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S

Sprint

$7.83

-0.105 (-1.32%)

, TMUS

T-Mobile

$64.01

0.88 (1.39%)

12:49
06/20/17
06/20
12:49
06/20/17
12:49

Deutsche Telekom plans merging T-Mobile with Sprint, Handelsblatt reports

Deutsche Telekom (DTEGY) is shifting away from a potential sale of T-Mobile (TMUS) and preparing to merge the unit with Sprint (S), Germany's Handelsblatt reports. The merger is planned as a share exchange with no cash component, the paper adds. Shares of Sprint rallied 2% to $8.11 following the report. T-Mobile is up 26c to $64.27.

S

Sprint

$7.83

-0.105 (-1.32%)

TMUS

T-Mobile

$64.01

0.88 (1.39%)

DTEGY

Deutsche Telekom

$18.78

0.11 (0.59%)

  • 22

    Jun

S Sprint
$7.83

-0.105 (-1.32%)

05/30/17
BTIG
05/30/17
NO CHANGE
BTIG
Verizon shares could rise to $51 but outlook still mixed, says BTIG
BTIg analyst Walter Piecyk believes that Verizon's (VZ) stock can rise to $51. He notes that the company's wireless "margins and churn are still near record levels," while Sprint's (S) CEO expects prices for unlimited data plans to rise. Additionally, the analyst believes that the chances of Verizon making "a large dilutive acquisition" have decreased, while Verizon would benefit from a merger of Sprint and T-Mobile (TMUS). However, the analyst lowered his estimates for Verizon ,and he thinks that the company's dividend could be at risk over the longer term. Moreover, he warns that the stock could come under pressure if the T-Mobile/Sprint merger falls through, while a new , "well-funded" competitor could enter the wireless space. He keeps a Neutral rating on Verizon.
05/30/17
MOFT
05/30/17
NO CHANGE
MOFT
U.S. telecom sector upgraded to Neutral from Sell at MoffettNathanson
MoffettNathanson analyst Craig Moffett upgraded the U.S. telecom sector to Neutral from Sell. As reasons for the upgrade, the analyst cited valuation, lack of near-term negative catalysts, interest rate easing, and a potential merger between Sprint (S) and T-Mobile (TMUS). Other stocks in the sector include Verizon (VZ) and AT&T (T). The firm today upgraded AT&T to Neutral from Sell.
05/15/17
COWN
05/15/17
NO CHANGE
Target $70
COWN
Outperform
Sprint, T-Mobile merger not a sure thing, says Cowen
Cowen analyst Colby Synesael tells investors the near-term risk in both Sprint (S) and T-Mobile (TMUS) has increased based on the possibility of a deal not happening, the unclear nature of what the deal structure would look like, and the fact that Sprint does not need a deal like it once did. The analyst does not feel a deal between the two is a sure thing. He believes T-Mobile's fundamentals should continue to create shareholder value, while the embedded M&A premium in Sprint shares has created meaningful risk. Synesael rates Sprint Market Perform with a $6.50 target. T-Mobile is rated Outperform with a $70 price target.
04/24/17
OPCO
04/24/17
NO CHANGE
OPCO
Sprint, DISH the only assets for sale, says Oppenheimer
Oppenheimer analyst Timothy Horan noted that wireless companies will be allowed to discuss M&A, and says he sees Sprint (S) and possibly DISH (DISH) as the only assets for sale. The analyst believes the most likely outcome is for consolidation around the four major wireless providers, something along the lines of Charter (CHTR)/Sprint, T-Mobile (TMUS)/Comcast (CMCSA; CMCSK), Verizon (VZ)/DISH, with AT&T's (T) position "fairly solidified" with DirectTV/Time Warner (TWX). Further, Horan suspects Sprint will be sold first, most likely to Charter, although T-Mobile is a possibility and could be the controlling company/management and likely paying a premium for Sprint.
TMUS T-Mobile
$64.01

0.88 (1.39%)

06/08/17
06/08/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. T-Mobile (TMUS) initiated with a Buy at Drexel Hamilton. 2. Mesoblast (MESO) initiated with an Overweight at Cantor. 3. Sherwin-Williams (SHW) reinstated with a Conviction Buy at Goldman Sachs. 4. MuleSoft (MULE) initiated with a Perform at Oppenheimer. 5. Knowles (KN) initiated with a Buy at Dougherty. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/08/17
DRXL
06/08/17
INITIATION
Target $80
DRXL
Buy
T-Mobile initiated with a Buy at Drexel Hamilton
Drexel Hamilton initiated T-Mobile with a Buy and an $80 price target saying the company is "shaking up" the industry with its innovative "uncarrier" offerings and expects upside to EBITDA margins as the company adds more subscribers and network coverage.
DTEGY Deutsche Telekom
$18.78

