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Stock Market & Financial Investment News

News For VZ;T;S From The Last 14 Days
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November 24, 2014
10:11 EDTVZ, TVerizon slips after Citi downgrade on spectrum prices, rising competition
Shares of Verizon (VZ) are falling in early trading after Citigroup downgraded the stock to Neutral from Buy in a note to investors today. WHAT'S NEW: Citigroup analyst Michael Rollins downgraded Verizon, citing the higher than expected price the company will have to pay for wireless spectrum and the increased price competition it is facing. Prices for spectrum currently being auctioned by the FCC are running 36% above Rollins' estimates, the analyst wrote. The higher than expected cost of spectrum implies that the wireless carriers will have higher costs, the analyst explained. Meanwhile, increased competition over consumer prices among the carriers could prevent them from profiting from increased data consumption, Rollins believes. National wireless carriers' outlook for 2015 is unfavorable, warned the analyst, who trimmed his price target on Verizon to $51 from $53. WHAT'S NOTABLE: The total provision winning bids in the AWS-3 auction rose to about $33B after round 26, which was up 3.23% from the prior round, according to data posted to the FCC website on Friday. Companies believed to be bidding in the auction other than Verizon include AT&T (T), T-Mobile (TMUS) and U.S. Cellular (USM). This morning, RBC Capital raised its price target on DISH to $81 from $69, citing the current price points of a spectrum auction. The firm views the price points as a conservative valuation proxy for DISH's AWS-4 spectrum holdings. Analysts at Goldman also raised DISH's price target to $96 from $77 to reflect a higher value for the company's spectrum holdings. PRICE ACTION: In early trading, Verizon fell 2.2% to $49.12, while DISH Network shares rose 3% to $75.86.
10:00 EDTVZOn The Fly: Analyst Downgrade Summary
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09:39 EDTVZActive equity options trading
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06:37 EDTVZ, TVerizon downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Verizon (VZ) to Neutral saying it believes the company's earnings will miss expectations in 2015 due to higher costs of spectrum and slower revenue growth amid rising rate plan competition. Citi lowered its price target for shares to $51 from $53. The firm keeps a Neutral rating on AT&T (T) with a $34 price target.
November 23, 2014
12:26 EDTT, VZWireless carriers bid up prices at U.S. spectrum auction, WSJ
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November 21, 2014
16:00 EDTVZ, TProvision winning bids in FCC AWS-3 auction hit $33B after round 26
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06:35 EDTTCalifornia AG announces $23.8M settlement with AT&T
California Attorney General Kamala D. Harris and Alameda County District Attorney Nancy E. OíMalley yesterday announced a settlement with AT&T to resolve allegations that hundreds of AT&Tís California facilities unlawfully disposed of hazardous waste and material over a nine-year period. As part of the settlement, AT&T will pay $23.8M. In addition, AT&T will spend an estimated $28M over the next five years to implement the enhanced environmental compliance measures required by the settlement. The settlement and proposed judgment, filed in Alameda County Superior Court, requires approval from the court before becoming final. This is the first enforcement action in California against a telecommunications company for its management of electronic waste. If approved by the court, under the final judgment, AT&T must pay $18.8M in civil penalties and costs. An additional $3M will fund supplemental environmental projects furthering consumer protection and environmental enforcement in California, and AT&T will pay a minimum of $2M to enhance its environmental compliance. The telecom provider will be bound under the terms of a permanent injunction prohibiting similar future violations of law.
November 19, 2014
13:10 EDTT, VZDISH, Globalstar climb as wireless spectrum bids reportedly jump
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07:50 EDTVZ, TVerizon trends look strong, says Oppenheimer
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07:19 EDTT, VZSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
06:42 EDTTAT&T says feds may need warrant for location data, WSJ says
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November 18, 2014
11:07 EDTTVOXX unit, AT&T sign international data agreement
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09:31 EDTTAT&T, DirecTV deal receives approval in Mexico
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06:27 EDTSSprint's Chief Marketing Officer to leave company, WSJ reports
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06:23 EDTSSprint names Douglas Michelman to management team, to replace Bill White
Sprint (S) announced the appointment of Douglas Michelman to Sprintís leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelmanís communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
06:08 EDTTIntel's 'Mica' bracelet to feature Google alerts, AT&T data plan, Re/code says
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November 17, 2014
16:00 EDTTOptions Update; November 17, 2014
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11:39 EDTTAT&T management to meet with Oppenheimer
Meetings to be held in Canada on November 18-19 hosted by Oppenheimer.
November 14, 2014
12:53 EDTSOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
12:49 EDTTAT&T management to meet with Jefferies
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