The former state-owned state telecommunications BT Group plc (ADR) (NYSE:BT) monopoly posted profit before tax of £747 million ($1.3 million), better than the £653 million forecast by analysts in a Reuter’s poll. This compared with the £687 million reported in the same period last year. BT Group plc (ADR) (NYSE:BT) net profit margin is 11.00% and weekly performance is -1.25%. On last trading day company shares ended up $62.56. Analysts mean target price for the company is $76.94. BT Group plc (ADR) (NYSE:BT) distance from 50-day simple moving average (SMA50) is -1.23%.
Telecom Italia SpA (ADR) (NYSE:TI) mobile unit TIM has launched a new offer, dubbed Special Start, in a bid to lure customers from other operators. Anyone signing up via TIM.it and porting their number from another company can access the Special Start offering, which comes with 600 minutes of calls and 600 SMS to all national fixed and mobile numbers, 1 GB in mobile data at 4G speeds and 1 GB extra data for viewing videos for EUR 19 per month, with no activation fee. Telecom Italia SpA (ADR) (NYSE:TI) shares fell -0.59% in last trading session and ended the day on $11.74. TI gross Margin is 56.70% and its return on assets is -6.00%.Telecom Italia SpA (ADR) (NYSE:TI) quarterly performance is -2.00%.
Telefónica SA (ADR) (NYSE:TEF) is facing fresh delays in its €8.55 billion ($11.7 billion) bid for German cellphone operator E-Plus amid a growing debate over how to regulate Europe’s rapidly consolidating telecom sector. Telefonica S.A. (ADR) (NYSE:TEF) shares moved down -0.42% in last trading session and was closed at $16.55, while trading in range of $16.47 – $16.58. Telefonica S.A. (ADR) (NYSE:TEF) year to date (YTD) performance is 4.75%.
New York-based Verizon Communications Inc. (NYSE:VZ) has rolled out its newest technology for boosting wireless network capacity in 17 Texas markets including Houston. The new service, known as XLTE, will enable Verizon to double its capacity on its 4G LTE network in those markets. XLTE utilizes Verizon’s Advance Wireless Services spectrum to add capacity in neighborhoods or areas where demand is high. Verizon Communications Inc. (NYSE:VZ) ended the last trading day at $49.15. Company weekly volatility is calculated as 1.17% and price to cash ratio as 57.43.Verizon Communications Inc. (NYSE:VZ) showed a positive weekly performance of 2.06%.
A New York judge criticized attorneys for three former Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY) executives for advising the defendants not to answer most questions during depositions in a Foreign Corrupt Practices Act case brought by the U.S. Securities and Exchange Commission, calling the move “obstructionist.” On last trading day company shares ended up $7.31.