0.11 (0.59%)

05/19/17
GSCO
05/19/17
UPGRADE
GSCO
Conviction Buy
Deutsche Telekom upgraded to Conviction Buy from Neutral at Goldman Sachs
01/23/17
JPMS
01/23/17
NO CHANGE
JPMS
JPMorgan says odds of T-Mobile, Sprint merger have 'increased dramatically'
JPMorgan analyst Philip Cusick believes T-Mobile (TMUS), Sprint (S) and DISH (DISH) are in play and that a combination of any of them could happen. In addition, each of the three companies could become targets for larger wireless players, domestic cable companies, Internet giants and foreign buyers, Cusick tells investors in a research note. He thinks the likelihood for a Sprint and T-Mobile tie-up in the near term has "increased dramatically" since September, from 10% to over 35%, including now a greater than 50% chance of announcement and 70% chance of approval if announced. Parents Softbank (SFTBY) and Deutsche Telekom (DTEGY) have increased their preference for a deal in the last six months and that the value of $5B of annual synergies "is enough to smooth over most disagreements on relative value," Cusick contends. He sees the most likely case as Sprint/Softbank buying T-Mobile, but feels a more even merger or even Deutsche Telekom/T-Mobile paying a premium to retain a majority of the combined company is possible.
01/23/17
JPMS
01/23/17
UPGRADE
JPMS
Overweight
Deutsche Telekom upgraded to Overweight from Neutral at JPMorgan
Price target EUR 19.50.

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AVA

Avista

$51.40

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BMW

$34.00

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CSCO

Cisco

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0.67 (2.05%)

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BMY

Bristol-Myers

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INSE

Inspired Entertainment

$13.60

0.3 (2.26%)

17:38
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  • 28

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MNOV

MediciNova

$6.18

0.3 (5.10%)

17:30
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17:30
Syndicate
Breaking Syndicate news story on MediciNova »

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  • 26

    Sep

ISRG

Intuitive Surgical

$1,031.52

1.31 (0.13%)

17:25
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Conference/Events
Intuitive Surgical to host special shareholder meeting »

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GD

General Dynamics

$205.41

-0.31 (-0.15%)

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CHRS

Coherus Biosciences

$12.85

0.3 (2.39%)

17:19
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Syndicate
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  • 25

    Sep

FIBK

First Interstate

$36.90

0.3 (0.82%)

17:18
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Syndicate
First Interstate files to sell $250M of Class A common stock »

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NRCIA

National Research, also tag NRCIB

$37.45

0.55 (1.49%)

, NRCIB

National Research, also tag NRCIA

$54.30

0.31 (0.57%)

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$37.45

0.55 (1.49%)

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$54.30

0.31 (0.57%)

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CC

Chemours

$51.79

-0.16 (-0.31%)

, HON

Honeywell

$141.75

0.89 (0.63%)

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$51.79

-0.16 (-0.31%)

HON

Honeywell

$141.75

0.89 (0.63%)

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AGN

Allergan

$204.65

1.99 (0.98%)

16:57
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Allergan receives refusal to file letter from FDA for Vraylar »

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  • 25

    Sep

HON

Honeywell

$141.75

0.89 (0.63%)

, CC

Chemours

$51.79

-0.16 (-0.31%)

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Honeywell, Chemours seek rehearing of D.C Court decision regarding SNAP program »

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Honeywell

$141.75

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CC

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JOE

Saint Joe Co.

$18.60

0.45 (2.48%)

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16:40
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General news
Moody's downgrades UK's rating to Aa2, changes outlook to stable »

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A

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$65.78

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, MRK

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Agilent

$65.78

-0.14 (-0.21%)

MRK

Merck

$65.13

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TYHT

Shineco

$3.23

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ARCI

Appliance Recycling

$1.16

0.03 (2.65%)

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RNVA

Rennova Health

$0.22

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ARCI

Appliance Recycling

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16:30
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Options
Preliminary option volume of 13.9M today »

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EKSO

Ekso Bionics

$1.28

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UNH

UnitedHealth

$193.03

-2.18 (-1.12%)

, AET

Aetna

$153.57

0.18 (0.12%)

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ANTM

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CI

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AAPL

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FSLR

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FINL

Finish Line

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ASND

Ascendis Pharma

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VSAR

Versartis

$2.68

-18.925 (-87.62%)

ICPT

Intercept

$61.59

-12.11 (-16.43%)

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DLR

Digital Realty

$114.51

-1.72 (-1.48%)

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