Walt Disney Company (NYSE:DIS) $2.0 billion investment grade corporate debt offering marks the largest debt offering from the company in over two years and brings the volume of investment grade debt issued by US media & entertainment companies to $10.8 billion, a 36% decline compared to a year ago and the slowest year-to-date period for US issuance in the sector since 2009. The Walt Disney Company (NYSE:DIS) stock opened today at $83.81 and is currently trading at $83.98. The stock showed a positive weekly performance of 2.24%.
Telephone & Data Systems (NYSE:TDS) was upgraded by research analysts at Morgan Stanley to an “equal weight” rating in a report released on Friday. Telephone & Data Systems, Inc. (NYSE:TDS) stock opened at $27.60, in current trading session and currently is at $27.99, by gaining 2.94%. The 52 week range of $21.30 – $31.52. Company’s market capitalization is 5.89 billion.
Telecom Italia SpA (ADR) (NYSE:TI) has partnered with five Italian universities to create a testbed for Software Defined Networking (SDN) technology. Telecom Italia’s Joint Open Lab (JOL) consortium includes the operator and Trento University, Sant’Anna School of Advanced Studies in Pisa, Polytechnic University of Milan, Polytechnic University of Turin and Catania University. Telecom Italia SpA (ADR) (NYSE:TI) stock is currently trading at $12.44. The EPS of the stock is -3.03. Company’s market capitalization is 23.99 billion.
Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) has agreed to an offer for Japanese mobile and broadband company SoftBank to buy T-Mobile USA, according to a news report. Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) stock opened the session at $16.80, and now is at $16.77. The 52 week range of the Deutsche Telekom AG (ADR (OTCMKTS:DTEGY) stock remained $11.04 – $17.62 and the day range was $16.73 – $16.89.
Dutch supermarket chain Koninklijke Ahold NV (ADR) (OTCMKTS:KKPNY) Wednesday reported a sharp decline in first-quarter profit, mainly due to the absence of prior-year’s divestment gain. While income from continuing operations increased, net sales were hurt by low inflation and volumes that remained under pressure in all markets. Looking ahead, the company said it expects sequentially similar trading conditions in its next quarter. Koninklijke KPN N.V. (ADR) (OTCMKTS:KKPNY) stock opened today at $3.70 and is currently trading at $3.73.