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S

Sprint

$6.14

-0.07 (-1.13%)

, TMUS

T-Mobile

$67.86

-0.59 (-0.86%)

11:50
11/14/18
11/14
11:50
11/14/18
11:50

THE FCC commences auction of first block of mmWave 5G spectrum

The Federal Communications Commission will commence its first-ever high-band 5G spectrum auction.This morning, bidding will begin on spectrum in the 28 GHz band, which will be followed by bidding for spectrum in the 24 GHz band. The FCC is making 1.55 gigahertz of spectrum available through these two auctions. These auctions will be followed by a 2019 auction of three more millimeter-wave spectrum bands-37 GHz, 39 GHz, and 47 GHz. FCC Chairman Ajit Pai issued the following statement: "Today's spectrum auction shows that America is continuing to lead the world in 5G, the next generation of wireless connectivity. These airwaves will be critical in deploying 5G services and applications. And we're not stopping there. Between the auctions this year and next, the FCC will push almost 5 gigahertz of spectrum into the commercial marketplace over the course of the next 15 months. To put that in perspective, that is more spectrum than is currently used for terrestrial mobile broadband by all wireless service providers combined."We will continue to pursue an aggressive spectrum strategy, a key component-along with wireless infrastructure deployment and regulatory modernization-of the FCC's plan to Facilitate America's Superiority in 5G Technology. The 5G FAST plan is critical to boosting economic growth, job creation, and America's global competitiveness, and we'll continue to execute on this important national priority." Publicly traded companies in the space include Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon (VZ). Reference Link

S

Sprint

$6.14

-0.07 (-1.13%)

TMUS

T-Mobile

$67.86

-0.59 (-0.86%)

VZ

Verizon

$58.46

-0.21 (-0.36%)

USM

U.S. Cellular

$53.82

-0.09 (-0.17%)

  • 14

    Nov

  • 14

    Nov

  • 26

    Nov

  • 04

    Dec

S Sprint
$6.14

-0.07 (-1.13%)

09/13/18
RILY
09/13/18
INITIATION
Target $46
RILY
Buy
Shenandoah initiated with a Buy at B. Riley FBR
B. Riley FBR analyst Zack Silver started Shenandoah Telecommunications (SHEN) with a Buy rating and $46 price target. The analyst sees the company benefiting from the merger between Sprint (S) and T-Mobile (TMUS).
09/25/18
OPCO
09/25/18
NO CHANGE
Target $24
OPCO
Outperform
CenturyLink CFO departure raises concerns, says Oppenheimer
Oppenheimer analyst Timothy Horan notes CenturyLink (CTL) has announced that CFO Sunit Patel will depart as of September 28th to join T-Mobile (TMUS) to lead the Sprint (S)/T-Mobile merger and integration efforts. The analyst expects weakness in CenturyLink's stock, as investors will likely be concerned with synergy realization after Patel's departure. While Horan says his departure is disappointing, he believes CenturyLink has a deep management bench, and Jeff Storey, CEO, will continue to be the driving force behind restructuring and expense reductions at the company. He reiterates an Outperform rating and $24 price target on the shares.
10/15/18
CHLM
10/15/18
INITIATION
Target $62
CHLM
Buy
pdvWireless initiated with a Buy at Craig-Hallum
Craig-Hallum analyst George Sutton started pdvWireless (PDVW) with a Buy rating and $62 price target. The analyst believes upcoming FCC action is set to "dramatically" increase the value o its spectrum assets. Sutton notes that in 2014 the company made a $100M bet, namely they acquired largely dormant 900 MHz spectrum assets from Sprint (S). Following years of behind the scenes actions by pdvWireless, this bet is finally set to pay off in a big way because the FCC appears ready to reallocate a portion of the 900 MHz band from narrow-band to broadband use, he contends.
10/19/18
WELS
10/19/18
NO CHANGE
WELS
Outperform
Wells Fargo raises odds of T-Mobile-Sprint deal closing to 65%-70%
After meeting with some of her regulatory contacts in DC, Wells Fargo analyst Jennifer Fritzsche said her checks indicate that the regulatory review for T-Mobile's (TMUS) planned merger with Sprint (S) "remains fairly drama free thus far." The FCC review appears to be continuing to proceed as expected, while most contacts she spoke with indicated there does not seem to be any "chatter" coming out of DOJ, Fritzsche tells investors. Following the talks, she is increasing her view of the odds of the deal closing to 65%-70%. Fritzsche has an Outperform rating on T-Mobile and Market Perform rating on Sprint.
TMUS T-Mobile
$67.86

-0.59 (-0.86%)

