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TMUS

T-Mobile

$63.92

-0.01 (-0.02%)

, VZ

Verizon

$48.79

-0.1301 (-0.27%)

14:00
04/13/17
04/13
14:00
04/13/17
14:00

T-Mobile says it has more low-band spectrum per customer than any major carrier

T-Mobile (TMUS) confirmed its results from the recently concluded 600 MHz FCC spectrum auction, stating that I won 31 MHz nationwide on average, quadrupling its low-band holdings, for a total of $7.99B. With this purchase, T-Mobile said it now has significantly more low-band spectrum per customer than any other major provider and "nearly triple" the low-band spectrum per customer than Verizon (VZ). This additional low-band spectrum means the company will be able to expand its LTE network to compete in every corner of the country, strengthen existing LTE coverage and increase capacity to meet customers' growing demand for mobile data, according to T-Mobile. T-Mobile is also announcing they'll put some of this new spectrum to use for both T-Mobile and MetroPCS customers this year. Ericsson (ERIC) and Nokia (NOK) have announced availability of 600 MHz equipment that T-Mobile will use in its network, and the company has 600 MHz licenses covering over one million square miles where T-Mobile expects at least 10 MHz to be clear this year, the company stated. Other wireless carrier competitors include Sprint (S) and AT&T (T).

TMUS

T-Mobile

$63.92

-0.01 (-0.02%)

VZ

Verizon

$48.79

-0.1301 (-0.27%)

T

AT&T

$40.52

-0.0357 (-0.09%)

S

Sprint

$8.30

-0.045 (-0.54%)

  • 03

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    May

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    May

TMUS T-Mobile
$63.92

-0.01 (-0.02%)

04/06/17
04/06/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. T-Mobile (TMUS) downgraded to Hold from Buy at Deutsche Bank with analyst Matthew Niknam saying the risk/reward is more balanced at current levels amid intensifying competition in U.S. wireless. The analyst sees "limited incremental upside" from M&A scenarios and keeps a $68 price target for the shares. 2. Jazz Pharmaceuticals (JAZZ) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying the Xyrem generics will not reach the market ahead of prior expectations and lowered its price target to $150 from $162 saying the model fully credits other products and pipeline. 3. Ultragenyx (RARE) downgraded to Hold from Buy at Jefferies with analyst Brian Abrahams saying he sees potential headwinds as the company builds into small/less well-defined markets and believes the stock at current levels is fairly valued. 4. Bunge (BG) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan saying execution risks appear skewed to the downside in the near-term while "conditions conducive to a sale of sugar assets seem to have eroded in recent weeks." The analyst keeps a $70 price target for the shares. 5. 8point3 Energy (CAFD) was downgraded to Neutral from Buy at BofA/Merrill and Janney Capital, to Perform from Outperform at Oppenheimer, and to Market Perform from Outperform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/09/17
03/09/17
NO CHANGE
Target $44

Underperform
Window closing for DISH to monetize spectrum, says FBR Capital
FBR Capital analyst David Dixon said the Mobile World Congress provided evidence that software and architecture design changes are "exponentially" driving up spectrum reuse and he believes DISH Network's (DISH) window of opportunity to monetize its spectrum is closing. Also, based on regulatory checks at the industry event, he sees a greater likelihood of a merger of Sprint (S) and T-Mobile (TMUS), but said that even if such a hypothetical merger were to fall through he thinks a combination of DISH and T-Mobile is unlikely. Dixon keeps an Underperform rating and $44 price target on DISH shares.
04/06/17
DBAB
04/06/17
DOWNGRADE
DBAB
Hold
T-Mobile downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Matthew Niknam downgraded T-Mobile to Hold saying the risk/reward is more balanced at current levels amid intensifying competition in U.S. wireless. The analyst sees "limited incremental upside" from M&A scenarios and keeps a $68 price target for the shares.
04/05/17
WELS
04/05/17
NO CHANGE
WELS
Outperform
Wells Fargo trims T-Mobile numbers on 'softer' Q1 subscriber environment
In a pre-market research note, Wells Fargo's Jennifer Fritzsche adjusted her estimates for T-Mobile (TMUS) ahead of the company's Q1 earnings report. The analyst lowers her postpaid net add forecast to 850,000 from the previous 897,000 to account for a "softer" gross add environment in the quarter, the delayed tax refund season, and Samsung's (SSNLF) Galaxy S8 falling in Q2. The analyst also takes her Q1 adjusted EBITDA and service revenue estimates to $2.57B and $7.38B, respectively, down from the prior $2.63B and $7.42B. Fritzsche believes, however, that T-Mobile's postpaid phone growth will again lead competitors "by a very wide margin," adding that she expects both AT&T (T) and Verizon (VZ) to report negative phone additions despite their recent unlimited plans.
VZ Verizon
$48.79

-0.1301 (-0.27%)

