-
Vivo Participacoes Announces Public Tender Offer for Common Shares
Wednesday, February 16, 2011 - 3:16pm | 77The management of Vivo Participacoes S.A. (NYSE: VIV) announces that on February 16, 2011 the company submitted to the Securities and Exchange Commission the Form 6-K relating to the tender offer by SP Telecomunicacoes LTDA to purchase for cash solely in Brazil all outstanding shares of common...
-
Sprint Announces Extension of Cooperative Purchasing Agreement Valued at $360M
Wednesday, February 16, 2011 - 2:01pm | 85A national consortium of states has again selected Sprint (NYSE: S) as an approved wireless provider, extending the company's contract to serve as a supplier of wireless products and services to state and local governments across the nation for an additional year. The consortium -- Western States...
-
Benchmark Capital Raises Its PT On American Tower Ahead Of Earnings Release
Wednesday, February 16, 2011 - 12:03pm | 162An enhanced focus around wireless spectrum could accelerate tower demand via new networks. Tower valuation remains within the historical range with support from American Tower's (NYSE: AMT) planed conversion to a REIT next year. Benchmark Capital raise its AMT price target $10 to $65 per share....
-
Rogers Communications Reports Weaker-Than-Expected Q4 Earnings
Wednesday, February 16, 2011 - 8:05am | 56Rogers Communications (NYSE: RCI) reports its Q4 adjusted EPS at $0.64, versus the consensus of $0.68. RCI reports its Q4 revenue at $3.15 billion, versus the consensus of $3.13 billion. RCI shares fell 0.29% to $35.10 in after-hours trading. Read more from Benzinga's Company news.
-
Benchmark Raises PT on American Tower to $65 (AMT)
Tuesday, February 15, 2011 - 9:33am | 83Benchmark is out with its report today on American Tower (NYSE: AMT), raising its PT from $55 to $65. In a note to clients, Benchmark writes, "An enhanced focus around wireless spectrum could accelerate tower demand via new networks. Tower valuation remains within the historical range with support...
-
Benzinga's Top Downgrades (EXPE, S, CEPH, MU)
Friday, February 11, 2011 - 9:13am | 137Expedia Inc (NASDAQ: EXPE) was downgraded by BofA/Merrill from "buy" to "neutral." EXPE's shares closed at $25.69 yesterday. Expedia's trailing-twelve-month ROA is 6.80%. Sprint Nextel Corporation (NYSE: S) was downgraded by Goldman from "buy" to "neutral." Sprint Nextel's stock closed at $4.60...
-
News Summary
Thursday, February 10, 2011 - 10:33am | 226Shares of PepsiCo Inc (NYSE: PEP) fell about 1.1% after the company reported a 5% drop in its Q4 profit. PEP posted its quarterly earnings at $1.36 billion, or $0.85 per share, compared with $1.43 billion, or $0.90 per share, in the year-ago period. The company's core earnings came in at $1.05 per...
-
Gabelli Maintains Millicom International Cellular Buy (MICC)
Thursday, February 10, 2011 - 10:24am | 109Gabelli & Company maintained its Millicom International Cellular (NASDAQ: MICC) Buy rating in a research report published today. In the report, Gabelli states, "We believe that MICC's focus on higher value customers and emphasis on revenue growth over pure subscriber growth is appropriate....
-
Positive Postpaid Signs For Sprint Nextel, JP Morgan Maintains Overweight
Thursday, February 10, 2011 - 10:23am | 151JP Morgan has published a research report on Sprint Nextel (NYSE: S) after the company reported positive postpaid signs during its 4Q and margins that were better than anticipated. In the report, JP Morgan writes "Revs of $8.3b were better than our $8.1b, while consolidated EBITDA of $1.315b was...
-
J.P Morgan Comments On Clearwire's Plan To Abandon Retail
Thursday, February 10, 2011 - 8:42am | 217In 3Q10 81% of Clearwire's (NASDAQ: CLWR) service revenue came from retail. J.P Morgan expects this ratio to decline to <60% by 4Q11, but cutting off the existing retail base seems unlikely, certainly not before the company has more visibility on its smartphone revenue from Sprint. While J.P...
-
A Peek Into The Market Before The Trading Starts
Thursday, February 10, 2011 - 8:35am | 502Pre-open movers US stock futures are lower this morning, as investors are awaiting earnings reports from many companies. Futures on the Dow Jones Industrial Average fell 54 points to 12,153 and S&P 500 futures dropped 7.50 points at 1,312. Futures on the Nasdaq 100 index dipped 19.25 points to...
-
Sprint Nextel Reports Q4 EPS of $(0.31) vs. $(0.30)
Thursday, February 10, 2011 - 8:21am | 76Sprint Nextel Corp. (NYSE: S) today reported that during the fourth quarter of 2010, the company achieved its best total company wireless subscriber additions and net postpaid additions since the first and second quarters of 2006, respectively. Consolidated net operating revenues of $8.3 billion...
-
US Stock Futures Down As Investors Await Earnings Reports, Cisco Drops In Pre-Market Trading
Thursday, February 10, 2011 - 7:37am | 505US stock futures are lower this morning, as investors are awaiting earnings reports from many companies. Futures on the Dow Jones Industrial Average fell 49 points to 12,158.00 and S&P 500 futures dropped 7.90 points at 1,311.30. Futures on the Nasdaq 100 index dipped 21.75 points to 2,340.50...
-
Earnings Scheduled For February 10 (KFT, S, PEP, NBL, PM, GT, RNWK, WYNN, CEPH, EXPE, TAP)
Thursday, February 10, 2011 - 4:57am | 293Kraft Foods Inc (NYSE: KFT) is expected to post its earnings at $0.46 per share on revenue of $13.47 billion in fourth quarter. Sprint Nextel (NYSE: S) is expected to post a Q4 loss of $0.30 per share on revenue of $8.16 billion. PepsiCo (NYSE: PEP) is projected to report its Q4 EPS at $1.04 on...
-
Top 4 Large-Cap Stocks In The Wireless Communications Industry With The Lowest PEG Ratio (VIP, VIV, MBT, AMX)
Thursday, February 10, 2011 - 4:54am | 119Below are the top large-cap wireless communication stocks on the NYSE and the NASDAQ, in terms of PEG ratio VimpelCom Ltd (NYSE: VIP) has a PEG ratio of 0.30. VIP's trailing-twelve-month operating margin is 28.29%. Vivo Participacoes SA (NYSE: VIV) has a PEG ratio of 0.54. VIV's trailing-twelve-...