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Stock Market & Financial Investment News

News Breaks
January 17, 2014
14:06 EDTVZ, TMUSEarnings Preview: Analyst sentiment positive on Verizon ahead of Q4 report
Verizon Communications (VZ) is expected to report fourth quarter earnings before the market open on Tuesday, January 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 65c on revenue of $31.03B, according to First Call. The consensus range for EPS is 61c-70c on revenue of $30.7B-$31.33B. LAST QUARTER: Verizon reported Q3 adjusted EPS of 77c against estimates for 74c on revenue of $30.28B against estimates for $30.16B. Verizon reported Q3 wireless retail customers increased 5.5% to 101.2M, with wireless retail postpaid churn of 0.97%. On the company’s Q3 earnings conference call, CFO Fran Shammo said he expected the business spending environment in Q4 to be similar to Q3. He added that in the short-term, he thought wireless growth could continue at an 8% pace, but over the long-term that was, "probably a high aspiration.” On November 12 at the Wells Fargo Technology, Media & Telecom Conference, Shammo said the company was “right on target” to close the Verizon Wireless deal sometime in Q1. On January 6, T-Mobile (TMUS) agreed to acquire 700 MHz A-Block spectrum licenses from Verizon Wireless for $2.365B, and transfer certain AWS and PCS spectrum licenses. STREET RESEARCH: Street research has been positive in the weeks leading up to Verizon's Q4 earnings report. On October 18, Deutsche Bank upgraded Verizon to a Buy from Hold citing wireless operating momentum and valuation. Deutsche raised its price target on shares to $56 from $49. On December 16, Macquarie upgraded Verizon to Outperform from Neutral. On December 19, Verizon was assumed with a Buy at Jefferies. PRICE ACTION: Verizon shares are trading modestly lower versus three months ago, but are higher by approximately 15% over the past twelve months. In afternoon trading ahead of Tuesday's earnings report, Verizon’s shares are flat.
News For VZ;TMUS From The Last 14 Days
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October 1, 2014
09:03 EDTVZSprint continues pledge to 'double the data' vs. AT&T, Verizon
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07:06 EDTVZVerizon management to meet with UBS
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September 30, 2014
08:07 EDTVZVerizon management to meet with UBS
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07:53 EDTVZ, TMUSAnalysts see AT&T with early lead over Verizon in connected cars, Reuters says
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September 29, 2014
07:25 EDTVZOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 26, 2014
15:47 EDTTMUSDeutsche Telekom mulling longer stay in U.S. with T-Mobile, Reuters says
Deutsche Telekom (DTEGY) is mulling the possibility of keeping its investment in T-Mobile U.S. for at least another year as it worries that the current bidder for T-Mobile, Iliad (IILIAF), will not be able to offer an ample bid for the 56.6% stake in the U.S. telecom operator, Reuters reports, citing three people familiar with the matter. Deutsche Telekom could still be convinced to sell its stake in T-Mobile if Iliad can secure partners to significantly increase its offer, the people added. Reference Link
07:55 EDTTMUST-Mobile unlikely to receive good takeover offer from Iliad, says Pacific Crest
Pacific Crest does not expect Iliad (ILIAF) to offer enough money to acquire T-Mobile (TMUS). The firm does not think that T-Mobile should accept an offer below $40, and it reports that its checks show increased switching to T-Mobile in the wake of the recent iPhone launch. Pacific Crest believes that T-Mobile's valuation remains compelling, and it keeps an Outperform rating on the shares.
05:50 EDTTMUSStocks with implied volatility movement; TMUS S
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September 24, 2014
08:03 EDTVZMicronet Enertec artners with Verizon for mobile data terminal distribution
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September 23, 2014
18:03 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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17:53 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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September 22, 2014
07:14 EDTVZGSM Association to hold a conference
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06:58 EDTTMUSIliad enacts mid-October cut-off date for T-Mobile offer, Reuters says
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September 20, 2014
21:29 EDTTMUSIliad faces obstacles in T-Mobile bid, Bloomberg says
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September 19, 2014
18:40 EDTTMUSIliad sets mid-October deadline for T-Mobile bid, Reuters reports
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12:20 EDTTMUSIliad financing talks yet to yield higher T-Mobile bid, Bloomberg reports
Iliad talks with potential partners for additional financing have not yet resulted in a higher bid for T-Mobile (TMUS), Bloomberg reports, citing people familiar with the matter. Iliad is facing hurdles while Deutsche Telekom (DTEGY) reconsiders plans for its U.S. unit, Bloomberg adds. Reference Link
11:28 EDTTMUSIliad seeking additional financing for T-Mobile bid, Bloomberg reports
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September 17, 2014
11:42 EDTVZVerizon says company-wide growth at moment is 'fine'
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11:39 EDTVZVerizon says tower sales options more favorable in current market
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