3 Telecom Stocks Seeing Action: T-Mobile Gets a Boost, Verizon’s CBS Deal, and AT&T’s Suprise for GoPhone Subs
T-Mobile US (NYSE:TMUS): T-Mobile’s second-quarter results “were outstanding … the disruptive ‘Uncarrier’ strategy likely has started yielding positive results,” said Jeffries analyst Thomas Seitz in a bullish note to investors. Seitz upped his price target on the company to $28 from $25 and reiterated a Buy rating.
Verizon Wireless (NYSE:VZ): More on the Verizon-CBS deal: CBS Chief Executive Officer Les Moonves said to Variety that the broadcaster obtained “fair value for our over-the-air rights, while preserving our streaming rights as well.” CBS, using Verizon as a conduit, is trying to show Time Warner Cable that its terms are not as ridiculous as Time Warner is implying.
AT&T (NYSE:T): GoPhone users may be getting a perk from AT&T, which will reportedly be offering refurbished iPhone 3GS models to the program’s prepaid subscribers. Mac Rumors surmises that the unit would run less than $300 since the iPhone 4 goes for $325, and notes that the 3GS — launched in 2009 — won’t support iOS 7 upon its debut this fall.