Morning Technical Insight on These Telecom Services Stocks -- AT&T, CenturyLink, Verizon Communications, and Pareteum
NEW YORK, Dec. 19, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on T, CTL, VZ, and TEUM which is a click away at www.wallstequities.com/registration. Financial services company Seeking Alpha reported that the Telecom Services sector ranked seventh out of the 11 sectors in its Q4 2017 Sector Ratings for ETFs and Mutual Funds report. Last quarter, the sector ranked ninth. The Company gave it a "Neutral" rating, which is based on an aggregation of ratings of six ETFs and nine mutual funds. In today's pre-market research, WallStEquities.com presents for assessment four companies in the Domestic Telecom Services space: AT&T Inc. (NYSE: T), CenturyLink Inc. (NYSE: CTL), Verizon Communications Inc. (NYSE: VZ), and Pareteum Corp. (NYSE AMER: TEUM). In its free research reports, Wall St. Equities offers timely insights on these equities at: www.wallstequities.com/registration
AT&T Inc.
Dallas, Texas-based AT&T Inc.'s shares rose 0.58%, finishing Monday's trading session at $38.46. A total volume of 31.49 million shares was traded. In the last month and the previous three months, the stock has advanced 11.41% and 0.65%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 8.57% and 1.28%, respectively. Moreover, shares of AT&T, which provides telecommunications and digital entertainment services, have a Relative Strength Index (RSI) of 69.50.
On December 15th, 2017, AT&T's Board of Directors has approved a 2.0% increase in the Company's quarterly dividend. This quarterly dividend will increase from $0.49 to $0.50 per share. The annual dividend will increase from $1.96 to $2.00 per share. The dividend is payable on February 01st, 2018, to stockholders of record at the close of business on January 10th, 2018. Today's daily Complimentary report on T is accessible at: www.wallstequities.com/registration/?symbol=T
CenturyLink
On Monday, shares in Monroe, Louisiana-based CenturyLink Inc. recorded a trading volume of 26.30 million shares, which was above their three months average volume of 15.58 million shares. The stock ended the session 4.47% higher at $17.75. The Company's shares have gained 20.34% in the last one month. The stock is trading 6.49% above its 50-day moving average. Furthermore, shares of CenturyLink have an RSI of 65.89.
On December 11th, 2017, CenturyLink has signed a five-year contract with the Commonwealth of Pennsylvania to provide data networking products to the Commonwealth's agencies, commissions, councils, bureaus, authorities, and boards. As part of the terms of the contract, the Company is collaborating with Comcast Business to provide high-performance network services and last mile connectivity to end users. This is another phase in service delivery associated with the contract award announced in September.
On December 15th, 2017, research firm Barclays upgraded the Company's stock rating from 'Underweight' to 'Equal Weight', with a target price of $16 per share. To experience our free membership services anytime/ anywhere and access the free report on CTL, click to register at: www.wallstequities.com/registration/?symbol=CTL
Verizon Communications
Shares in New York headquartered Verizon Communications Inc. closed at $53.25, climbing 1.10% from the last trading session. The stock recorded a trading volume of 15.87 million shares. The Company's shares have gained 18.94% in the last one month and 7.92% over the previous three months. The stock is trading 9.96% and 11.98% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Verizon have an RSI of 70.78.
On December 14th, 2017, research firm HSBC Securities downgraded the Company's stock rating from 'Buy' to 'Hold'.
On December 14th, 2017, Verizon Communications (VZ) completed its $225 million purchase of fiber-optic network assets serving the Chicago market from WideOpenWest, Inc. The transaction is part of the former's effort to scale and accelerate deployment of next-generation broadband services. The transaction secures fiber to more than 500 VZ macro-cell wireless sites and more than 500 VZ small-cell wireless sites in the Chicago area. Join our big investor community at Wall St. Equities today and start so with your free report on VZ at: www.wallstequities.com/registration/?symbol=VZ
Pareteum
New York-based Pareteum Corp.'s stock ended 89.87% higher at $1.50. A total volume of 46.43 million shares was traded, which was above their three months average volume of 2.51 million shares. The Company's shares have surged 80.72% in the last one month and 44.23% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 52.34% and 59.80%, respectively. Furthermore, shares of Pareteum have an RSI of 73.42.
On December 12th, 2017, Pareteum announced that it has already commenced initial deployments of 'Connections' for the China-focused MVNO that was awarded in late November. This three-year, $1 million contract enables the MVNO's China-based subscribers to connect and transact on their mobile devices anywhere in the world. Know more about TEUM in our free research coverage at: www.wallstequities.com/registration/?symbol=TEUM
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