We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AT&T (T) Invests Almost $550M, Enhances Local Networks
Read MoreHide Full Article
In an effort to strengthen its local networks in Arkansas, AT&T Inc. (T - Free Report) has invested almost $550 million in wireless and wired networks in the state during 2015-2017. Notably, these investments of the company helped in enhancing the coverage, speed and overall performance of its mobile network for residents, and businesses. These also helped meet the network requirements of the first responders for safety and security of Arkansas’ residents.
Also, the company is looking to form a partnership with Los Angeles, CA, for the deployment of Smart Cities Solutions across the city. Per the public-private partnership, AT&T and the city will work together for the extensive deployment of AT&T's Internet of Things (IoT) technology as well as small cells. This will help solve local issues such as public safety and traffic, and ensure natural-disaster preparedness. Notably, the partnership will focus on deploying small cells more rapidly, which will boost the existing voice and data capacity in Los Angeles. As a matter of fact, this will facilitate the launch of 5G network.
Notably, the company, along with the city, is exploring various Smart Cities Solutions like digital kiosks, structural monitoring and digital infrastructure for deployment. The deployment across all neighbourhoods will improve the connectivity across the city. In addition, the company is looking to offer FirstNet services to the LA Police Department and LA Fire Department. Notably, the FirstNet Project is the first dedicated nationwide wireless network for first responders, which is likely to drive AT&T’s prospects in the future. AT&T and the First Responder Network Authority (FirstNet) revealed the inclusion of 50 states, five U.S. territories and Washington DC in the FirstNet Project.
Also, AT&T recently announced the deployment of Aira Service in more than 5,300 of its retail locations across the United States. This will offer people belonging to blind and low-vision group access to free use of Aira's service at all AT&T’s retail and authorized retail stores. As part of its plan of 5G deployment in a dozen cities in 2018, the company recently announced its decision to launch mobile 5G service in certain areas of five cities — Houston, Jacksonville, Louisville, New Orleans and San Antonio — this year.
Our Take
AT&T is gearing up to launch the first standard-based 5G services to consumers in multiple U.S. markets by the end of 2018. The company has been working hard since 2017 to lay the foundation for mobile 5G network. Notably, completion of 3rd Generation Partnership Project’s first implementable 5G new radio (NR) specification has set the stage for the global mobile industry to start full-scale development of 5G NR for large-scale trials and commercial deployments in 2019. This offers a competitive advantage to AT&T.
In the past month, shares of this Zacks Rank #2 (Buy) company have returned 3.6% compared with 2.0% growth recorded by the industry. Moreover, the company has completed the acquisition of Time Warner for $85 billion. With assets like HBO, CNN and TNT, the deal will allow the power packed combination of AT&T’s data and Time Warner’s content to create new kinds of online videos and sell targeted advertisements to counter stiff competition.
Telenav has surpassed estimates in each of the trailing four quarters, with an average positive earnings surprise of 3.72%.
United States Cellular has outpaced estimates thrice in the preceding four quarters, with an average earnings surprise of 303.56%.
Windstream Holdings has surpassed estimates twice in the trailing four quarters, with an average positive earnings surprise of 23.50%.
Today's Stocks From Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
AT&T (T) Invests Almost $550M, Enhances Local Networks
In an effort to strengthen its local networks in Arkansas, AT&T Inc. (T - Free Report) has invested almost $550 million in wireless and wired networks in the state during 2015-2017. Notably, these investments of the company helped in enhancing the coverage, speed and overall performance of its mobile network for residents, and businesses. These also helped meet the network requirements of the first responders for safety and security of Arkansas’ residents.
Also, the company is looking to form a partnership with Los Angeles, CA, for the deployment of Smart Cities Solutions across the city. Per the public-private partnership, AT&T and the city will work together for the extensive deployment of AT&T's Internet of Things (IoT) technology as well as small cells. This will help solve local issues such as public safety and traffic, and ensure natural-disaster preparedness. Notably, the partnership will focus on deploying small cells more rapidly, which will boost the existing voice and data capacity in Los Angeles. As a matter of fact, this will facilitate the launch of 5G network.
Notably, the company, along with the city, is exploring various Smart Cities Solutions like digital kiosks, structural monitoring and digital infrastructure for deployment. The deployment across all neighbourhoods will improve the connectivity across the city. In addition, the company is looking to offer FirstNet services to the LA Police Department and LA Fire Department. Notably, the FirstNet Project is the first dedicated nationwide wireless network for first responders, which is likely to drive AT&T’s prospects in the future. AT&T and the First Responder Network Authority (FirstNet) revealed the inclusion of 50 states, five U.S. territories and Washington DC in the FirstNet Project.
Also, AT&T recently announced the deployment of Aira Service in more than 5,300 of its retail locations across the United States. This will offer people belonging to blind and low-vision group access to free use of Aira's service at all AT&T’s retail and authorized retail stores. As part of its plan of 5G deployment in a dozen cities in 2018, the company recently announced its decision to launch mobile 5G service in certain areas of five cities — Houston, Jacksonville, Louisville, New Orleans and San Antonio — this year.
Our Take
AT&T is gearing up to launch the first standard-based 5G services to consumers in multiple U.S. markets by the end of 2018. The company has been working hard since 2017 to lay the foundation for mobile 5G network. Notably, completion of 3rd Generation Partnership Project’s first implementable 5G new radio (NR) specification has set the stage for the global mobile industry to start full-scale development of 5G NR for large-scale trials and commercial deployments in 2019. This offers a competitive advantage to AT&T.
In the past month, shares of this Zacks Rank #2 (Buy) company have returned 3.6% compared with 2.0% growth recorded by the industry. Moreover, the company has completed the acquisition of Time Warner for $85 billion. With assets like HBO, CNN and TNT, the deal will allow the power packed combination of AT&T’s data and Time Warner’s content to create new kinds of online videos and sell targeted advertisements to counter stiff competition.
Other Stocks to Consider
Some other top-ranked stocks in the industry are Telenav, Inc. , United States Cellular Corporation (USM - Free Report) and Windstream Holdings, Inc. . All these companies carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Telenav has surpassed estimates in each of the trailing four quarters, with an average positive earnings surprise of 3.72%.
United States Cellular has outpaced estimates thrice in the preceding four quarters, with an average earnings surprise of 303.56%.
Windstream Holdings has surpassed estimates twice in the trailing four quarters, with an average positive earnings surprise of 23.50%.
Today's Stocks From Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>