(Credits : siliconangle.com )
What better way to psyche yourself up for the week than with a snazzy market update from yours truly. This #MarketMonday we’re investigating American based telco companies! Global Signals for these telcos have been in the green lately, both figuratively and literally!
FY2017 EPS Estimates for Verizon Communications Inc. Boosted by Analyst (VZ) (Released 31/07/2016)
Lets begin with Verizon’s fundamentals! Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, July 26th. The cell phone carrier reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. During the same period in the previous year, the company posted $1.04 EPS. The company earned $30.53 billion during the quarter, compared to analysts’ expectations of $30.95 billion. Verizon Communications quarterly revenue was down 5.3% compared to the same quarter last year.Wall Street analysts remain divided over their Verizon sentiment, with FBR Capital reiterating their “outperform” rating on 27th July, Hilliard Lyons downgraded Verizon to “Neutral” on 27th July 2016. We encourage investors interested in Telco equities to set Call Levels for Verizon with equal upside and downside.
Goelzer Investment Management buys $10,568,804 stake in AT&T (T) (Released 31/07/2016)
Goelzer Investment Management scooped up 1,842 additional shares in AT&T during the most recent quarter end, the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 245,159 shares of AT&T which is valued at $10,568,804. AT&T’s fundamentals indicate $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. The company had revenue of $40535.00 million for the quarter, compared to analysts expectations of $40402.73 million. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. AT&T is looking pretty positive right now, and an upside on your Call Levels should assist you in watching AT&T in the market!
T-Mobile US (TMUS) Shares are Up 1.98% (Released 01/08/2016)
Investors are bullish on T-Mobile US (TMUS) as it has outperformed the S&P 500 by a wide margin of 4.29% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.98% in the last 1 week, and is up 7.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.75% and the 50-Day Moving Average is 7.46%. T-Mobile US, Inc. is up 17.97% in the last 3-month period. Setting Call Levels with a potential upside might be the most prudent decision moving forward!
Revenue Update on Sprint Corp(NYSE:S) (Released 01/08/2016)
Sprint Corp (NYSE:S) announced the earnings results for the Fiscal Year 2016 and Q1 last week. The results came in during Pre-market on Jul 25, 2016. Company reported revenue of $8.01B, whileanalysts estimated a revenue of $8.69B. Earnings per share were $-0.05. Sprint Corp (S) made into the market gainers list on Friday’s trading session with the shares advancing 2.33% or 0.14 points. Due to strong positive momentum, the stock ended at $6.14, which is also near the day’s high of $6.22.
(Credits: Blogs.microsoft.com )