AT&T Inc. (T - Free Report) recently announced that it has completed the renewal of a multi-year deal with Fox Networks Group for distribution of most of the latter’s programming across AT&T's video platforms.
The deal involves retransmission agreement for Fox TV stations in 17 cities as well as 22 Fox-owned regional sports networks. Notably, it also covers channels like FS1, FS2, FX, FXX, FXM, Nat Geo Wild along with the Fox Soccer Plus pay-per-view service among others. As a matter of fact, the multi-year deal will ensure the availability of Fox Networks’ programming across AT&T’s DirecTV, DIRECTNOW and U-Verse video platforms. This will enable the company to offer more choice as well as greater value to customers.
Existing Business Scenario
AT&T is ramping up its FirstNet program and revamping its lineup of video products, pricing and promotion initiatives. Also, the company remains well poised to benefit from the 5G era, introducing 5G mobile in parts of 12 cities by the year end. With assets like HBO, CNN and TNT, AT&T's acquisition of Time Warner has created new kinds of online videos and opened up avenues for targeted advertisements to counter its peers.
Moreover, with strength in the Wireless business and incremental contribution from WarnerMedia assets, the company is poised to continue its healthy growth momentum.
However, in the past three months, this Zacks Rank #3 (Hold) stock has lost 8.5% against 0.9% growth recorded by the industry. Also, the company’s wireline division is struggling with persistent losses in access lines as a result of competitive pressure from voice-over-Internet protocol service providers and aggressive triple-play (voice, data, video) offerings by the cable companies.
Key Picks
Some better-ranked stocks in the industry are United States Cellular Corporation (USM - Free Report) , Gogo Inc. (GOGO - Free Report) and Telenav, Inc. . While United States Cellular sports a Zacks Rank #1 (Strong Buy), Gogo and Telenav carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
United States Cellular surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 108.11%.
Gogo outpaced estimates thrice in the preceding four quarters, the average earnings surprise being 25.87%.
Telenav surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 12.03%.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
AT&T Inc. (T - Free Report) recently announced that it has completed the renewal of a multi-year deal with Fox Networks Group for distribution of most of the latter’s programming across AT&T's video platforms.
The deal involves retransmission agreement for Fox TV stations in 17 cities as well as 22 Fox-owned regional sports networks. Notably, it also covers channels like FS1, FS2, FX, FXX, FXM, Nat Geo Wild along with the Fox Soccer Plus pay-per-view service among others. As a matter of fact, the multi-year deal will ensure the availability of Fox Networks’ programming across AT&T’s DirecTV, DIRECTNOW and U-Verse video platforms. This will enable the company to offer more choice as well as greater value to customers.
Existing Business Scenario
AT&T is ramping up its FirstNet program and revamping its lineup of video products, pricing and promotion initiatives. Also, the company remains well poised to benefit from the 5G era, introducing 5G mobile in parts of 12 cities by the year end. With assets like HBO, CNN and TNT, AT&T's acquisition of Time Warner has created new kinds of online videos and opened up avenues for targeted advertisements to counter its peers.
Moreover, with strength in the Wireless business and incremental contribution from WarnerMedia assets, the company is poised to continue its healthy growth momentum.
However, in the past three months, this Zacks Rank #3 (Hold) stock has lost 8.5% against 0.9% growth recorded by the industry. Also, the company’s wireline division is struggling with persistent losses in access lines as a result of competitive pressure from voice-over-Internet protocol service providers and aggressive triple-play (voice, data, video) offerings by the cable companies.
Key Picks
Some better-ranked stocks in the industry are United States Cellular Corporation (USM - Free Report) , Gogo Inc. (GOGO - Free Report) and Telenav, Inc. . While United States Cellular sports a Zacks Rank #1 (Strong Buy), Gogo and Telenav carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
United States Cellular surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 108.11%.
Gogo outpaced estimates thrice in the preceding four quarters, the average earnings surprise being 25.87%.
Telenav surpassed estimates in each of the trailing four quarters, the average positive earnings surprise being 12.03%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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