3 Telecom Stocks Seeing Action: T-Mobile Gets Upgraded, AT&T Shows Up on BlackBerry’s Latest, and Sprint’s New Pool of Customers
T-Mobile US (NYSE:TMUS): Oppenheimer has upgraded T-Mobile to Perform from Underperform, citing the company’s valuation and the nearly complete first stage of its LTE network upgrades, which the firm believes could slow down its costs growth. The analyst also likes the fact that customer churn is down at the company, The Motley Fool says.
AT&T (NYSE:T): A leaked video of BlackBerry’s (NASDAQ:BBRY) Z30 smartphone — which is seemingly the same as the speculated A10 — has surfaces, bearing the AT&T globe logo on the back and driving rumors that the new smartphone from the Canadian manufacturer may soon be bound for America’s second largest wireless network.
Sprint Corp. (NYSE:S): Sprint has formed a partnership with Defense Mobile Corp., a carrier being launched to sell high-end phones and LTE capability to members of the armed services and their families, or roughly 51.6 million people. “When it launches in 2014, the service will be available to active-duty officers and enlisted personnel of the U.S. military, including those serving or honorably discharged from the Selected Reserve and federally recognized National Guard components of the U.S. Army, Air Force, Navy, Marine Corps and Coast Guard,” Sprint said in a release. ”Cadets/midshipmen at the U.S. service academies and families of active duty U.S military and veterans are also eligible.”