Wireless Stocks In News: Sprint Corporation (NYSE:S), AT&T Inc. (NYSE:T), Verizon Communications (NYSE:VZ), Vodafone Group Plc (NASDAQ:VOD)

Sprint Corporation (NYSE:S) sunk -3.70% after the proposition of company’s merger with T-Mobile (TMUS) weakens.  Sprint Corporation (NYSE:S) shares after opening at $7.85 moved to $7.95 on last trade day and at the end of the day closed at $ 7.43 . Company price to sales ratio in past twelve months was calculated as 1.73 and price to cash ratio as 3.92. Sprint Corporation (NYSE:S) showed a negative weekly performance of -13.10%.

AT&T Inc. (NYSE:T) announced that it’s working on a way to bring in-flight Internet access to planes using technology based on the 4G LTE network it uses for smartphones and tablets. AT&T Inc. (NYSE:T) shares advanced 1.71% in last trading session and ended the day on $35.08. T return on equity ratio is recorded as 20.60% and its return on assets is 6.60%.  AT&T Inc. (NYSE:T) yearly performance is -0.20%.

Verizon Communications Inc. (NYSE:VZ) officially put down concrete and steel roots in Lake Mary as the company’s new Finance Center building, announced in 2013, formally opened its doors to employees and state and local dignitaries at a ribbon-cutting ceremony. Also at the ceremony, Gov. Rick Scott announced that Verizon would now add an additional 350 jobs to the original 750 it planned to bring to Lake Mary, raising the total number of new jobs in the area to 1,100. Verizon Communications Inc. (NYSE:VZ) shares moved up 1.44% in last trading session and was closed at $46.60 while trading in range of $46.15 – $46.69 – Verizon Communications Inc. (NYSE:VZ) year to date (YTD) performance is -3.08%.

Vodafone Group Plc (ADR) (NASDAQ:VOD) has been taken to court by its partner for cancelling a franchise agreement without legal notice. It is estimated that the company will end-up paying as much as $1.89 billion in damages. MTS sued the Greek unit for 1.37 billion Euros. Vodafone Group Plc (ADR) (NASDAQ:VOD) weekly performance is 1.94%. On last trading day company shares ended up $36.86.  Vodafone Group Plc (ADR) (NASDAQ:VOD) distance from 50-day simple moving average (SMA50) is 1.94%. Analysts mean target price for the company is $65.70.

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