Sprint Corporation (NYSE: S) began implementation of a workforce reduction plan to reduce costs and better meet the changing dynamics of the marketplace. The plan is expected to include steps to, among other things, improve operational efficiencies and reduce costs, as a result of which the Company expects to incur material charges under generally accepted accounting principles. Sprint Corporation (NYSE:S) stock opened at $8.87 in last session, and closed at $8.75, while the day range of stock is $8.70 – $8.92. The stock showed a negative weekly performance of -1.76%.
AT&T Inc. (NYSE:T) traded up more than 1.3 percent to $33.80 following announcement by the company that it would receive a pre-tax non-cash gain of about $7.6 billion in its forthcoming quarter. This gain will come from its pension and other post-employment benefit plans. AT&T Inc. (NYSE:T) also announced a raft of other gains that would be reflected in the January 28 quarter reporting. AT&T Inc. (NYSE:T) is the largest telephone operator in the U.S. and the market assigns it a value above $178 billion. AT&T Inc. (NYSE:T) stock opened at $33.83, in last session and closed at $34.09, by gaining 0.86%. The 52 week range of the stock is $33.09 – $39.00. Company’s market capitalization is $179.94 billion.
Verizon Communications Inc. (NYSE:VZ) has posted online its first Transparency Report, the first such report to be released by a telecommunications company. Verizon Communications Inc. (NYSE:VZ) stock advanced 0.38% and finished the last session at $48.02. The EPS of the stock remained 4.00. Company’s market capitalization is $137.55 billion.
UBS AG reissued their buy rating on shares of Vodafone Group Plc (ADR) (NASDAQ:VOD) in a research report sent to investors on Wednesday morning, Analyst Ratings Network reports. The firm currently has a GBX 260 ($4.27) price target on the stock. Vodafone Group Plc (ADR) (NASDAQ:VOD) stock opened the session at $38.49, and closed the session at $38.53. The 52 week range of the stock remained $24.42 – $39.44 and the day range was $38.43 – $38.60.