10/29/18
WELS
10/29/18
NO CHANGE
Target $82
WELS
Outperform
T-Mobile price target raised to $82 from $77 at Wells Fargo
Wells Fargo analyst Jennifer Fritzsche raised her price target for T-Mobile (TMUS) to $82 from $77 as she is incrementally more positive on the shares into Q3. The analyst expects T-Mobile's subscriber momentum to continue in Q3, as it will likely lead the industry again in postpaid net adds and top-line growth. In addition, his recent DC checks make her more confident that the Sprint (S)-T-Mobile merger will be approved. As a result, Fritzsche is raising her probability of deal approval to 70% from 60% prior. The analyst reiterates an Outperform rating on T-Mobile's shares.
11/01/18
GUGG
11/01/18
INITIATION
Target $8.5
GUGG
Buy
T-Mobile initiated with a Buy at Guggenheim
Guggenheim initiated T-Mobile with a Buy and $8.50 price target.
11/01/18
11/01/18
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. Tesla (TSLA) initiated with a Neutral at Roth Capital. 2. T-Mobile (TMUS) initiated with a Buy at Guggenheim. 3. Kosmos (KOS) initiated with a Buy at Berenberg. 4. Sellas Life Sciences (SLS) initiated with an Outperform at Oppenheimer. 5. OFS Credit (OCCI) initiated with a Buy at Ladenburg. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
VZ Verizon
$58.46

-0.21 (-0.36%)

10/24/18
RHCO
10/24/18
NO CHANGE
Target $61
RHCO
Buy
Verizon price target raised to $61 from $58 at SunTrust
SunTrust analyst Greg Miller raised his price target on Verizon to $61 and kept his Buy rating after its "solid" Q3 results. The analyst notes that its core wireless operations were "solid", modestly outperforming expectations and making up for the weakness in the company's smaller wireline and Oath segments. Miller is also positive on the management's capital deployment and 5G upgrade cycle investment.
10/19/18
ROTH
10/19/18
NO CHANGE
Target $3
ROTH
Buy
Roth Capital sees Digital Turbine powering Verizon pre-installs of Netflix app
Roth Capital analyst Darren Aftahi said he believes Digital Turbine's (APPS) software is powering Verizon's (VZ) pre-installations of the Netflix (NFLX) app on Android phones, which he noted the streaming service partially attributed for its solid domestic subscriber add performance in Q3. The success Netflix has seen has the potential to expand to other carriers and markets and provide a tailwind for Digital Turbine, said Aftahi, who keeps a Buy rating and $3 price target on the shares.
10/23/18
MOFT
10/23/18
NO CHANGE
MOFT
Verizon more or less fairly valued, says MoffettNathanson
10/23/18
GUGG
10/23/18
INITIATION
Target $59
GUGG
Buy
Verizon assumed with a Buy at Guggenheim
Guggenheim analyst Mike McCormack assumed coverage of Verizon Communications with a Buy rating and unchanged price target of $59. The rating is unchanged from the prior analyst's coverage.
USM U.S. Cellular
$53.82

-0.09 (-0.17%)

07/11/18
JPMS
07/11/18
DOWNGRADE
Target $40
JPMS
Underweight
U.S. Cellular downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Philip Cusick downgraded U.S. Cellular to Underweight and lowered his price target for the shares to $40 from $42. The analyst questions the company's strategic value "in a world that will be increasingly focused on 5G services over time." He believes U.S. Cellular could have "substantial value" in a sale but feels the controlling family has no interest in selling. Cusick is using the stock's recent rally to downgrade the name to Underweight.
07/11/18
JPMS
07/11/18
DOWNGRADE
Target $30
JPMS
Underweight
Telephone and Data downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Philip Cusick downgraded Telephone and Data Systems to Underweight and lowered his price target for the shares to $30 from $32. The analyst cites the recent rally in the stock for his downgrade to Underweight. He also downgraded U.S. Cellular (USM) to Underweight.
07/11/18
07/11/18
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. Steven Madden (SHOO) downgraded to Neutral from Outperform at Wedbush with analyst Christopher Svezia citing valuation. 2. Jazz Pharmaceuticals (JAZZ) downgraded to Equal Weight at Morgan Stanley with analyst David Risinger saying he believes potential M&A could add new growth drivers and diversify Jazz from Xyrem, which is expected to represent about 70% of its FY18 revenue, but Risinger also thinks investors already anticipate action on that front. 3. U.S. Cellular (USM) and Telephone and Data (TDS) were downgraded to Underweight from Neutral at JPMorgan. 4. Hess Corp. (HES) downgraded to Underweight from Equal Weight at Barclays with analyst Paul Cheng saying his analysis indicates Hess trades at the "steepest premium" in the group. 5. Westlake Chemical (WLK) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov saying he expects softer demand to weigh on cyclical stocks and reduced his estimates for seven names in the Americas Chemicals space. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/02/18
RAJA
05/02/18
UPGRADE
RAJA
Outperform
U.S. Cellular upgraded to Outperform from Market Perform at Raymond James

TODAY'S FREE FLY STORIES

HRL

Hormel Foods

$40.93

0.04 (0.10%)

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BJ's Wholesale

$22.41

0.785 (3.63%)

14:57
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14:57
Earnings
Notable companies reporting before tomorrow's open »

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Hormel Foods

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BJ's Wholesale

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0.785 (3.63%)

DKS

Dick's Sporting

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Synopsys

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1.55 (1.19%)

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Splunk

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14:56
08/21/19
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Earnings
Notable companies reporting after market close »

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Splunk

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KEYS

Keysight Technologies

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ZAYO

Zayo Group

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JWN

Nordstrom

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1.16 (4.62%)

