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TMUS

T-Mobile

$60.53

0.16 (0.27%)

, S

Sprint

$5.56

0.01 (0.18%)

12:03
06/19/18
06/19
12:03
06/19/18
12:03

T-Mobile, Sprint officially file merger plans with FCC

T-Mobile US (TMUS) and Sprint (S) have informed the FCC that they intend to file applications seeking Commission approval to transfer control to T-Mobile of the licenses and authorizations held by Sprint and its wholly-owned and controlled subsidiaries. If approved, Deutsche Telekom AG (DTEGY) will be the single largest shareholder and will control the new company.

TMUS

T-Mobile

$60.53

0.16 (0.27%)

S

Sprint

$5.56

0.01 (0.18%)

DTEGY

Deutsche Telekom

$0.00

(0.00%)

TMUS T-Mobile
$60.53

0.16 (0.27%)

06/19/18
DBAB
06/19/18
UPGRADE
Target $56
DBAB
Buy
Deutsche sees 23% total return potential in Verizon, upgrades shares to Buy
Deutsche Bank analyst Matthew Niknam upgraded Verizon Communications (VZ) to Buy from Hold with an unchanged price target of $56. The stock closed yesterday down 59c to $47.46. Following a heightened wave of aggressive competitive activity in recent years, wireless fundamentals are "meaningfully improving," Niknam tells investors in a research note. Industry pricing has stabilized, competitive intensity has moderated, and the industry's two biggest disruptors, T-Mobile (TMUS) and Sprint (S), have announced plans to merge, the analyst contends. He expects Verizon's Q2 results to reflect a return to normalized service revenue growth year-over-year for the first time since late 2014. The analyst also sees "upside optionality" for Verizon shares from 5G and Oath. Despite inflecting fundamentals and this optionality, Verizon continues to trade at a discounted valuation, Niknam says. He sees 18% upside from current share levels along with a 5% dividend yield, representing total return potential of 23%.
05/22/18
SBSH
05/22/18
NO CHANGE
SBSH
Buy
T-Mobile can rally over 50% with Sprint deal, 39% without, says Citi
Citi analyst Michael Rollins believes the 11% pullback in shares of T-Mobile (TMUS) since the Sprint (S) merger was announced has created a buying opportunity. The analyst continues to believe T-Mobile shares can trade higher over the next 12 months in either a deal or no deal scenario with upside potential of 51% and 39%, respectively. He believes expectations are low and keeps a Buy rating on T-Mobile.
05/08/18
RHCO
05/08/18
NO CHANGE
Target $5.5
RHCO
Hold
Sprint price target lowered to $5.50 at SunTrust
SunTrust analyst Greg Miller lowered his price target on Sprint (S) to $5.50 from $6.50 after its mixed Q4 results, with disappointing ARPU and higher capital expenditures weighing on EBITDA guidance. The analyst expects the perception around Sprint's proposed merger with T-Mobile (TMUS) to dominate investor sentiment amid an "increasingly competitive market", but sees little chance of the passage due to regulatory concerns in spite of Sprint's "targeted pitch around 5G and China that could well resonate with regulators and politicians". Miller keeps a Hold rating on Sprint.
05/03/18
STFL
05/03/18
NO CHANGE
STFL
Stifel says Alaska, JetBlue may be targets if 'Big 4' think they can consolidate
Stifel analyst Joseph DeNardi said in a note to investors prior to the open that the proposed merger of Sprint (S) and T-Mobile (TMUS), and the related approval process, is the first major test of the Trump administration's view on consolidation. Depending on how this case plays out, management teams at the "Big 4" airlines would have significant interest in acquiring Alaska Air (ALK) or JetBlue (JBLU) if they think they could be successful in doing so, he contends. He believes the current consensus in the industry is that Alaska will serve as buyer and consolidator within its segment, but should the Big 4 believe that they could be permitted to be buyers, the M&A outlook would likely change, DeNardi tells investors.
S Sprint
$5.56

0.01 (0.18%)

06/05/18
06/05/18
NO CHANGE

Qualcomm announces joint effort with Sprint to offer unlimited data
Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a joint effort with Sprint (S) for Sprint to offer its customers free unlimited data in 2018 with AutoPay on Qualcomm Snapdragon Always Connected PCs from Asus, HP and Lenovo. Consumers expect an always-connected computing experience, and this offer is set to change the way people work, create and play on mobile PC devices as the ultrathin and 2-in-1 device category grows.
06/13/18
RAJA
06/13/18
UPGRADE
RAJA
Outperform
Sprint upgraded to Outperform from Market Perform at Raymond James
06/13/18
06/13/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Sprint (S) upgraded to Outperform from Market Perform at Raymond James. 2. ASML (ASML) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mitch Steves citing his positive view of the company's EUV lithography system deployment in 2019, adding that its operating margins will also likely be safe despite the higher related spending. 3. Eagle Materials (EXP) upgraded to Buy from Neutral at Northcoast. 4. Signature Bank (SBNY) upgraded to Overweight from Neutral at Piper Jaffray with analyst Matthew Breese saying despite the stock's 8% decline year-to-date, he views the company's fundamentals as improved based on management commentary and a recent uptick in New York City multi-family transaction data. 5. Telefonica Brasil (VIV) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Cesar Medina saying he now prefers the stock over Tim Participacoes (TSU). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DTEGY Deutsche Telekom
$0.00

