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T

AT&T

$32.20

-0.09 (-0.28%)

, TWX

Acquired by T

$94.34

0.55 (0.59%)

08:06
05/15/18
05/15
08:06
05/15/18
08:06

AT&T CEO Randall Stephenson says 'ready to close' Time Warner transaction

AT&T (T) Chairman, CEO and President Randall Stephenson said that the company's top priority for 2018 is to "get the Time Warner (TWX) deal closed." He said that the judge will have the final order out on June 12 and that AT&T is "ready to close the transaction." Stephenson also said that AT&T is releasing the next generation of DirecTV Now today.Comments taken from the JPMorgan Global Technology, Media and Communications Conference.

T

AT&T

$32.20

-0.09 (-0.28%)

TWX

Acquired by T

$94.34

0.55 (0.59%)

  • 15

    May

  • 15

    May

T AT&T
$32.20

-0.09 (-0.28%)

04/30/18
MSCO
04/30/18
NO CHANGE
MSCO
Morgan Stanley discusses T-Mobile deal implications for competitors, towers
After T-Mobile (TMUS) and Sprint (S) announced a merger agreement, Morgan Stanley analyst Simon Flannery said that while the $43B in estimated synergies is "impressive," the key question is how likely is it that the companies can gain regulatory approval. On competition, he thinks the deal may contribute to a more benign competitive environment in the near-term and that AT&T (T) and Verizon (VZ) could benefit from market consolidation, though he adds that the new T-Mobile would be a formidable competitor in new areas such as 5G and fixed broadband. Flannery added that the deal will be an overhang on tower and fiber providers, noting that part of their $4B in annual network synergies involves a reduction in tower counts from 110,000 to 85,000 over time. However, the analyst said he would expect much more gear to be deployed on each tower and small cells will still expand to 50,000 from 10,000. Tower operators include American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC), which are all lower in pre-market trading.
05/01/18
DBAB
05/01/18
NO CHANGE
Target $36
DBAB
Hold
AT&T multiples at 'historical lows,' says Deutsche Bank
Deutsche Bank analyst Matthew Niknam sees value in shares of AT&T with "multiples at historical lows." Despite lowering his earnings estimates by 1%-2%, the analyst says the stock's "heavily discounted valuation is noteworthy." AT&T currently trades at 9.6 times 2018 earnings estimates, which marks its historical trough, Niknam tells investors in a research note. He believes the 6.1% dividend yield should provide additional downside support. Nonetheless, Niknam lowered his price target for AT&T to $36 from $41 and keeps a Hold rating on the shares.
05/02/18
BRRR
05/02/18
NO CHANGE
Target $110
BRRR
Outperform
Odds in favor of Time Warner deal closing, says Barrington
Barrington analyst James Goss said he continues to expect the acquisition of Time Warner (TWX) by AT&T (T) to ultimately gain court approval and his Outperform rating in part reflects the significant gap from the AT&T takeout offer. He also sees relatively modest downside risk in the event of the deal being blocked, given the continued fundamental support based on existing Time Warner assets and operations, he tells investors. Goss maintains a $110 price target on Time Warner shares.
05/03/18
RHCO
05/03/18
NO CHANGE
Target $35
RHCO
Hold
AT&T price target lowered to $35 from $40 at SunTrust
SunTrust analyst Greg Miller lowered his price target on AT&T to $35 and kept his Hold rating, saying the company's Q1 results "highlight the various challenges" that it faces. While churn is improving and pre-paid net subscriber additions growth continues, the analyst sees a shift from Pay-TV to OTT model weighing on revenue and margins in the Entertainment and Internet segments.
TWX Acquired by T
$94.34

0.55 (0.59%)

03/23/18
WELS
03/23/18
NO CHANGE
Target $40
WELS
Outperform
AT&T price target lowered to $40 from $48 Wells Fargo
Wells Fargo analyst Jennifer Fritzsche lowered her price target for AT&T (T) to $40 from $48 given recent volatility and uncertainty around Time Warner (TWX) path. Nonetheless, the analyst reiterates an Outperform rating on AT&T shares and believes Q1 2018 will represent the second consecutive quarter of positive handset ads for the company.
04/11/18
JEFF
04/11/18
NO CHANGE
JEFF
T-Mobile, Sprint deal has more hurdles than AT&T, Time Warner, says Jefferies
A horizontal merger between T-Mobile (TMUS) and Sprint (S) poses more significant regulatory hurdles than the contested AT&T (T), Time Warner (TWX) deal does, Jefferies analyst Scott Goldman tells investors in a research note after the Wall Street Journal reported the two companies are again in merger talks. The analyst believes potential regulatory remedies could include meaningful spectrum divestitures. With that said, he thinks the combined company would create "meaningful accretion," with free cash flow per share nearly 30% higher in year three. Using multiple analysis, Goldman thinks T-Mobile shares could be worth more than $88 in a deal scenario. The stock closed yesterday up 3.4% to $63.13. Further, the analyst recommends buying the tower stocks on yesterday's selloff given his view of significant regulatory hurdles for a Sprint, T-Mobile deal. He has Buy ratings on American Tower (AMT), Crown Castle (CCI) and SBA Communications (SBAC).
04/17/18
PIVT
04/17/18
DOWNGRADE
Target $105
PIVT
Hold
Time Warner downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded Time Warner (TWX) to Hold and lowered his price target for the shares to $105 from $108. The stock's value is driven by current trading levels of AT&T (T) under a presumption that the sale of the company goes through, Wieser tells investors in a research note.

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MO

Altria Group

$61.83

-0.31 (-0.50%)

, BTI

British American Tobacco

$46.87

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BTI

British American Tobacco

$46.87

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PM

Philip Morris

$80.92

0.59 (0.73%)

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SNHY

Helios Technologies

$55.00

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ZG

Zillow

$43.78

-0.37 (-0.84%)

, Z

Zillow

$44.12

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GIB

CGI Group

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MTW

Manitowoc

$24.50

0.8 (3.38%)

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BRKR

Bruker

$34.89

0.01 (0.03%)

08:03
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PSMT

PriceSmart

$83.60

-0.9 (-1.07%)

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WFC

Wells Fargo

$55.23

0.73 (1.34%)

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RHT

Red Hat

$143.38

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BAC

Bank of America

$31.01

0.79 (2.61%)

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DRI

Darden

$117.90

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FBP

First BanCorp

$8.61

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Xoma

$16.05

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SQ

Square

$84.81

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NWL

Newell Brands

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WLH

William Lyon Homes

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CPA

Copa Holdings

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WHLR

Wheeler REIT

$4.18

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CAT

Caterpillar

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