3 Telecom Stocks Seeing Action: AT&T’s Potential Acquisition, Sprint’s New Gear, T-Mobile Ships iPhones
AT&T Inc. (NYSE:T): UBS believes that AT&T could acquire the remaining assets of Vodafone in 2014, once the Verizon Wireless holdings sale is completed. The analyst says a Vodafone acquisition would be accretive, but reaction in AT&T shares could be muted or negative. The firm rates AT&T at Neutral with a $36 price target.
Sprint Corp. (NYSE:S): Sprint announced that its new Galaxy Note 3 and Galaxy Gear smart watch will be available starting on October 4. They come equipped with Sprint’s “data for life” plan, by which the devices are guaranteed to have access to Sprint’s LTE network for the duration of their lifetime. However, no mentions to the price are made, so consumers are not locked in to any given price plan.
T-Mobile US (NYSE:TMUS): Some customers who wanted to purchase Apple’s (NASDAQ:AAPL) iPhone 5S with T-Mobile found themselves in a bit of pinch this weekend when T-Mobile store representatives found themselves understocked — some smaller stores did not receive any shipments of the product at all. Telling customers to purchase the product online instead, some buyers feared they would be unable to receive their new phone for quite some time. However, T-Mobile announced that it will be shipping out the phones so that they will arrive by September 30.