Home / Technology / Telecom Providers on Vanguard Level- Verizon Communications (NYSE:VZ), AT&T (NYSE:T)

Telecom Providers on Vanguard Level- Verizon Communications (NYSE:VZ), AT&T (NYSE:T)

Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] tries to capture market sentiments, shares knocked down -0.44% to $48.25. Building on its strategy to drive innovation and adoption for IoT services in high-growth markets, Verizon reported that it has purchased Skyward, a private company based in Portland, Oregon. Skyward brings drone operations management to the Verizon IoT portfolio, simplifying drone operations and management for organizations of any size.

Terms of the transaction have not been disclosed.Internationally, companies rely on Skyward for managing operations, improving safety and lowering operating costs. Through this acquisition, businesses small and large will now have a single source for integrating, managing and wirelessly connecting their drone operations – linking all the people, projects and equipment involved into one clear and efficient workflow.

Mike Lanman, senior vice president – Enterprise Products and IoT at Verizon, said- “Last quarter we reported our strategy to drive innovation and widespread adoption for in-flight wireless connectivity through our Airborne LTE Operations (ALO) initiative, a new service to simplify certification and connectivity of wireless drones. This acquisition is a natural progression of our core focus on operating in innovative, high-growth markets, leveraging our network, scale, fleet management, device management, data analytics and security enablement capabilities and services to simplify the drone industry and help support the adoption of IoT.”

When calculating EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -26.50%. Investors looking further ahead will note that the Price to next year’s EPS is 3.34%. (What Market Forces Produce Volatility in NYSE:VZ Share? Find Free Report Here)

As for as concerns shares volumes, in share of capital Verizon Communications Inc. (NYSE:VZ) has 4081.00 million outstanding shares among them 4068.62 million shares have been floated in market exchange. VZ institutional ownership remained 65.10% while insider ownership included 0.01%. The firm attains analyst recommendation of 2.70 with week’s performance of -0.72%

AT&T Inc. (NYSE:T) [Trend Analysis] shows fluctuation in active trade, on Friday shares slightly down -0.53% to $41.03. AT&T (T) declared that it will launch a new AT&T Unlimited plan. The plan will be accessible to all consumer and business postpaid AT&T wireless consumers. Whether you love to stream your favorite shows, play games, video chat or simply surf the web, the AT&T Unlimited Plan provides access to what matters most to you.

“We’re offering unlimited entertainment on the nation’s best data network where and when you want to enjoy more of what you love,” said David Christopher, Chief Marketing Officer of the AT&T Entertainment Group. The new AT&T Unlimited Plan will include unlimited talk, text and data on 4 lines for $180.* Business consumers can also take advantage of their additional corporate discount.

You can also make unlimited calls from the U.S. to Canada and Mexico, and send unlimited texts to over 120 countries. Plus, consumers on this plan can talk, text and use data in Canada and Mexico with no roaming charges when they add the Roam North America feature for no additional charge.

The 52-week high of the share price is -3.54% and 52-week low of the share price is 17.80%. Current stock price is in the upbeat territory taking into account of 20 days moving average with -0.93% and continued bullish run for 50 days moving average with -0.66%.

Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 0.80 as compared to its debt to equity ratio stands at 1.00. To take look on ration of tradable shares being shorted in market, float short ration was 1.59%, as compared to sentiment indicator; Short Ratio was 4.56. Taking notice in average true range, it was 0.52.

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About Steve Hart

Steve Hart is a longtime business journalist who has covered everything from municipal bonds to management, major banks and MBA programs. Prior to becoming a writer at Seneca Globe News, Steve Hart was a securities analyst and a budget and fiscal analyst. Steve can be reached at steve.hart@senecaglobe.com

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