Sprint’s Rating Lowered to Neutral and 4 Telecom Titans Attracting Interest

AT&T, Inc. (NYSE:T): Current Price: $34.08

On Friday, the company’s shares ended lower by $0.10 (or -0.29%) to $34.27 with over 27.07 million shares exchanging hands for the session, versus its average volume of 25.83 million shares. The company possesses a market capitalization of $194.65 billion with price range within $29.02 and $38.58 over the past 52 weeks.

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Sprint Nextel Corp. (NYSE:S): Current Price: $5.67

UBS reduced the company’s rating to Neutral from Buy, and it decided to keep its price target at $6 a share. According to analysts, they expect the firm’s proposed acquisition of Clearwire Corp. to close although it faces uncertainty, but Sprint will “remain range bound in the near term given our expectations for lower Q4 profitability.”

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Level 3 Communications Inc. (NASDAQ:LVLT): Current Price: $23.49

Level 3 Communications B.V. is an affiliate of Level 3 Communications, and it has announced that the company signed a contract with the NATO Communications and Information Agency, or NCIA, to both install and maintain an IP Virtual Private Network that is able to be used by the NATO-Russia Council Cooperative Airspace Initiative, or NRC CAI. This initiative is intended to enhance airspace transparency between NATO and Russia, identify any suspicious aircraft activities, and provide early warnings via monitoring NATO-Russian airspace. As part of the project, the Level 3 network is to connect a range of NATO monitoring facilities and enable real-time display and observation of commercial airspace activities.

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Alcatel-Lucent, S.A. (NYSE:ALU): Current Price: $1.68

France Telecom (NYSE:FTE) CEO Stephane Richard has stated that the company expressed interested in principle through the purchase of Alcatel Submarine Networks, Alcatel-Lucent’s (NYSE:ALU) subsea cables business, according to Reuters. Richard has stated that “for the moment it hasn’t gone any further”. The executive adds that France Telecom is preparing for a “difficult” year.

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Clearwire Corporation (NASDAQ:CLWR): Current Price: $3.17

DISH’s (NASDAQ:DISH) bid for the acquisition of Clearwire has the potential to prompt an offer for Dish itself from AT&T (NYSE:T) or DirecTV (NASDAQ:DTV), according to the Wall Street Journal. TMF Associates consultant Tim Farrar has stated that a deal for Clearwire has the potential to make a Dish acquisition less attractive and therefore, could potentially force companies to ‘move sooner.’

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Investing Insights: Sprint Can’t Escape Drama.