33.85 +0.09 (0.27%)
Pre-market: 8:28AM EDT
|Bid||33.78 x 1100|
|Ask||33.88 x 1000|
|Day's range||33.69 - 34.19|
|52-week range||30.13 - 39.80|
|PE ratio (TTM)||6.60|
|Earnings date||24 Oct 2018|
|Forward dividend & yield||2.00 (5.92%)|
|1y target est||35.24|
AT&T (T) has made major organizational changes since its $85.4 billion acquisition of Time Warner. Its new reportable segments are Communications, WarnerMedia, Latin America, and Advertising & Analytics. The Communications segment includes Entertainment Group, Mobility (United States), and Business Wireline.
Discovery Communications (DISCA) has recently struck carriage deals to put more of its channels in front of ~22.3 million online video consumers. One of the deals saw the company expand its distribution agreement with Hulu. The expanded agreement adds Discovery channels such as Animal Planet, Investigation Discovery, and Motor Trend to Hulu’s programming.
After Facebook (FB), Twitter (TWTR), Alphabet (GOOGL), many major tech players, including Apple, Amazon (AMZN), Alphabet, and Twitter, will reportedly testify before the US Senate Committee on Commerce, Science, and Transportation on September 26.
You can put a coffee shop into a bank or a cellphone store -- but can you make people want to hang out in it?
Executives of a half-dozen U.S. internet titans are due to appear Wednesday before the Senate Commerce Committee to explain their privacy policies. Senior executives from AT&T, Amazon, Apple, Google, Twitter and Charter Communications are expected to testify at the hearing, amid increasing anxiety over safeguarding consumers' data online and recent scandals that have stoked outrage among users and politicians.
WASHINGTON—The Justice Department’s antitrust chief is pledging to significantly cut the length of time it takes to review proposed mergers, amid complaints from companies that the regulatory clearance process has become painfully slow. Mergers increasingly take longer to review and clear, Assistant Attorney General Makan Delrahim said Tuesday in a speech at Georgetown University.
AT&T (T), the second-largest wireless service provider in the United States, is expanding its retail distribution footprint as a means to drive growth in the untapped US markets. Last week, it announced that it’s planning to open 1,000 new retail stores in addition to the 5,300 stores it currently manages across the country. It made the announcement after T-Mobile (TMUS) recently surpassed AT&T in terms of the total number of retail distribution stores that the mobile operator manages.
On September 21, UBS upgraded AT&T (T) stock from a “neutral” to a “buy” and increased its target price from $33 to $38. The new target price represents a 13.6% rise from Thursday’s closing price of $33.44.
Pandora (P) has entered an agreement to sell itself to Sirius XM Holdings (SIRI) in an all-cash deal expected to close by April next year. Under the deal, Pandora shareholders will receive 1.44 newly issued Sirius XM shares for every Pandora share they hold. Since the deal values Pandora at $10.14 per share, Pandora shareholders are promised a premium of 12% based on Pandora’s closing price on the trading day before the deal was announced.
AT&T* announced today the launch of XandrSM, its new advertising company led by CEO Brian Lesser. The announcement was made at the Relevance Conference, Xandr’s inaugural conference in Santa Barbara, California.
On September 20, AT&T (T) defended a court ruling that allowed its $85.4 billion acquisition of Time Warner, arguing that the United States Department of Justice (or DOJ) has failed to show that the acquisition would hurt consumers with higher costs and lower competition in the pay-TV space. The telecommunications behemoth has filed a new 59-page brief with a federal appeals court, which is reviewing the DOJ’s ongoing challenge to the acquisition.
The New Fox has settled on an insider to run its legal affairs. The company has named longtime 21st Century Fox (FOXA)(FOX) board member Viet Dinh as its chief legal and policy officer. New Fox is the tentative name of the company that would remain after 21st Century Fox completes the sale of most of its entertainment operations to Walt Disney (DIS) for $71.3 billion.
In the previous part of this series, we looked at the latest Wall Street analysts’ recommendations for Sprint (S) stock. Most of the analysts are suggesting a “hold.” Now let’s look at Sprint’s technical aspects and compare them to its rivals in the telecommunications space. We’ll use RSI (relative strength index) scores and moving averages, which are some of the most common technical indicators.
Comcast (CMCSA) outbid Fox (FOX) on Saturday, September 22, in an auction to acquire UK-based broadcaster Sky. Comcast’s offer gives Sky a valuation of ~$40 billion.
Like other cable companies, Comcast (CMCSA) hasn’t escaped the challenge of cord-cutting, as consumers drop traditional pay-TV plans for online video services such as Hulu and Netflix (NFLX). Comcast shed 140,000 pay-TV customers in the second quarter, and its video revenues dropped 1.9% YoY (year-over-year) to $5.6 billion.
As of September 18, 24 analysts from various brokerage firms are actively tracking Sprint (S) stock. Five have rated the stock a “sell,” 16 have rated it a “hold,” and three have rated it a “buy.” The “hold” recommendations account for 67% of analysts’ ratings.
Together with AT&T (T), Harman launches Harman Spark, an OBD-II dongle that adds diagnostics, tracking and LTE data to cars to bring a whole new riding experience.
It’s been seven years since Comcast (CMCSA) took full ownership of NBCUniversal by buying General Electric’s (GE) 51.0% stake in the business. The deal’s approval came with a set of conditions, including the requirement that Comcast must relinquish management rights in Hulu, the online video business it co-owns alongside Walt Disney (DIS), 21st Century Fox (FOXA)(FOX), and AT&T (T).
From Japan to Europe to the United States, mobile operators are preparing for 5G (fifth-generation) technology. In the United States, AT&T (T) and Verizon (VZ) have set their sights on introducing 5G services in various markets before the end of 2018. 5G technology is an updated version of 4G (fourth-generation) LTE (Long-Term Evolution) technology and is expected to deliver faster data speeds, consistent coverage, and lower response times. According to Statista, 5G wireless subscriptions are anticipated to reach 545 million by the end of 2022.
Disney's ESPN+ was a major step in direct-to-consumer streaming, but there is still no way to watch ESPN (the channel) live without pay TV. Will that ever happen? If it does, what will it mean to streaming pay TV?
at the weekend for Sky, even at £37bn ($49bn) including assumed debt, is not one of the very biggest. The internet-based streaming service that started life mailing DVDs to customers has, in just a few years, become one of the world’s biggest commissioners of TV, and increasingly film, content. ’s streaming service is on its heels.
Shares of Disney (DIS) and Netflix (NFLX) surged Monday for completely different reasons. Yet their climbs highlight how important the streaming industry is and helps set up what will likely be years of comparison between the two media powers.