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VZ

Verizon

$58.71

0.15 (0.26%)

, T

AT&T

$32.10

-0.115 (-0.36%)

14:42
04/12/19
04/12
14:42
04/12/19
14:42

FCC announces steps to make millimeter wave spectrum available for 5G

The Federal Communications Commission announced actions that it said will make millimeter wave spectrum available for 5G, the Internet of Things, and other advanced spectrum-based services, including satellite broadband services, and "are building blocks of the nation's 5G future and will contribute to economic growth, job creation, and our nation's global competitiveness." The Fifth Report and Order adopted today takes two actions. First, the Commission adopted rules to allow Fixed-Satellite Service earth stations to be individually licensed to transmit in the 50 GHz spectrum band. This action will allow Fixed-Satellite Service operators to provide faster, more advanced services to their customers. Second, the Commission established a coordination process to accommodate the military's potential need for additional sites in the Upper 37 GHz band, while protecting the interests of non-Federal licensees in this band. The steps taken today are an integral step toward the auction of the Upper 37 GHz, 39 GHz and 47 GHz spectrum bands slated to begin later this year. Reference Link

VZ

Verizon

$58.71

0.15 (0.26%)

T

AT&T

$32.10

-0.115 (-0.36%)

TMUS

T-Mobile

$73.36

0.37 (0.51%)

S

Sprint

$6.10

0.1 (1.67%)

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    May

VZ Verizon
$58.71

0.15 (0.26%)

01/25/19
HSBC
01/25/19
DOWNGRADE
Target $24
HSBC
Reduce
Dish downgraded to Reduce from Hold at HSBC
HSBC analyst Sunil Rajgopal downgraded Dish (DISH) to Reduce from Hold and cut his price target on the shares to $24 from $38, advocating that investors choose "sturdy carriers" such as Verizon (VZ), T-Mobile (TMUS), AT&T (T) and Comcast (CMCSA). For 2019, Rajgopal expects more fragmentation in the content/pay-TV business as more players enter the OTT content market and he expects the pay TV base to shrink further.
01/29/19
01/29/19
DOWNGRADE

Hold
Adtran downgraded to Hold at Needham on margin pressure
As previously reported, Needham analyst Richard Valera downgraded Adtran to Hold from Buy, saying that while the company posted solid Q4 results, the quarter was aided "by the re- emergence of Telmex" and warns that its shift toward international business will results in "structurally lower margins" and limited earnings power. The analyst further notes that he had previously anticipated AT&T (T) and Verizon (VZ) deals as "potentially significant" North America revenue opportunities, but now sees "little confidence either of these programs will ramp substantially over the near to medium term." Valera adds that the recent bounce in Adtran stock has taken its price to within 10% of his prior target, justifying a neutral stance.
02/22/19
WELS
02/22/19
NO CHANGE
Target $65
WELS
Outperform
Verizon has network focus in its 'DNA,' says Wells Fargo
After attending Verizon's analyst day centered around the company's "very detailed 5G strategy," Wells Fargo analyst Jennifer Fritzsche noted that there were a lot of new faces on the stage compared to five years ago but she said the company "appreciates the network is THE # 1 focus" and "that network focus...is fully in this company's DNA it seems." The analyst, who favors the way Verizon is "doubling down on what it knows best," namely the network, left the meeting with confidence a 5G plan is in place. She keeps an Outperform rating on Verizon shares and raised her price target on the stock to $65 from $60.
02/22/19
MSCO
02/22/19
NO CHANGE
Target $58
MSCO
Equal Weight
5G financial impact won't be felt by Verizon until 2021/22, says Morgan Stanley
After attending Verizon's first analyst day in seven years, Morgan Stanley analyst Simon Flannery said the company provided "a lot of helpful material" on its 5G plans, but provided limited incremental information around deployment timelines or business models. The analyst, said it seems that the financial impact of 5G will not be felt by Verizon until the 2021/22 period, also said that it appears to him that operational momentum from 2018 is continuing into 2019. Flannery maintains an Equal Weight rating on Verizon with a $58 price target on the shares.
T AT&T
$32.10

-0.115 (-0.36%)

