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The Zacks Analyst Blog Highlights: AT&T, Nextwave Wireless, Verizon Communications, Apple and Google

August 06, 2012 | Comments : 0 Recommended this article: (0)

T WAVE VZ AAPL GOOG

For Immediate Release

Chicago, IL – August 6, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include AT&T Inc. (T - Analyst Report), Nextwave Wireless Inc. (WAVE), Verizon Communications Inc. (VZ - Analyst Report), Apple Inc. (AAPL - Analyst Report) and Google Inc. (GOOG - Analyst Report).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s Analyst Blog:

AT&T to Buy Nextwave

AT&T Inc. (T - Analyst Report) will acquire Nextwave Wireless Inc. (WAVE), which holds unused Wireless Communications Service (WCS) spectrums to be used for broadband deployment. The company will pay $600 million in cash; the greater part of which will go towards paying off Nextwave’s debt.

The purchase of spectrum will boost AT&T’s capacity and provide services at a much higher speed, thereby driving data revenues and boosting its competitive position against its major rival Verizon Communications Inc. (VZ - Analyst Report). The growing popularity of Apple Inc.’s (AAPL - Analyst Report) iPhone and Google Inc.’s (GOOG - Analyst Report) Android-based smartphones, as well as online mobile video streaming, cloud computing and video conferencing services, is driving mobile data traffic by leaps and bounds.

Despite the significant investments made by AT&T in network upgrade and efficiency, data demand will likely outstrip supply in the short term, causing dropped connections, rising prices and lousy services.

The deal, pending approvals from various U.S. regulatory bodies, is expected to close by the end of the year. AT&T faced a bitter experience in acquiring spectrums last year after it failed to acquire T-Mobile USA. The company’s hope of becoming the largest U.S. wireless carrier was shattered when the deal was unsuccessful.

We are currently maintaining our long-term Neutral recommendation on AT&T. The stock retains a Zacks #3 (Hold) Rank for the short term (1–3 months).

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

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