CHICAGO, Aug. 1, 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 Windstream Holdings, Inc. (Nasdaq:WIN-Free Report), CenturyLink, Inc. (NYSE:CTL-Free Report), Cincinnati Bell Inc. (NYSE:CBB-Free Report), Mandalay Digital Group, Inc. (Nasdaq:MNDL-Free Report) and Level 3 Communications, Inc. (NYSE:LVLT-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 Stocks to Watch Post-Windstream REIT Plan
Telecom stocks gained significant momentum on Monday this week following Windstream Holdings, Inc. (Nasdaq:WIN-Free Report) announcement of its spin-off plans in order to create an independent, publicly traded real estate investment trust (REIT).
Windstream seems to be benefiting from its new strategy and recorded a rally in share price early this week. The company received a green signal from the Internal Revenue Service to spin-off select assets, which further drove the market value of the company. Interestingly, other telecom stocks also received a stir on the possibility of similar tax saving potentials through the REIT route.
However, it is still a matter of conjecture as to whether big telecom players will be able to replicate Windstream's strategy in order to avoid Federal taxes. Nevertheless, Windstream's latest announcement, timed well amid the ongoing earnings season, has taken the entire telecom industry in its grip. We believe this should continue to have a ripple effect on the telecom stocks albeit for a short term.
Most of the companies like CenturyLink, Inc. (NYSE:CTL-Free Report) have already recorded significant gains early this week. However, there are certain companies, which in our opinion, are worth considering following the impact of Windstream's REIT Plan.
Cincinnati Bell Inc. (NYSE:CBB-Free Report): The company provides telecommunications service to businesses and consumers in the Greater Cincinnati and Dayton areas primarily on its own wireline and wireless networks. Following Windstream's declaration, the stock witnessed around 4% gain in its price on Monday and has continued to hover around the day's closing since then. Currently, Cincinnati Bell has a Zacks Rank #2 (Buy), which suggests a positive momentum ahead for the stock.
Mandalay Digital Group, Inc. (Nasdaq:MNDL-Free Report): The company offers mobile content solutions to wireless carriers and original equipment manufacturers. It offers software solution, for application installation, portal management, user interface, content development, and billing technology. The company boasts a Zacks Rank #2 and therefore, can be considered as a potential stock to watch out for.
Level 3 Communications, Inc. (NYSE:LVLT-Free Report): The company offers communication and information services across North America, Latin America, Europe, the Middle East, and Africa and boasts one of the largest Internet infrastructures in the world. The stock continues to trade close to its 52-week high, which definitely makes it worthy of attention.
Following Windstream's announcement, Level 3 Communications gained around 3% on Monday trading and has retained its upswing thereafter. The stock has a Zacks Rank #3 (Hold).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Get the full Report on WIN - FREE
Get the full Report on CTL - FREE
Get the full Report on CBB - FREE
Get the full Report on MNDL - FREE
Get the full Report on LVLT - FREE
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO
SOURCE Zacks Investment Research, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article