company's shares are trading below their 200-day moving average by 4.67%. Moreover, shares of AT&T, which provides telecommunications and digital entertainment services, have a Relative Strength Index (RSI) of 38.19.
On November 08th, 2016, AT&T and Colt Technology announced that they are accelerating the adoption of software-defined networking (SDN) through the creation, testing and successful trial of a standard application programming interface (API) infrastructure. During the trial between the two networks in the U.S. and Europe, AT&T successfully provisioned network services between the east coast of the U.S. and various locations in Europe.
Yesterday, research firm Oppenheimer downgraded the Company's stock rating from 'Outperform' to 'Perform'. 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 27.61 million shares, which was above their three months average volume of 21.80 million shares. The stock ended the session 0.93% higher at $3.24. The Company's shares are trading 22.06% 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 24.49.
On November 01st, 2016, Frontier Communications reported Q3 2016 revenue of $2.52 billion compared to revenue of $2.61 billion in Q2 2016. The company reported Q3 2016 operating income of $264 million and operating income margin of 10.5%. For the reported quarter net loss attributable to common shareholders was $134 million, or ($0.12) per share, and net cash provided from operating activities was $321 million.
On November 02nd, 2016, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. 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 $47.65, up 0.40%. The stock recorded a trading volume of 9.47 million shares. The Company's shares have gained 7.74% on an YTD basis, and are trading 5.34% below their 50-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 36.71.
On October 24th, 2016, research firm Drexel Hamilton upgraded the Company's stock rating from 'Hold' to 'Buy'.
On November 07th, 2016, Verizon Communications announced completion of its $2.4 billion acquisition of Fleetmatics Group PLC for $60.00 per share in cash. As a Verizon company, Fleetmatics, headquartered in Dublin, Ireland, with North American headquarters in Waltham, Massachusetts, will now be a part of the Verizon Telematics business, which offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world. 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 3.60% higher at $24.16. A total volume of 15.35 million shares was traded, which was above their three months average volume of 7.42 million shares. The stock has advanced 1.62% on an YTD basis. The Company's shares are trading below their 50-day moving average by 11.66%. Furthermore, shares of CenturyLink, which provides various communications services to residential, business, wholesale, and governmental customers in the US, have an RSI of 36.47.
On November 04th, 2016, CenturyLink announced that it has entered into a definitive agreement to sell its data centers and colocation business to funds advised by BC Partners, in a consortium including Medina Capital Advisors and Longview Asset Management. In exchange, CenturyLink will receive $2.15 billion in cash, subject to offsets for capital lease obligations and various working capital and other adjustments, and a minority stake to be valued at $150 million in the consortium's newly-formed global secure infrastructure company.
Yesterday, research firm Oppenheimer upgraded the Company's stock rating from 'Perform' to 'Outperform'. Get free access to your research report on CTL at:
http://stock-callers.com/registration/?symbol=CTL
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