The Zacks Analyst Blog Highlights: T-Mobile, Telefonica, Comcast, Charter Communications and AT&T
CHICAGO, Sept. 5, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the T-Mobile U.S. Inc. (NYSE:TMUS-Free Report), Telefonica S.A. (NYSE:TEF-Free Report), Comcast Corp. (Nasdaq:CMCSA-Free Report), Charter Communications Inc. (Nasdaq:CHTR-Free Report) and AT&T Inc. (NYSE:T-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Telecom Stock Roundup
The telecom sector witnessed heightened merger and acquisition activities on a global level, last week. Iliad S.A. is considering a renewed bid for T-Mobile U.S. Inc. (NYSE:TMUS-Free Report) and is reportedly in talks with private equity firms and technology companies for the same. Telefonica S.A. (NYSE:TEF-Free Report) has raised its previous takeover offer for GVT to thwart a better counter-offer from Telecom Italia S.p.A.
Meanwhile, Comcast Corp. (Nasdaq:CMCSA-Free Report) and Charter Communications Inc. (Nasdaq:CHTR-Free Report) named the new company that will be spun off from Comcast post the Comcast-Time Warner Cable Inc. merger and the completion of Comcast-Charter transactions as "GreatLand Connections Inc." AT&T Inc. (NYSE:T-Free Report) is also said to be moving closer to getting the nod for its proposed acquisition of DIRECTV.
Recap of the Week's Most Important Stories
1. French broadband carrier Iliad is still looking for a possible acquisition of T-Mobile U.S. The company is negotiating with several financial and industrial companies to increase its earlier offer for T-Mobile U.S. Iliad had earlier offered $15 billion in cash or $33 per share for a 56.6% stake in T-Mobile. However, T-Mobile's parent company, Deutsche Telecom, rejected the offer citing it as too low. (Read More: Iliad Eying Potential Partners to Sweeten T-Mobile Bid.)
2. Spanish telecom giant Telefonica raised its earlier offer for GVT in order to counter Telecom Italia's enhanced bid. Telefonica's latest offer betters the previous one, valuing GVT at $9.82 billion. The transaction includes $6.14 billion in cash along with a 12% share in the new merged company. Meanwhile, the deal is expected to face strict regulatory scrutiny, particularly if Telefonica merges with GVT. A potential merger between the two will provide a substantial lead to Telefonica in Brazil. (Read More: Telefonica to Raise GVT Offer to Counter Telecom Italia.)
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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