03/15/19
03/15/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Amazon.com (AMZN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Edward Yruma saying Amazon is taking a number of operational moves to improve profitability in core retail, which could drive mid-term earnings above current consensus estimates. 2. AT&T (T) upgraded to Outperform from Market Perform at Raymond James with analyst Frank Louthan saying AT&T shares trade at a relative discount and expects shares to be driven by positive earnings growth combined with a strong de-levering story. 3. Colfax (CFX) upgraded to Equal Weight from Underweight at Barclays with analyst Julian Mitchell saying he views the company's turnaround story as underappreciated. 4. Rent-A-Center (RCII) upgraded to Outperform from Market Perform at Raymond James with analyst Budd Bugatch citing the trial win regarding the terminated buyout with Vintage Capital and a strong fundamental outlook for the upgrade. 5. Global Net Lease (GNL) upgraded to Buy from Neutral at B. Riley FBR with analyst Bryan Maher citing the stock's attractive relative valuation as well as management's acquisition "acumen" for the upgrade to Buy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/19
JPMS
03/27/19
NO CHANGE
JPMS
Fundamentals across cable remain strong, says JPMorgan
Sustained household formation and wage growth, along with a pullback in promotional activity at AT&T (T), the main competitor to most multi-service operators, keeps fundamentals across cable strong, JPMorgan analyst Philip Cusick tells investors in a research note. In 2018, the U.S. added ~1.5m households for the second year in a row, "which sets up the wireline video and broadband ecosystems well in 2019," says the analyst. Altice USA (ATUS) and Charter Communications (CHTR) are both on the JPMorgan's Analyst Focus List, and Comcast (CMCSA) is Cusick's favorite mega-cap service provider. The analyst is "wary" of the multiple of Underweight-rated Cable One (CABO), but admits its operational momentum seems strong.
03/29/19
03/29/19
UPGRADE
Target $35

Buy
Viacom upgraded to Buy at Loop Capital on de-risked AT&T loss
As previously reported, Loop Capital analyst Alan Gould upgraded Viacom (VIAB) to Buy from Hold with a price target of $35. The analyst cites the company's loss of its biggest distributor AT&T (T) having been de-risked which, he believes, raises the likelihood of a Viacom merger with CBS (CBS). Gould adds that despite the renewed distribution deal with AT&T, investors can accumulate shares at a lower price than a few weeks ago, resulting in a "positive risk-reward" for Viacom.
04/05/19
04/05/19
UPGRADE
Target $36

Outperform
Viacom upgraded to Outperform from Sector Perform at RBC Capital
As previously reported, RBC Capital analyst Steven Cahall upgraded Viacom (VIAB) to Outperform from Sector Perform and raised his price target to $36 from $31, saying the company's "less contentious" than feared DirecTV (T) deal improves its standing and "paves the way toward merger talks" with CBS (CBS). The analyst sees an implied upside for Viacom stock at over 30% on the CBS deal prospects and believes that investors should own both to hedge the exchange ratio risk of the potential transaction.
TMUS T-Mobile
$73.36

0.37 (0.51%)

02/28/19
02/28/19
DOWNGRADE

Perform
American Tower downgraded to Perform on valuation at Oppenheimer
As previously reported, Oppenheimer analyst Timothy Horan downgraded American Tower (AMT) to Perform from Outperform on valuation. The analyst notes that the stock is up 19.5% since his wireless tower outlook published in early October, while Crown Castle (CCI) is up only 7.5%. While Horan acknowledges that American Tower's fundamentals are strong and the company is well positioned for growth, he believes there are near-term concerns. India churn brings volatility into the model, rising rates are a risk, as is the Spring (S)/T-Mobile (TMUS) merger and forex, he contends.
02/28/19
BTIG
02/28/19
NO CHANGE
Target $60
BTIG
Buy
SoftBank price target raised to $60 from $50 at BTIG
BTIG analyst Walter Piecyk raised his price target on SoftBank (SFTBY) to $60 and kept his Buy rating, citing his "better understanding" of the previously acquired ARM Holdings business which warrants a higher multiple. The analyst also sees a major catalyst coming in the "imminent decision" around Sprint (S) / T-Mobile (TMUS) deal, which could amount to additional $14 price target impact on Softbank shares.
02/12/19
KEYB
02/12/19
NO CHANGE
Target $195
KEYB
Overweight
SBA Communications price target raised to $195 from $183.97 at KeyBanc
KeyBanc analyst Brandon Nispel raised his price for SBA Communications (SBAC) to $195 from $183.97 and reiterated an Overweight rating on the shares. The analyst believes that if the T-Mobile (TMUS)/Sprint (S) merger goes through, 2020 should be another year of growth acceleration.
02/12/19
KEYB
02/12/19
NO CHANGE
Target $180
KEYB
Overweight
American Tower price target raised to $180 from $172.99 at KeyBanc
KeyBanc analyst Brandon Nispel raised his price for American Tower (AMT) to $180 from $172.99 and reiterated an Overweight rating on the shares. The analyst believes that if the T-Mobile (TMUS)/Sprint (S) merger goes through, 2020 should be another year of growth acceleration.
S Sprint
$6.10

