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The Zacks Analyst Blog Highlights: Sprint, Comcast, AT&T, Verizon Communications and DISH Network

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For Immediate Release

Chicago, IL - October 02, 2015 - 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 the Sprint Corp. ( S ), Comcast Corp. ( CMCSA ), AT&T Inc. ( T ), Verizon Communications Inc. ( VZ ) and DISH Network Corp. ( DISH ).

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Here are highlights from Thursday's Analyst Blog:

Telecom Stock Roundup

Last week, most of the telecom stocks lost their value. The devaluation was in line with the broader market (S&P 500) movement owing to serious concerns over global economic growth, specifically the continued meltdown in China. However, this did not keep the telecom sector from witnessing consequential activities.

Leading national telecom carrier Sprint Corp.'s ( S ) decision to not take part in the 600 MHz low-band spectrum auction to be conducted by the U.S. telecom regulator Federal Communications Commission (FCC) in early 2016, grabbed much attention. We believe, one of the reasons behind Sprint's decision is its weak financial condition. The company has been witnessing losses annually since 2007.

Also, last week, leading cable MSO (multi service operator) and media company, Comcast Corp. ( CMCSA ), came up with two important announcements. The company has launched a beta-trial run of its digital video platform - Watchable. Through this offering, Comcast plans to foray into the highly lucrative digital advertising market.

The full version of the service is likely to be made available by the end of fall this year. Moreover, Comcast revealed that its NBC Universal division is set to acquire a 51% stake in Osaka-based Universal Studios Japan, for $1.5 billion.

Meanwhile, U.S. telecom behemoth AT&T Inc. ( T ) recently declared that it expects to add more than 2 million net subscribers for its wireless operations in the third quarter-2015. Both postpaid and prepaid categories are likely to witness significant customers gain. AT&T also reaffirmed its forecast for full-year adjusted profit and revenue growth despite a $1.1 billion charge that the company might have to incur on account of DIRECTV's Venezuelan assets owing to exchange rate fluctuations in the country.

On the other hand, El Economista recently reported that Mexican telecom regulator - IFT -- is considering restricting AT&T from bidding for all of the 80 MHz of wireless spectrum across various Advanced Wireless Services (AWS) bands, scheduled to be auctioned in Jan 2016. Notably, the company has decided to invest $3 billion to expand high-speed mobile Internet network in Mexico.

Additionally, a recent report by The Wall Street Journal stated that U.S. telecom giant Verizon Communications Inc. ( VZ ) might soon strike an outright purchase or a leasing deal with DISH Network Corp. ( DISH ) for the latter's spectrum assets. Recently, at a Goldman Sachs investor conference, Verizon's CEO Lowell McAdam stated that the company has been in talks with DISH over some kind of arrangement pertaining to the latter's spectrum holdings.

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SPRINT CORP (S): Free Stock Analysis Report

COMCAST CORP A (CMCSA): Free Stock Analysis Report

AT&T INC (T): Free Stock Analysis Report

VERIZON COMM (VZ): Free Stock Analysis Report

DISH NETWORK CP (DISH): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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