-
American Tower Plunging 10% On SEC Subpoena
Friday, June 3, 2011 - 9:15am | 68American Tower Corporation (NYSE: AMT) shares are plunging nearly 10% this morning after the company received a subpoena from the SEC regarding information on its tax accounting. The SEC is seeking documents from 2007 up until now. The company said intends to cooperate fully with the SEC with...
-
J.P. Morgan Maintains Overweight on Sprint Nextel
Friday, June 3, 2011 - 8:19am | 133J.P. Morgan is out with its report today on Sprint Nextel (NYSE: S), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We see Sprint as the stock in our universe with the largest potential upside due to its continued operational turnaround and opportunity to expand margins from...
-
Puts Purchased on American Tower Corporation
Thursday, June 2, 2011 - 10:34am | 139Shares of American Tower Corporation (NYSE: AMT) are higher on the session by 1.07%, currently trading at $54.71. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
-
Citi Maintains Buy on Sprint Nextel
Thursday, June 2, 2011 - 8:39am | 147Citi is out with its report today on Sprint Nextel (NYSE: S), maintaining Buy. In a note to clients, Citi writes, "We remain a Buyer of Sprint based on: 1) growing wireless revenue with rising Sprint-branded subscriptions; 2) improving its operating margins over time through Network Vision &...
-
Deutsche Bank Maintains Buy on Crown Castle
Thursday, June 2, 2011 - 7:52am | 130Deutsche Bank is out with its report today on Crown Castle (NYSE: CCI), maintaining Buy. In a note to clients, Deutsche Bank writes, "Year-to-date, Crown Castle has underperformed the S&P 500 by 12.5%, REITs by 16.3% and American Tower (NYSE: AMT) by 13.0%. As a result of this underperformance...
-
UPDATE: BAML Raising Price Target On American Tower Corp.
Thursday, June 2, 2011 - 7:26am | 191Bank of America Merrill Lynch is raising its price target on shares of American Tower Corp. (NYSE: AMT) to $65, and it has a Buy rating on shares as the company transforms into a REIT. In a note to clients, Bank of America Merrill Lynch writes, "REITs have a long history of valuation based on...
-
Bank of America Raises PO On American Tower To $65
Thursday, June 2, 2011 - 6:18am | 29Bank of America has raised the price objective on American Tower Corporation (NYSE: AMT) from $60 to $65 and maintains its Buy rating.
-
It's On: Sprint Asks U.S. Government to Block AT&T Purchase of T-Mobile
Wednesday, June 1, 2011 - 6:13am | 284Sprint Nextel (NYSE: S) has requested that the U.S. government block the $39 billion sale of T-Mobile USA to rival AT&T (NYSE: T), noting that it would harm competition. The deadline for initial responses to AT&T's application to purchase T-Mobile was Tuesday, and Sprint wrote strongly to...
-
UPDATE: Sprint Formally Requests FCC to Deny AT&T's Takeover of T-Mobile
Tuesday, May 31, 2011 - 3:14pm | 80Sprint (NYSE: S) announced today it has formally requested the Federal Communications Commission to block AT&T's (NYSE: T) proposed $39 billion takeover of T-Mobile USA, noting the Commission's responsibility to protect consumers and the industry against precisely the kind of anti-competitive...
-
Benzinga's Top Pre-Market NASDAQ Losers
Tuesday, May 31, 2011 - 8:27am | 148Avago Technologies Limited (NASDAQ: AVGO) dipped 3.11% to $33.92 in the pre-market session. AVGO reported the sale of 25,000,000 ordinary shares by certain existing shareholders to Deutsche Bank Securities Inc, Barclays Capital Inc and Citi. RF Micro Devices Inc (NASDAQ: RFMD) dropped 1.14% to $6....
-
FiberTower Corporation (NASDAQ:FTWR) – A Strong Surge!
Tuesday, May 31, 2011 - 7:40am | 448In searching for trading and investing opportunities I came across FiberTower Corporation (NASDAQ:FTWR) this morning. The above chart shows a hefty slide in the stock price over the past few months and recent lows of 80c or so were made. Then late last week, the stock price took off and the rally...
-
Deutsche Bank Has Buy On Sprint
Tuesday, May 31, 2011 - 7:25am | 135Deutsche Bank has a Buy rating and a $7 price target on shares of Sprint (NYSE: S). In a note to clients, Deutsche Bank writes, "The 3 key takeaways from our 120+ prepaid store checks in 2Q11 are: (1) strong demand at PCS and LEAP for smartphones, which require higher rate plans, is not slowing...
-
5 Stocks For The Champions League
Friday, May 27, 2011 - 1:19pm | 313This weekend, Manchester United and Barcelona will compete in the Champion's League Final to take the title Champion of Europe. Americans – this IS a big deal. Worldwide, this game is bigger than the Super Bowl. So take note. It's not a girl's game. It's not a child's game. Real grown men play...
-
Google, Square, and Banks Venture Into Mobile Payments, but Which Delivers Best Experience?
Friday, May 27, 2011 - 12:21pm | 552By Professor Pinch Recently, I got turned on to Rohit Bhargava. He has a book that will be coming out called Likeonomics.The premise is pretty simple. I took this straight off the Likeonomics website: Likeonomics is a term that explains the new affinity economy where the most likeable people,...
-
Puts Purchased on China Unicom Limited
Friday, May 27, 2011 - 11:29am | 136Shares of China Unicom Limited (NYSE: CHU) are higher on the session by 2.28%, currently trading at $21.51. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...