Sources are saying that Sprint Corporation (NYSE:S) is moving forward with their purchase of T-Mobile US Inc. The company has decided to pay an estimated $40 per share for T-Mobile which would result in the merger of the 3rd and 4th largest wireless carriers in the U.S. Sprint Corporation (NYSE:S) net profit margin is -7.80% and weekly performance is 2.17%. On last trading day company shares ended up $9.40. Analysts mean target price for the company is $7.28. Sprint Corporation (NYSE:S) distance from 50-day simple moving average (SMA50) is 5.96%.
SFX Entertainment, Inc. (SFXE) and T-Mobile US, Inc. (NYSE:TMUS) announced an extension of their marketing alignment with an 18-month program focused on building a deep cultural connection with the millennial audience through investments in festivals, media and custom events. T-Mobile US Inc (NYSE:TMUS) shares advanced 0.23% in last trading session and ended the day on $34.28. Gross Margin is 47.40% and its return on assets is -0.50 %. T-Mobile US Inc (NYSE:TMUS) quarterly performance is 7.73%.
Verizon Communications Inc. (NYSE:VZ) denied that its network speed was the reason behind poor streaming on Netflix, Inc. (NASDAQ:NFLX). Verizon Communications Inc. (NYSE:VZ) shares moved down -0.28% in last trading session and was closed at $49.15, while trading in range of $49.07 -$49.37. Verizon Communications Inc. (NYSE:VZ) year to date (YTD) performance is 2.23 %.
In an attempt to curry favour with regulators, AT&T Inc (NYSE:T) said on Tuesday that if it’s allowed to buy satellite broadcaster DirecTV, it will be able to afford an expansion of fibre connections into more homes to boost their Internet connection speeds. AT&T Inc. (NYSE:T) ended the last trading day at $35.05. Company weekly volatility is calculated as 0.93% and price to cash ratio as 50.38. AT&T Inc. (NYSE:T) showed a negative weekly performance of -0.82%.
Microblogging platform Twitter Inc (NYSE:TWTR) has been in talks with Berlin-based audio sharing website SoundCloud in its efforts to add a music service to its offering, the Financial Times reported citing people familiar with the matter. Twitter Inc (NYSE:TWTR) net profit margin is -93.70% and weekly performance is -2.58%. On last trading day company shares ended up $32.90. Analysts mean target price for the company is $43.69. Twitter Inc (NYSE:TWTR) distance from 50-day simple moving average (SMA50) is -15.78%.
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