3 Telecom Stocks Seeing Action: Sprint Gets the Goldman Treatment, Verizon Goes Underground, and AT&T Parts with Al Jazeera
Sprint (NYSE:S): Goldman Sachs said recent strength in Sprint has been partially due to Softbank purchases and that further purchases may be limited. The firm reiterates its Sell rating and expects the focus to return to Sprint’s challenging free cash flow and operating outlook as well as premium valuation.
Verizon Wireless (NYSE:VZ): Verizon will soon be joining Sprint and other big carriers beneath the city streets of New York as it plans to have service in 36 subway station locations by the end of the year. “The stations are already up and running for the other wireless providers,” The Verge reports, ”so it’s just a matter of Verizon installing the necessary hardware.”
AT&T (NYSE:T): AT&T U-Verse has dropped Al Jazeera from its content offerings as of Monday. ”We dropped the Current TV channel and will not carry Al Jazeera America on U-Verse due to contract disputes,” AT&T spokesman Mark Siegel told TheWrap. “We could not reach an agreement with the owner that we believed provided value for our customers and our business.”