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After Earnings, AT&T Remains A Favorite At Jefferies
Thursday, January 26, 2017 - 1:15pm | 274Read More...Jefferies retained its Buy rating on AT&T Inc. (NYSE: T) shares after the carrier reported an in-line earnings for its latest quarter as it added more smartphone customers even as the wireless market is saturating. Analyst Mike McCormack noted that the fourth-quarter results of AT&T...
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Competitive Pressures For Verizon 'Evident'
Friday, October 21, 2016 - 10:23am | 382Read More...Verizon Communications Inc. (NYSE: VZ)'s Q3 results confirmed the expectations of increased wireless competition, which is expected to continue into Q4 and maybe even beyond. Jefferies’ Mike McCormack maintains a Hold rating on the company with a price target of $53. Intensifying Competition...
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120 Billion Reasons Why AT&T May Need To Take Another Look At Time Warner
Friday, October 21, 2016 - 9:51am | 544Read More...Chatter of a merger between AT&T Inc. (NYSE: T) and Time Warner Inc (NYSE: TWX) helped boost Time Warner's stock to a new 52-week high of $86.75 on Thursday. However, a Bloomberg report suggested that Time Warner's investors should be hopeful of a deal, and there are 120 billion reasons why....
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2 Factors Likely To Influence AT&T's Q4
Tuesday, October 18, 2016 - 3:50pm | 330Read More...Jefferies expects AT&T Inc. (NYSE: T)’s fourth quarter to be impacted by NFL programming costs and the pending 2G shutdown. As such, the brokerage cut its fourth quarter and FY16 EPS estimates by $0.02 each to $0.63 and $2.82, respectively. “Based on our analysis, we believe...
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AT&T Management Talks iPhones And DirectTV
Wednesday, September 21, 2016 - 9:56am | 365Read More...Commenting on the meeting with AT&T Inc. (NYSE: T) management, Jefferies’ Mike McCormack said in a report that the focus was on the competitive environment following the Apple Inc. (NASDAQ: AAPL) iPhone 7 promotional offerings and DirecTV integration, among other topics. The analyst...
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T-Mobile's #GetThanked 'Unlikely To Move The Needle'
Tuesday, June 7, 2016 - 4:02pm | 173Read More...Both T-Mobile US Inc (NASDAQ: TMUS) shareholders and users got a surprise Monday: John Legere announced the #GetThanked initiative, a plan to deliver new user incentives. Jefferies analyst Mike McCormack offered his take on the initiatives. "Despite potential benefits to customer...
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Jefferies Says The 'Transition Continues' At Rackspace
Tuesday, May 10, 2016 - 9:59am | 245Read More...Rackspace Hosting, Inc. (NYSE: RAX) reported mixed 1Q results, with softer revenues, and better-than-expected profitability and free cash generation. Jefferies’ Mike McCormack maintained a Hold rating for the company, with a price target of $21, citing limited visibility into a possible...
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Jefferies Sees Secular Challenges Unlikely To Abate, Downgrades CenturyLink To Underperform
Thursday, March 17, 2016 - 11:13am | 271Read More...Jefferies’ Mike McCormack downgraded the rating for Centurylink Inc (NYSE: CTL) from Hold to Underperform, while reducing the price target from $25 to $24, mentioning that the secular challenges facing the company are unlikely to abate in the near future. Centurylink’s shares are up...
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Analysts See Lower Consensus For AT&T
Wednesday, March 11, 2015 - 4:24pm | 258Read More...AT&T Inc.'s (NYSE: T) consensus earnings estimates are likely to be revised downward in the wake of its recent first-quarter performance update, a couple of analysts said. The company closed Wednesday at $32.62, down $0.16. Given overly optimistic expectations regarding both revenue...
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Rackspace Hosting Rallies Despite Q1 Outlook
Wednesday, February 18, 2015 - 2:18pm | 339Read More...Rackspace Hosting, Inc. (NYSE: RAX) rallied Wednesday, touching a 52-week high after beating fourth-quarter expectations and posting a disappointing outlook. The cloud computing company traded down 5 percent in Tuesday's extended session, but turned around Wednesday, at one point spiking...
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Sprint Hits Year Low In Wake Of Aggressive Promo Plan
Tuesday, August 19, 2014 - 12:28pm | 156Read More...Sprint (NYSE: S) shares hit a 52-week low Tuesday in the wake of its plan to offer an aggressive pricing promotion. On Monday the company unveiled an offer of up to 10 lines, with 20GB of shared data and unlimited talk and text for $100 a month through 2015. "We expect a muted response...
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Jefferies Sees Encouraging Revenue Trends For Rackspace Hosting
Tuesday, August 12, 2014 - 11:05am | 106Read More...In a report published Tuesday, Jefferies analyst Mike McCormack reiterated a Hold rating and $35.00 price target on Rackspace Hosting (NYSE: RAX). In the report, Jefferies noted, “RAX beat on topline results, with installed base growth and new customer revenue topping estimates. The company appears...
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Jefferies Initiates on Tower Operators
Thursday, December 19, 2013 - 4:29pm | 404Read More...Jefferies analyst Mike McCormack published a report on U.S. Equity Research, specifically focusing on Telecom Services, Cable & Satellite. McCormack initiated tower operators including American Tower (NYSE: AMT), Crown Castle International (NYSE: CCI), and SBA Communications (NASDAQ: SBAC)....
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UPDATE: Nomura Downgrades Sprint Nextel to Neutral on Lack of Upside
Friday, June 7, 2013 - 11:21am | 153Read More...In a report published Friday, Nomura analyst Mike McCormack downgraded the rating on Sprint Nextel Corporation (NYSE: S) from Buy to Neutral, but reiterated the $7.50 price target. In the report, Nomura noted, “We are downgrading Sprint to Neutral but maintaining our estimates and $7.50 target...
