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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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September 9, 2014
13:30 EDTTMUST-Mobile first U.S. carrier to support WiFi calling feature on Apple iPhone 6
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11:15 EDTTMUST-Mobile management to meet with Jefferies
Meeting to be held in New York on September 15 hosted by Jefferies.
07:29 EDTTMUSUBM Canon to hold a summit
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07:11 EDTTMUSUBM Tech to hold a conference
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06:09 EDTVZVerizon CEO sees self-driving cars 3-5 years away, Detroit News reports
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05:16 EDTVZ, TMUSSprint announces improved phone-trade in program, price match guarantee
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September 8, 2014
05:28 EDTVZVerizon announces Verizon Auto Share
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September 7, 2014
20:37 EDTVZ, TMUSApple's new iPhones face risk as carriers begin subsidy phase out, WSJ says
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16:11 EDTTMUST-Mobile files suit against China's Huawei , Re/code says
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September 5, 2014
15:56 EDTTMUSDISH said to talk about T-Mobile deal with Deutsche Telekom, Bloomberg says
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15:32 EDTTMUSDISH said to talk about T-Mobile deal with Deutsche Telekom, Bloomberg says
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06:41 EDTVZFCC head says agency to promote high speed Internet choices, NY Times reports
Stating that fewer than 25% of American homes have access to more than one high speed Internet provider, FCC Chairman Tom Wheeler said the agency would look to promote additional choices in the sector, according to The New York Times. High speed Internet providers include Comcast (CMCSA), Cablevision (CVC), Verizon (VZ), AT&T (T), and Google (GOOG). Reference Link
September 4, 2014
11:32 EDTVZVerizon raises dividend to 55c from 53c
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September 3, 2014
11:15 EDTVZVerizon to pay $7.4M to settle privacy investigation
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10:47 EDTTMUSOpco sees DISH trying to buy T-Mobile for $40/share
Oppenheimer earlier today said it sees DISH (DISH) trying to acquire T-Mobile (TMUS) for $40 per share, and that there is a 20% chance a deal could be announced ahead of the September 10 FCC-mandated quiet period. Opco does not believe DISH can successfully partner with Sprint (S) or T-Moblile (TMUS), leaving buying T-Mobile or selling spectrum as its primary options. The firm expects additional wireless consolidation within the next year, and lists the most likely outcomes as a T-Mobile/DISH merger or T-Mobile/Comcast (CMCSA) merger.
10:35 EDTTMUSDISH may try to acquire T-Mobile for $40/share, says Oppenheimer
Oppenheimer says it believes DISH (DISH) could try to acquire T-Mobile (TMUS) for $40 per share. The firm sees a 20% chance of a deal being announced ahead of the FCC-mandated quiet period on September 10.
08:34 EDTTMUSVodafone speculated as takeover target for Softbank, Nikkei says
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08:28 EDTVZ, TMUSISIS Wallet changes name to Softcard
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September 2, 2014
08:56 EDTTMUSOn The Fly: Pre-market Movers
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06:14 EDTTMUST-Mobile planning September 10 'Uncarrier' event, Re/code reports
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