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May 13, 2014
07:44 EDTTEF, CALLmagicJack price target lowered to $22 from $24 at Canaccord
Canaccord lowered its price target on magicJack (CALL) to $22 from $24 following its lower than expected Q1 results. The firm noted the company missed on activations estimates as well and said it will be difficult to forecast activations in Q2. Canaccord maintains its Buy rating on magicJack as the company reiterated its guidance and announced a new partnership with Telefonica (TEF) which could drive expansion outside of the US.
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July 30, 2014
06:56 EDTTEFTelefonica aims for Mexico agreement after Iusacell report, Bloomberg says
Telefonica said the firm is in discussions regarding a possible agreement in Mexico after a report from news site El Confidencial noted that the telecommunications company is looking to purchase Grupo Iusacell, according to Bloomberg, citing the report. Telefonica said in a Spanish regulatory filing, "Negotiations are open, although no agreement has been reached." The company gave no further details on the matter. Reference Link
July 29, 2014
11:37 EDTTEFHigh option volume stocks
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July 22, 2014
11:37 EDTCALLmagicJack founder Dan Borislow dies at 52, Bloomberg reports
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July 18, 2014
07:10 EDTTEFTelefonica smaller Telecom Italia share could cut Brazil worries, Reuters says
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