AT&T and Verizon Stocks Are Out of Favor. That’s a Buying Opportunity, Citi Says.

Investors have been down on AT&T and Verizon Communications stock this year amid fears over lead-cable contamination, wireless competition and slowing industry growth.AT&T and Verizon could offer a turnaround story if the costs of cleaning up lead-wrapped cables turn out to be less than feared and competition among wireless telecom providers stabilizes.

Verizon shares were up 1.3% at $33.55 in premarket trading on Tuesday. AT&T shares were up 1.8% at $14.21. “Market caps for the Telcos with possible [lead-wrapped cable] exposure are down $21 billion vs. an estimated $15 billion cost of remediation based on latest disclosures and our estimates,” Rollins wrote.

“Industry postpaid phone growth is on pace to exceed our prior expectations and consensus, which is a surprise,” Rollins said. “The business segment seems to be performing better than feared as the level of layoffs seem to be subsiding.”

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

3M, Hawaiian Electric stocks surge, NovoCure shares plunge and other stocks on the moveShares of 3M, XPeng and other Chinese shares were among the most actively traded ahead of Monday's market open.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

These Stocks Are Moving the Most Today: NIO, AT&T, Heico, 3M, Oracle, Best Buy, and MoreNIO's results miss estimates, AT&T and Verizon stocks are upgraded, Heico falls after its earnings report, and 3M's board has approved a $6 billion earplugs...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

China stocks climb after authorities attempt to lure investors with stock tax cut, other movesChina officials kicked off a new week with moves to get investors back in the beaten-down stock market.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Stock Market News Today: Dow, S&P 500 Open Higher; 3M, Hawaiian Electric Stocks in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »