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Globe and Mail
13-03-2025
- Business
- Globe and Mail
Why Verizon, AT&T, and T-Mobile Stocks All Bounced Back Today
Telecom stocks were in a funk earlier this week, with shares of Verizon (NYSE: VZ), AT&T (NYSE: T), and T-Mobile (NASDAQ: TMUS) all tumbling on Tuesday, after comments from Verizon chief revenue officer Frank Boulben, given at a Deutsche Bank Media, Internet & Telecom Conference, caused telecommunications sectors to freak out just a little bit. Given a few days to digest the news, however, investors seem to have concluded today that things aren't quite as bleak as they seem. As of 11 a.m. ET, all three stocks are bouncing back, with Verizon gaining 1.8%, AT&T up 1.9%, and T-Mobile doing best of all with a 2.5% gain. How Verizon spooked the market As Reuters reported Tuesday, Verizon exec Boulben commented that Verizon is trying to ratchet back promotional activity to shore up its profits, but some of its rivals are going in the other direction, leading to "elevated ... competitive intensity" and more price competition in the sector (read: a price war). Verizon warned that this could lead to "soft" wireless subscriber growth for it in Q1 2025. Industry analysts were quick to chime in, predicting that mobile subscriber growth seems to be slowing in general, and warning that if telecoms focus too much on stealing customers from each other, rather than growing the market and adding value generally, this won't be great for profits. And of course, continuing worries about the effects of President Trump's tariffs didn't help matters. Worries subside It's hard to see how raising tariffs on physical goods imports into the U.S., however, is going to have too much of an effect upon U.S. providers of wireless phone services. While tariffs might raise the cost of importing new phones for subscribers, they can presumably use their existing phones just as easily -- and spend the same amount of time talking, texting, and surfing the internet with them, for that matter, all of which generates revenue for AT&T, Verizon, and T-Mobile just the same as before. At the same time, inflation worries seem to be subsiding, with the most recent inflation report coming in cooler than expected, and today's Bureau of Labor Statistics producer price index was flat against January. Investors may also be weighing the potential for new forms of telecommunications services, notably direct-to-cell satellite communications from companies such as SpaceX Starlink and AST SpaceMobile, to help grow the telecom business generally. The easier it is to use cellphones, after all, the more likely people are going to be to use them, and to pay for them. And with their plans to use satellites to eliminate cellphone dead zones, Starlink and AST are making this easier than ever before. Make the call: Which telecom stock would you buy? All that really leaves us to do, therefore, as investors, is decide: Which telecom stock should I buy? Are any of them bargains? Let's take a quick look at the numbers: Price-to-Earnings Five-Year Projected Growth Rate Dividend Yield Net Debt AT&T 16.9 1.2% 4.3% $142.5 billion T-Mobile 25.8 20.3% 1.4% $109.5 billion Verizon 10.2 2% 6.4% $167.5 billion Data source: S&P Global Market Intelligence Crunching the numbers, AT&T stands out as probably the most overvalued telecom stock. While expected to outgrow Verizon slightly, AT&T pays an inferior dividend yield and costs significantly more than Verizon. That leaves investors with two stocks to choose from. If you're more of a growth investor, T-Mobile will probably appeal to you more with its superior projected growth rate offsetting its relatively high valuation. More conservative, value-oriented and income-desiring investors, on the other hand, may find the cheap P/E ratio and generous dividend yield at Verizon more attractive. Either way, I have to say that investors who are buying back these stocks today appear to have noticed something sooner than the rest of us: Telecom stocks, as a group, are not overpriced after all. In fact, whether you're a growth investor, a value investor, or a dividend investor, there's very likely a "right" telecom stock for you. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $300,143!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,138!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $495,976!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon. Continue » *Stock Advisor returns as of March 10, 2025
Yahoo
11-03-2025
- Business
- Yahoo
Fox News' massive growth sustainable under Trump, Fox Corporation COO says
Fox Corporation President and COO John Nallen touted FOX News Media's linear and digital success on Monday, predicting that recent growth is sustainable as President Donald Trump continues to produce a stunning amount of news. "You look at Q3 to date, we're up 50 percent in viewing from where we were a year ago. If you look at January as an example, we were second to NBC in primetime weekday. February, we were second to CBS. So, in many ways, Fox News is the fifth broadcast network now when you look at competition on a primetime basis," Nallen said at Deutsche Bank's annual Media, Internet & Telecom Conference in Palm Beach, Florida. Nallen's remarks echoed recent comments by FOX Corporation Executive Chair and CEO Lachlan Murdoch, who reminded investors earlier this month that Fox News Channel regularly outdraws free broadcast networks despite being on cable, particularly during primetime on weekdays. Over 10 Million Viewers Watched Fox News' Inauguration Coverage, Crushing All Other Networks "From a competitive standpoint, we're really looking to the broadcast market more than we're looking to the cable market just because of those kind of statistics that we have," Nallen said. "But a lot of advertisers have come to the FOX News Media platforms, particularly since the election, the inauguration. Just by way of example, across pharma, auto and travel, we have nine of the top 10 advertisers in America on Fox News. Across retail and financial, eight of the top 10 are on Fox News," he continued. "So, it's a complete sea change from where we were certainly 24 months ago, the rate of viewing is in Fox News. And I just think it continues." Read On The Fox News App Fox News Digital Crushes All News Brands During January, Finishes With Third Best Month Ever In Key Metric Fox News Channel obliterated competitors in 2024, finishing the year with its highest share of the cable news audience since 2015. The network has finished No. 1 in cable news among both total day and primetime viewers for 23 years in a row. Fox News Channel also started 2025 off strong, averaging the largest audience in the first two months of a year in cable news history, while CNN and MSNBC both struggled. It was the network's most-watched month of February of all time as Fox News finished with its third-highest share of the cable news audience since launching in 1996. Nallen believes the Trump administration makes so much news that sky-high ratings are sustainable as Americans rely on Fox News for information and analysis. "The president has two press conferences a day, and the amount of news that's coming out of this is just shocking, the amount of viewing. An example I'll give you is, last week, the equivalent of the State of the Union address, Fox News had 10 million viewers for it, which was -- you look at ABC and CBS combined, we beat that combination," Nallen said. "So, from a sustainability standpoint, I certainly think the next three-and-three-quarter years will be a really sustainable amount of news and viewing on the Fox News platform." Fox News Channel Has Best February In Network History, Crushes Cnn And Msnbc Nallen also noted that Fox News has brought in roughly 125 new advertisers since the election. And while the linear network is thriving, Fox News Digital also continues to grow. "Leading into the election, what we saw was that people either supplemented their news consumption with digital or solely sourced their news consumption with digital, be it dotcom, social, whatever. So, what we see in – really healthy engagement. On YouTube, in January, Fox News had something like 410 million views. It was 2.5 times the next news brand inside of YouTube. It's the NO. 1 news brand on YouTube, which is – again, people don't appreciate the digital side of Fox News," Nallen said. "January also was a really historic [month] for Fox News across social media. So, whether it was Instagram, TikTok, X, Facebook, it was the best that Fox News has ever done from a consumption standpoint," he continued. "The best-kept secret about Fox News is the digital side, where there is really significant consumption happening."Original article source: Fox News' massive growth sustainable under Trump, Fox Corporation COO says
Fox News
11-03-2025
- Business
- Fox News
Fox News' massive growth sustainable under Trump, Fox Corporation COO says
Fox Corporation President and COO John Nallen touted FOX News Media's linear and digital success on Monday, predicting that recent growth is sustainable as President Donald Trump continues to produce a stunning amount of news. "You look at Q3 to date, we're up 50 percent in viewing from where we were a year ago. If you look at January as an example, we were second to NBC in primetime weekday. February, we were second to CBS. So, in many ways, Fox News is the fifth broadcast network now when you look at competition on a primetime basis," Nallen said at Deutsche Bank's annual Media, Internet & Telecom Conference in Palm Beach, Florida. Nallen's remarks echoed recent comments by FOX Corporation Executive Chair and CEO Lachlan Murdoch, who reminded investors earlier this month that Fox News Channel regularly outdraws free broadcast networks despite being on cable, particularly during primetime on weekdays. "From a competitive standpoint, we're really looking to the broadcast market more than we're looking to the cable market just because of those kind of statistics that we have," Nallen said. "But a lot of advertisers have come to the FOX News Media platforms, particularly since the election, the inauguration. Just by way of example, across pharma, auto and travel, we have nine of the top 10 advertisers in America on Fox News. Across retail and financial, eight of the top 10 are on Fox News," he continued. "So, it's a complete sea change from where we were certainly 24 months ago, the rate of viewing is in Fox News. And I just think it continues." Fox News Channel obliterated competitors in 2024, finishing the year with its highest share of the cable news audience since 2015. The network has finished No. 1 in cable news among both total day and primetime viewers for 23 years in a row. Fox News Channel also started 2025 off strong, averaging the largest audience in the first two months of a year in cable news history, while CNN and MSNBC both struggled. It was the network's most-watched month of February of all time as Fox News finished with its third-highest share of the cable news audience since launching in 1996. Nallen believes the Trump administration makes so much news that sky-high ratings are sustainable as Americans rely on Fox News for information and analysis. "The president has two press conferences a day, and the amount of news that's coming out of this is just shocking, the amount of viewing. An example I'll give you is, last week, the equivalent of the State of the Union address, Fox News had 10 million viewers for it, which was -- you look at ABC and CBS combined, we beat that combination," Nallen said. "So, from a sustainability standpoint, I certainly think the next three-and-three-quarter years will be a really sustainable amount of news and viewing on the Fox News platform." Nallen also noted that Fox News has brought in roughly 125 new advertisers since the election. And while the linear network is thriving, Fox News Digital also continues to grow. "Leading into the election, what we saw was that people either supplemented their news consumption with digital or solely sourced their news consumption with digital, be it dotcom, social, whatever. So, what we see in – really healthy engagement. On YouTube, in January, Fox News had something like 410 million views. It was 2.5 times the next news brand inside of YouTube. It's the NO. 1 news brand on YouTube, which is – again, people don't appreciate the digital side of Fox News," Nallen said. "January also was a really historic [month] for Fox News across social media. So, whether it was Instagram, TikTok, X, Facebook, it was the best that Fox News has ever done from a consumption standpoint," he continued. "The best-kept secret about Fox News is the digital side, where there is really significant consumption happening."
Reuters
11-03-2025
- Business
- Reuters
Verizon warns of 'soft' subscriber growth on strong competition, shares fall
March 11 (Reuters) - Verizon warned on Tuesday that first-quarter subscriber growth would likely be "soft" as rival carriers attract customers with promotions, sending its shares down 5.3% in premarket trading. The U.S. wireless giant pulled back on customer incentives after the promotion-heavy December quarter, but rivals did not, intensifying competition, Chief Revenue Officer Frank Boulben said at Deutsche Bank's Media, Internet & Telecom Conference. American telecom firms have leaned on incentives in a fierce battle for customers as growth slows in a saturated market. That has boosted subscriber growth but raised worries about profits. Shares of Verizon rival AT&T (T.N), opens new tab were down 4.5% as it also said it saw elevated subscriber churn in January, while T-Mobile US (TMUS.O), opens new tab was down 2.1%. Verizon has also seen "a slow start" to phone upgrades in the first quarter, a sign that customers were continuing to hold back on purchases amid growing worries about the U.S. economy. Still, the company expects to add more monthly-bill paying wireless subscribers in 2025 than the around 900,000 subscribers it added last year, as it benefits from its customizable myPlan. The comments follow a strong fourth quarter for U.S. telecom firms, where plans bundling 5G services with high-speed fiber data, as well as streaming services, helped attract customers. Verizon also said it did not expect a big hit due to the tightening in U.S. immigration. "We expect very limited impact on the postpaid side where customers have got to provide some form of identification to get onto a contract. So if there is any impact, we will see it towards the low end of the prepaid market," Boulben said. Since taking office in January, President Donald Trump has kicked off a sweeping immigration crackdown, tasking the U.S. military with aiding border security and issuing a broad ban on asylum.
Yahoo
05-03-2025
- Business
- Yahoo
Clear Channel Outdoor Holdings, Inc. to Participate in Deutsche Bank's 33rd Annual Media, Internet & Telecom Conference
SAN ANTONIO, March 5, 2025 /PRNewswire/ -- Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) announced today that David Sailer, Chief Financial Officer of Clear Channel Outdoor Holdings, Inc., is scheduled to present at Deutsche Bank's 33rd Annual Media, Internet & Telecom Conference on Tuesday, March 11, 2025, at 1:00 p.m., Eastern Time. The live audio webcast, as well as the replay, will be available on Clear Channel Outdoor Holdings' investor website at About Clear Channel Outdoor Holdings, Inc. Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Our dynamic advertising platform is broadening the pool of advertisers using our medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach and flexibility of our diverse portfolio of assets, we connect advertisers with millions of consumers every month. For further information, please contact: Investors: Eileen McLaughlinVice President, Investor Relations(646) 355-2399investorrelations@ View original content to download multimedia: SOURCE Clear Channel Outdoor Holdings, Inc. Sign in to access your portfolio