0.1 (1.67%)

TODAY'S FREE FLY STORIES

YNDX

Yandex

$37.61

-0.17 (-0.45%)

08:23
04/25/19
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08:23
Earnings
Yandex reports Q1 EPS 16c, consensus 26c »

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LEN

Lennar

$52.63

0.17 (0.32%)

08:23
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Conference/Events
Lennar management to meet with KeyBanc »

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ASPS

Altisource

$23.68

-0.08 (-0.34%)

08:22
04/25/19
04/25
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08:22
Earnings
Altisource reports Q1 adjusted EPS 48c vs. 48c a year ago »

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FB

Facebook

$182.64

-1.13 (-0.61%)

08:21
04/25/19
04/25
08:21
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08:21
Recommendations
Facebook analyst commentary at Wedbush »

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$DJT

DJ Transportation Average

$0.00

(0.00%)

08:21
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Technical Analysis
DJ Transportation Average: Pivot points »

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UTL

Unitil

$54.18

0.43 (0.80%)

08:20
04/25/19
04/25
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Earnings
Unitil reports Q1 EPS $1.78 with items, consensus $1.25 »

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HMI

Huami

$11.05

-1.355 (-10.93%)

08:20
04/25/19
04/25
08:20
04/25/19
08:20
Syndicate
Huami 7.93M share Secondary priced at $9.75 »

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$DJU

DJ Utility Average

$0.00

(0.00%)

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Technical Analysis
DJ Utility Average: Pivot points »

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HSIC

Henry Schein

$64.15

0.92 (1.46%)

08:20
04/25/19
04/25
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08:20
Hot Stocks
Henry Schein, MindChild Medical announce distribution, supply agreement »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
04/25/19
04/25
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08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$199.53

1.71 (0.86%)

08:20
04/25/19
04/25
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Technical Analysis
iShares Transportation Average: Pivot points »

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XLK

Technology Select Sector SPDR

$78.88

0.03 (0.04%)

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Technical Analysis
Technology Select Sector SPDR: Pivot points »

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GOOGL

Alphabet Class A

$1,260.07

-10.53 (-0.83%)

08:19
04/25/19
04/25
08:19
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08:19
Recommendations
Alphabet Class A analyst commentary at Wedbush »

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08:19
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04/25
08:19
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Conference/Events
UBS leisure analyst to hold an analyst/industry conference call »

Leisure, Gaming &…

XLE

Energy Select Sector SPDR

$67.30

-1.24 (-1.81%)

08:19
04/25/19
04/25
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08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

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VLY

Valley National

$10.35

-0.01 (-0.10%)

08:19
04/25/19
04/25
08:19
04/25/19
08:19
Earnings
Valley National reports Q1 adj. EPS 22c, consensus 22c »

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XLY

Consumer Discretionary Sector SPDR

$120.35

0.11 (0.09%)

08:19
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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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ENTG

Entegris

$40.85

0.18 (0.44%)

08:19
04/25/19
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08:19
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08:19
Conference/Events
Entegris management to meet with Loop Capital »

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XLB

S&P Select Materials SPDR

$57.33

-0.34 (-0.59%)

08:19
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Technical Analysis
S&P Select Materials SPDR: Pivot points »

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

08:18
04/25/19
04/25
08:18
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08:18
Recommendations
Tesla analyst commentary at JMP Securities »

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XLU

Utilities SPDR

$57.78

0.34 (0.59%)

08:18
04/25/19
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Technical Analysis
Utilities SPDR: Pivot points »

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XLP

Consumer Staples Sector SPDR

$56.83

0.075 (0.13%)

08:18
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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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NOW

ServiceNow

$242.41

-1.085 (-0.45%)

08:18
04/25/19
04/25
08:18
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08:18
Recommendations
ServiceNow analyst commentary  »

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XLV

Health Care Select Sector SPDR

$87.22

-0.11 (-0.13%)

08:18
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Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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TPL

Texas Pacific Land Trust

$899.46

3.46 (0.39%)

08:18
04/25/19
04/25
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08:18
Hot Stocks
Mission Advisors urges Texas Pacific Land shareholders to vote for Donald Cook »

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