Shares of AT&T Inc. Are up 2.2% in Tuesday morning trading after Citi analyst Michael Rollins upgraded the stock, citing various positive trends around its wireless business. Rollins said that financials for wireless companies have been improving lately and he expects that the company will be able to take advantage of a 'measured promotional environment' in the wireless industry. 'The greater migration from prepaid to postpaid within the category has provided breathing room for the competitive landscape to absorb new cable entrants,' he wrote. Rollins recently met with AT&T's management and said that the company was 'optimistic on the levers it can pull to manage costs and improve free-cash flow.' Rollins said that AT&T shares look attractive following a recent underperformance.
T-Mobile US, Inc. And Sprint Corporation ended months of speculation with an all-stock merger agreement over the weekend, but the news was met with widespread skepticism because Wall Street.
The stock is down 21% so far this year, while the S&P is little changed. Shares of Verizon Communications Inc., T-Mobile US Inc. And Sprint Corp. Are all in positive territory for the year. 11, 2018 at 9:59 a.m. ET.
by Emily Bary. Shares are up 6.2% in premarket trading Wednesday after the wireless carrier beat on the top and bottom lines for its fiscal second quarter. The company reported net income of $196 million, or 5 cents a share, after a net loss of $48 million, or 1 cent per share, a year earlier. Analysts were expecting a 2-cent net loss per share for the fiscal second quarter. Sprint's total net operating revenue rose to $8.4 billion from $7.9 billion a year earlier, whereas analysts were expecting $8 billion. The stock is down 13.2% over the past 12 months, while the S&P 500 has gained 4.2%. 31, 2018 at 7:48 a.m.
ET. by Emily Bary. Provides wireless and wired telecommunications services.
The company operates through two segments: Wireless and Wireline. The Wireless segment offers wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale and affiliate basis, which includes the sale of wireless services. The Wireline segment provides a broad suite of wireline voice and data communications services to other communications companies and targeted business and consumer subscribers.
It also provides voice, data and IP communication services to Wireless segment, and IP and other services to cable Multiple System Operators. Sprint was founded on October 5, 2012 and is headquartered in Overland Park, KS.
Sprint Stock Symbol
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