PSTG

Pure Storage

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AKTS

Akoustis

$6.70

0.21 (3.24%)

14:54
08/21/19
08/21
14:54
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14:54
Conference/Events
Akoustis Technologies to hold a business news update conference call »

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Craft Brew

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AB InBev

$95.87

0.87 (0.92%)

14:52
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14:52
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14:52
On The Fly
Before the Move: Watch Craft Brew ahead of AB InBev offer deadline »

According to their 2016…

BREW

Craft Brew

$12.69

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BUD

AB InBev

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JWN

Nordstrom

$26.29

1.16 (4.62%)

14:49
08/21/19
08/21
14:49
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14:49
Options
Nordstrom options imply 18.9% move in share price post-earnings »

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SPY

SPDR S&P 500 ETF Trust

$292.44

2.41 (0.83%)

, SPX

S&P 500

$0.00

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14:46
08/21/19
08/21
14:46
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14:46
General News
Fed minutes show July rate cut to help keep growth, insure against low inflation »

According to the minutes…

SPY

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SMH

Market Vectors Semiconductor

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1.16 (1.02%)

IWM

iShares Trust Russell 2000 Index Fund

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AXL

American Axle

$6.75

0.1 (1.50%)

14:45
08/21/19
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14:45
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14:45
Options
American Axle call volume above normal and directionally bullish »

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GILD

Gilead

$63.93

0.47 (0.74%)

14:41
08/21/19
08/21
14:41
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14:41
Hot Stocks
Gilead says submitted petitions to USPTO requesting review of HHS patents »

Gilead announced that it…

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14:40
08/21/19
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14:40
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14:40
General news
Treasury Action: there was scant movement in the markets »

Treasury Action: there…

AEP

American Electric

$91.13

0.38 (0.42%)

14:36
08/21/19
08/21
14:36
08/21/19
14:36
Hot Stocks
American Electric seeks proposals for several coal types »

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APU

AmeriGas

$31.21

-0.82 (-2.56%)

, UGI

UGI Corporation

$48.95

0.45 (0.93%)

14:32
08/21/19
08/21
14:32
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14:32
Hot Stocks
AmeriGas unitholders approve merger with UGI Corporation »

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APU

AmeriGas

$31.21

-0.82 (-2.56%)

UGI

UGI Corporation

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GOOG

Alphabet

$1,192.55

9.12 (0.77%)

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Alphabet Class A

$1,193.00

8.74 (0.74%)

14:31
08/21/19
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14:31
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14:31
Periodicals
Google DeepMind's Suleyman placed on leave, Bloomberg reports »

Mustafa Suleyman,…

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Alphabet

$1,192.55

9.12 (0.77%)

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Alphabet Class A

$1,193.00

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OIH

Oil Services Holders Trust

$11.64

0.04 (0.34%)

14:30
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Options
Delta neutral put sale in Oil Services ETF appears to take gains »

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JMIA

Jumia Technologies

$12.54

-2.15 (-14.64%)

14:18
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On The Fly
Citron target Jumia plunges as improper orders on platform put under review »

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$NSD

NASDAQ Market Internals

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14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

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NYSE Market Internals

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14:16
08/21/19
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14:16
Technical Analysis
NYSE market internals summary »

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14:15
08/21/19
08/21
14:15
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14:15
General news
FOMC minutes didn't provide strong clues on the direction of rates »

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14:15
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14:15
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14:15
General news
FX Action: The dollar »

FX Action: The dollar…

WYND

Wyndham Destinations

$42.79

0.21 (0.49%)

14:11
08/21/19
08/21
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14:11
Hot Stocks
Wyndham Destinations to add 140 jobs in Orlando expansion »

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SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

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S&P 500

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14:04
08/21/19
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General news
Fed minutes show 'couple of participants' would have preferred 50 bps rate cut »

The minutes for the…

SPY

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VLKAY

Symbol is now VWAGY

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, POAHY

Porsche

$0.00

(0.00%)

14:03
08/21/19
08/21
14:03
08/21/19
14:03
Hot Stocks
Porsche acquires minority stake in Israeli startup TriEye »

Volkswagen's (VLKAY)…

VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

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Porsche

$0.00

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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

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S&P 500

$0.00

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14:02
08/21/19
08/21
14:02
08/21/19
14:02
General news
Fed minutes show July rate cut viewed by 'most' on FOMC as 'recalibration' »

The minutes for the…

SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

SPX

S&P 500

$0.00

(0.00%)

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PFE

Pfizer

$35.06

0.44 (1.27%)

14:01
08/21/19
08/21
14:01
08/21/19
14:01
Hot Stocks
Pfizer says FDA grants XTANDI application priority review »

Astellas Pharma and…

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TGT

Target

$102.13

16.555 (19.35%)

13:52
08/21/19
08/21
13:52
08/21/19
13:52
Recommendations
Target analyst commentary at Baird »

Target price target…

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JMIA

Jumia Technologies

$12.43

-2.26 (-15.38%)

13:47
08/21/19
08/21
13:47
08/21/19
13:47
Recommendations
Jumia Technologies analyst commentary at Stifel »

Jumia's report…

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  • 21

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