04/05/17
WBLR
04/05/17
NO CHANGE
WBLR
Outperform
BroadSoft recent selloff a buying opportunity, says William Blair
William Blair analyst Dmitry Netis views the selloff in shares of BroadSoft following last week's Enterprise Connect show as a buying opportunity. The analyst attributes the weakness "to overly promotional tactics of some OTT pure-play vendors with the self-serving rhetoric often misrepresenting BroadSoft as a true UCaaS company, by calling it an 'on-premises player with small cloud presence.'" Further, the analyst highlights "an odd nationwide outage yesterday" at AT&T (T) affecting enterprise business customers, which was traced to an upgrade of Broadsoft feature server and Sonus (SONS) PSX server not processing calls, Netis tells investors in a research note. He views BroadSoft's current risk/reward profile as "asymmetrically skewed to the positive." The analyst notes that he's incrementally more positive on the company following his discussions with Verizon (VZ) and AT&T at Enterprise Connect.
02/22/17
SBSH
02/22/17
NO CHANGE
SBSH
Citi says Comcast could rally 20% with acquisition of Verizon
Citi analyst Michael Rollins believes 2017 will be the year of mergers and acquisitions in the Wireless space. The analyst sees "many motivations" for deals, including capacity shortages, subscale economics and thwarting 5G incursions. Rollins sees four combinations as the most likely: Verizon (VZ) for DISH (DISH), Sprint (S) for T-Mobile (TMUS), Charter (CHTR) for T-Mobile, and Comcast (CMCSA) for Verizon. If buying DISH, the analyst sees Verizon shares rallying 14%. If buying T-Mobile, the analyst sees Sprint shares rallying 5%. If buying T-Mobile, the analyst sees Carter shares rising by 4%. If buying Verizon, the analyst sees Comcast shares rising by 20%.
02/23/17
02/23/17
NO CHANGE
Target $44

Underperform
DISH buildout plan suggests lack of takeover interest, says FBR Capital
FBR Capital analyst David Dixon believes DISH's (DISH) network build plans suggest a lack of interest from potential buyers. The lack of a takeover suitor is the main driver behind DISH's decision to swap assets with EchoStar (SATS), Dixon tells investors in a post-earnings research note. He notes that to DISH bulls, Verizon (VZ) is the most logical buyer. The analyst, however, sees Verizon leaning towards a cable or content deal over time. Verizon's larger strategic threat is cable, not lack of spectrum, Dixon argues. He also believes a Sprint (S) and T-Mobile (TMUS) would remove a potential buyer for DISH spectrum. The analyst keeps an Underperform rating on DISH shares with a $44 price target.
T AT&T
$40.52

-0.0357 (-0.09%)

04/10/17
RHCO
04/10/17
NO CHANGE
RHCO
SunTrust views AT&T deal as highlighting 5G momentum
SunTrust analyst Greg Miller believes AT&T's (T) acquisition of Straight Path (STRP) highlights the "strong momentum" on early 5G network development plans, including fixed wireless. He believes the news is positive for infrastructure companies including Crown Castle (CCI), Zayo Group (ZAYO), Uniti Group (UNIT) and ultimately American Tower (AMT) and SBA Communications (SBAC) in later-stage 5G deployments.
03/08/17
WELS
03/08/17
NO CHANGE
WELS
Tower sector upgraded to Overweight at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche upgraded the Tower sector to Overweight from Market Weight saying it is time to get off the sidelines. Tower companies are positioned to benefit from additional spend from AT&T (T) related to FirstNet, Fritzsche tells investors in a research note. In conjunction with the sector, the analyst upgraded Crown Castle (CCI) to Outperform from Market Perform, and calls the stock her new top pick in the space. The analyst also has an Outperform rating on Uniti Group (UNIT).
S Sprint
$8.30

-0.045 (-0.54%)

02/22/17
OPCO
02/22/17
NO CHANGE
Target $70
OPCO
Outperform
T-Mobile may be in 'driver's seat' for any potential M&A, says Oppenheimer
After meeting with the company's management, Oppenheimer analyst Timothy Horan says T-Mobile (TMUS) may be "in the driver's seat" for any potential M&A, as Sprint (S)/Dish (DISH) are more time-constrained and M&A is more viable under an Ajit Pai-controlled FCC and Trump. The analyst notes that management stated that T-Mobile has a "strong value proposition" as a standalone company and is in no rush to make a deal with other players. He reiterates an Outperform rating and $70 price target on T-Mobile's shares.

TODAY'S FREE FLY STORIES

SYNA

Synaptics

$38.21

0.57 (1.51%)

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MKSI

MKS Instruments

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IVR

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0.07 (0.40%)

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TCMD

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LMOS

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

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Tactile Systems

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Lumos Networks

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Lumos Networks

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

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MKS Instruments

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
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17:55
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MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

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AVGO

Broadcom

$271.86

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
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Syndicate
Breaking Syndicate news story on UQM Technologies »

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
11/17/17
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17:23
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Periodicals
Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
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Breaking Hot Stocks news story on Vical »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
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Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

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ANCB

Anchor Bancorp

$24.75

-0.1 (-0.40%)

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GIFI

Gulf Island Fabrication

$12.30

-0.1 (-0.81%)

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MPB

Mid Penn Bancorp

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0.59 (1.93%)

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CALD

Callidus Software

$28.95

0.3 (1.05%)

16:49
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Callidus Software initiated at First Analysis »

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GIFI

Gulf Island Fabrication

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GE

General Electric

$18.21

-0.04 (-0.22%)

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NRE

Northstar Realty Europe

$14.20

0.05 (0.35%)

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FHN

First Horizon

$18.40

0.1 (0.55%)

, CBF

Capital Bank

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First Horizon

$18.40

0.1 (0.55%)

CBF

Capital Bank

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LII

Lennox

$194.25

-0.75 (-0.38%)

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TBNK

Territorial Bancorp

$30.99

0.21 (0.68%)

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TRTN

Triton International

$40.07

-0.77 (-1.89%)

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