(0.00%)

03/06/18
MSCO
03/06/18
UPGRADE
MSCO
Overweight
Deutsche Telekom upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley analyst Emmet Kelly upgraded Deutsche Telekom to Overweight with a price target of EUR 16.50. The analyst is positive on the company's earnings growth prospects in Germany.
03/05/18
LEHM
03/05/18
DOWNGRADE
LEHM
Equal Weight
Deutsche Telekom downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Mathieu Robilliard downgraded Deutsche Telekom (DTEGY) to Equal Weight and lowered his price target for the shares to EUR 16 from EUR 18.50. Guidance suggests a lower than expected pace of cost cutting together with higher capex in Germany, Robilliard tells investors in a research note. The analyst sees better value in Vodafone (VOD).
11/06/17
SBSH
11/06/17
NO CHANGE
Target $75
SBSH
Buy
Citi trims T-Mobile, Sprint targets after merger talks cease
Citi analyst Michael Rollins lowered his price target for Buy-rated T-Mobile (TMUS) to $75 from $77 and for Neutral-rated Sprint (S) to $7.50 from $9.00 after the companies ceased talks to merge. He sees T-Mobile as "very comfortable" with its operating momentum and improving financial position and SoftBank (SFTBY) and Sprint (S) taking a more aggressive posture to pursue strategic partners. The analyst would not be surprised if SoftBank and Deutsche Telekom (DTEGY) revisit the merger talks in 6-12 months should Sprint and T-Mobile not find compelling strategic partners. Further, Rollins expects tower stocks like American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI) to trade higher on expectations for greater capital expenditures now that the merger talks are over.
09/26/17
JEFF
09/26/17
NO CHANGE
JEFF
Buy
T-Mobile shares could be worth over $90 with Sprint deal, says Jefferies
A merger between T-Mobile (TMUS) and Sprint (S) would make for a much stronger number three player in wireless and bring "massive" synergies, but regulatory approval, while not out of the question, remains uncertain, Jefferies analyst Mike McCormack tells investors in a research note. The analyst's initial pro forma analysis, which assumes an all-stock transaction at current market prices and synergies ramping to a $4.5B run rate in year three, suggests T-Mobile could be worth more than $90 per share in a deal scenario, or 43% above the current price. The stock closed yesterday down $1.17 to $62.89. McCormack also continues to see "significant value" in T-Mobile on a standalone basis. He has a Buy rating on the shares with an $80 price target.

TODAY'S FREE FLY STORIES

UAL

United Continental

$83.34

-2.27 (-2.65%)

, JBLU

JetBlue

$17.36

-0.24 (-1.36%)

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United Continental

$83.34

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JBLU

JetBlue

$17.36

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AAL

American Airlines

$32.75

-1.21 (-3.56%)

LUV

Southwest

$50.54

-1.04 (-2.02%)

DAL

Delta Air Lines

$47.10

-1 (-2.08%)

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PLL

Piedmont Lithium

$7.60

(0.00%)

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GSBC

Great Southern Bancorp

$49.85

-0.7 (-1.38%)

19:34
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Earnings
Great Southern Bancorp reports preliminary Q4 EPS $1.21, consensus $1.12 »

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BAYRY

Bayer

$0.00

(0.00%)

19:08
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19:08
Periodicals
Bayer requests that CA judge limit evidence in Roundup trial, Reuters says »

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BLK

BlackRock

$413.28

-6.01 (-1.43%)

19:07
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BlackRock CEO sells 30.8K shares of common stock »

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EHTH

eHealth

$45.38

-0.85 (-1.84%)

, ARAY

Accuray

$3.97

0.09 (2.32%)

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EHTH

eHealth

$45.38

-0.85 (-1.84%)

ARAY

Accuray

$3.97

0.09 (2.32%)

NAVI

Navient

$10.87

-0.05 (-0.46%)

IBM

IBM

$122.34

-1.49 (-1.20%)

CNMD

Conmed

$66.62

-0.03 (-0.05%)

PUMP

ProPetro Holding

$14.96

-0.49 (-3.17%)

AMTD

TD Ameritrade

$54.96

-0.38 (-0.69%)

