Vodafone Group Plc (ADR) (NASDAQ:VOD) which is currently the second-biggest mobile operator by subscribers in the world, posted its results for the fourth quarter. The company reported a service revenue drop for a seventh consecutive quarter and it also revealed its expectations for the full-year earnings. The company, however, announced that its full-year net profit increased thanks to the sale of its wireless operations division in the U.S. for the astonishing $130 billion. Vodafone Group shared that its net profit in the fiscal year ended March 31st jumped from 413 million pounds last year to 59.3 billion pounds (99.7 billion dollars), boosted by the sale of the US wireless division, Verizon. According to the company’s statement, the organic service revenue of Vodafone Group Plc declined by 3.8%, which is a bit lower than the 3.9% drop predicted by analysts. Vodafone Group Plc (ADR) (NASDAQ:VOD) net profit margin is 45.10% and weekly performance is -3.97%. On last trading day company shares ended up $36.31. Analysts mean target price for the company is $ 55.07. Vodafone Group Plc (ADR) (NASDAQ:VOD) distance from 50-day simple moving average (SMA50) is -1.68%.
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) shares advanced 0.16% in last trading session and ended the day on $49.15. Gross Margin is 63.00% and its return on assets is 5.40%. Verizon Communications Inc. (NYSE:VZ) quarterly performance is 8.09%.
Shenandoah Telecommunications Company (NASDAQ:SHEN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, American Banking News.com reports. They currently have a $35.30 price target on the stock. Zacks‘s target price indicates a potential upside of 26.70% from the stock’s previous close. Shenandoah Telecommunications Company (NASDAQ:SHEN) shares moved up 0.46% in last trading session and was closed at $26.13, while trading in range of $25.63- $26.33. Shenandoah Telecommunications Company (NASDAQ:SHEN) year to date (YTD) performance is 1.79%.
Telephone & Data Systems, Inc. (NYSE:TDS) announced an agreement to acquire substantially all of the assets of a group of companies operating as BendBroadband, headquartered in Bend, Oregon, for a purchase price of $261 million. BendBroadband generated annual revenues of $70 million in 2013 and has approximately 280 employees. The transaction is expected to close in the third quarter of 2014 pending regulatory approvals and other conditions. Telephone & Data Systems, Inc. (NYSE:TDS) ended the last trading day at $26.66. Company weekly volatility is calculated as 1.58% and price to cash ratio as 3.18. Telephone & Data Systems, Inc. (NYSE:TDS) showed a negative weekly performance of -2.74%.
Towerstream Corporation (NASDAQ:TWER) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost over 18% in the past one-month time frame. Towerstream Corporation (NASDAQ:TWER) net profit margin is -73.40% and weekly performance is 15.03%. On last trading day company shares ended up $1.76. Analysts mean target price for the company is $5.00. Towerstream Corporation (NASDAQ:TWER) distance from 50-day simple moving average (SMA50) is -16.85%.