Telecommunications
Altice USA stock sinks after tough third quarter earnings
Igor Golovniov | Lightrocket | Getty Images Altice USA‘s shares dropped more than 20% and trading in the stock was briefly halted Thursday, after the company posted a weak earnings report. The company, which provides broadband, cable-TV, wireless and phone services, saw its shares sink following Wednesday’s earnings report that net income and revenue fell […]
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Raymond James upgrades AT&T to strong buy, says telecom giant can surge 40%
AT & T ‘s prospects keep getting better, according to Raymond James. Analyst Frank G. Louthan upgraded shares of AT & T to strong buy from outperform, saying the telecommunications company’s return to its core business has improved the stock. “We believe this stronger rating is appropriate given AT & T’s simpler story is starting […]
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U.S. satellite giant Viasat’s $7.3 billion takeover of British isles rival Inmarsat faces in-depth competitors probe
The places of work of satellite operator Inmarsat in central London. Leon Neal | AFP | Getty Photographs The U.K.’s opposition regulator released an in-depth probe into American satellite world wide web business Viasat’s $7.3 billion deal to purchase British rival Inmarsat. The Competitiveness and Markets Authority on Friday referred the takeover for a so-identified […]
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United kingdom extends deadline to take away Huawei from 5G networks right after 1 carrier warned of outages
An picture of a girl holding a cell cellular phone in front of a Huawei brand displayed on a laptop display. Canada on Thursday mentioned it strategies to ban the use of China’s Huawei Technologies and ZTE 5G gearto secure countrywide protection, joining the rest of the so-named 5 Eyes intelligence-sharing network. Artur Widak | […]
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Verizon looks attractive after years of underperformance, Oppenheimer says in upgrade
Oppenheimer thinks Verizon finally looks attractive after years of underperformance, noting the stock could surge more than 25% from here. Analyst Timothy Horan upgraded Verizon to outperform from perform. The analyst also slapped a price target of $50 on the stock. Verizon shares rose 1.5% in the premarket. “The catalyst is what we anticipate will […]
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SpaceX and T-Mobile group up to use Starlink satellites to ‘end cell dead zones’
T-Cellular CEO Mike Sievert and SpaceX founder Elon Musk announce partnership ideas on Aug. 25, 2022. Screenshot SpaceX founder Elon Musk and T-Cell CEO Mike Sievert mentioned that their providers are doing work to “conclude cell dead zones,” and will start a new cell assistance enabled by Starlink second-technology satellites and T-Mobile bandwidth. Starlink is […]
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MoffettNathanson downgrades Verizon to underperform as wireless landscape gets tougher
Increased competition among wireless providers is set to pressure Verizon shares, according to MoffettNathanson The firm slashed its rating on the company to underperform and lowered its price target to $41 from $55. The new target implies downside of more than 9% from where shares closed Wednesday. Part of the reason for the downgrade is […]
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Rogers network outage across Canada hit banks, businesses and consumers
Rogers headquarters in Toronto, Ontario, Canada, on Friday, Oct. 22, 2021. Cole Burston | Bloomberg | Getty Images Canada’s Rogers Communications said on Friday it was working to resolve its network issues that have caused widespread disruptions affecting banks, police and consumers across the country. “We are aware of issues currently affecting our networks and our […]
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Why one stock brokerage is bullish on Reliance Industries and Infosys
India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunications conglomerate, has been making a lot of small acquisitions and is “very aggressive” in converting companies into digital businesses, said Shrikant Chouhan, executive vice president […]
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French billionaire’s stake in BT probed under Britain’s tough new security law
Altice founder Patrick Drahi, left, and co-founder Armando Pereira pose for photos outside the New York Stock Exchange, before the company’s IPO, Thursday, June 22, 2017. Richard Drew | AP The U.K. has launched probes into two major technology deals under its new National Security and Investment Act as it moves to protect its most […]
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