TBNK

Territorial Bancorp

$26.90

-0.26 (-0.96%)

APHA

Aphria

$7.07

0.41 (6.16%)

TSE

Trinseo

$48.54

-2.78 (-5.42%)

COF

Capital One

$83.38

-1.62 (-1.91%)

QUOT

Quotient Technology

$10.99

-0.55 (-4.77%)

IBKR

Interactive Brokers

$51.92

-2.82 (-5.15%)

PTCT

PTC Therapeutics

$33.08

-1.245 (-3.63%)

03/08/13
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APHA

Aphria

$7.07

0.41 (6.16%)

18:55
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LOGI

Logitech

$33.69

0.24 (0.72%)

18:42
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01/22
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Logitech CEO says 'we had a very strong quarter' »

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  • 22

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WBA

Walgreens Boots Alliance

$71.59

-0.81 (-1.12%)

18:39
01/22/19
01/22
18:39
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18:39
Periodicals
Walgreens to pay $269.2M to resolve U.S. fraud suits, Reuters reports »

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  • 25

    Jan

SMBC

Southern Missouri Bancorp

$32.22

-0.29 (-0.89%)

18:35
01/22/19
01/22
18:35
01/22/19
18:35
Earnings
Southern Missouri Bancorp sees Q2 adjusted EPS 81c, consensus 72c »

Southern Missouri…

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Z

Zillow

$31.41

-2.52 (-7.43%)

18:32
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Zillow's StreetEasy unveils new Listing Tools platform »

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VIA

Viacom

$32.44

-0.71 (-2.14%)

, VIAB

Viacom

$29.22

-0.87 (-2.89%)

18:25
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Viacom to acquire Pluto TV for $340M in cash »

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VIA

Viacom

$32.44

-0.71 (-2.14%)

VIAB

Viacom

$29.22

-0.87 (-2.89%)

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GOOG

Alphabet

$1,070.72

-27.53 (-2.51%)

, GOOGL

Alphabet Class A

$1,078.68

-28.24 (-2.55%)

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GOOG

Alphabet

$1,070.72

-27.53 (-2.51%)

GOOGL

Alphabet Class A

$1,078.68

-28.24 (-2.55%)

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VIA

Viacom

$32.44

-0.71 (-2.14%)

, VIAB

Viacom

$29.22

-0.87 (-2.89%)

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Periodicals
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VIA

Viacom

$32.44

-0.71 (-2.14%)

VIAB

Viacom

$29.22

-0.87 (-2.89%)

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AZZ

AZZ Inc.

$45.09

-0.67 (-1.46%)

18:13
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Earnings
AZZ Inc. sees FY20 EPS $2.25-$2.75, consensus $2.54 »

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TSLA

Tesla

$298.80

-3.46 (-1.14%)

18:13
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  • 30

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NCOM

National Commerce

$39.07

-0.03 (-0.08%)

18:01
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Earnings
National Commerce reports Q4 EPS 51c, consensus 68c »

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IBM

IBM

$122.34

-1.49 (-1.20%)

18:01
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IBM says Red Hat acquisition will help accelerate leadership in hybrid cloud »

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UAL

United Continental

$83.34

-2.27 (-2.65%)

17:57
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Periodicals
United Continental says FAA initiated ground stop for all Newark traffic 

Reported by Bloomberg.

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  • 04

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AQMS

Aqua Metals

$2.16

0.07 (3.35%)

17:55
01/22/19
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Aqua Metals director Shariq Yosufzai buys 10,000 shares of company stock »

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DKS

Dick's Sporting

$33.87

-0.375 (-1.10%)

17:50
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  • 03

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BA

Boeing

$357.91

-6.88 (-1.89%)

, LLL

L3 Technologies

$178.72

-4.63 (-2.53%)

17:50
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Boeing, Leidos and more to compete for CMMARS orders with $12.6B ceiling »

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BA

Boeing

$357.91

-6.88 (-1.89%)

LLL

L3 Technologies

$178.72

-4.63 (-2.53%)

LDOS

Leidos

$56.13

-0.78 (-1.37%)

NOC

Northrop Grumman

$264.70

-2.84 (-1.06%)

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ATXI

Avenue Therapeutics

$6.35

-0.14 (-2.16%)

17:45
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17:45
Hot Stocks
Opaleye Management takes 5.16% passive stake in Avenue Therapeutics »

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UCFC

United Community Financial

$9.14

(0.00%)

17:44
01/22/19
01/22
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01/22/19
17:44
Earnings
United Community Financial reports Q4 EPS 19c, consensus 20c »

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  • 23

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FMBI

First Midwest

$21.88

-0.21 (-0.95%)

17:39
01/22/19
01/22
17:39
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17:39
Earnings
First Midwest reports Q4 adjusted EPS 48c, consensus 47c »

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