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

Sprint Corporation (NYSE:S) has received a consensus recommendation of “Hold” from the twenty-nine analysts that are presently covering the company, AmericanBankingNews.com reports. Six investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.86. Sprint Corporation (NYSE:S) shares after opening at $9.27 on last trade day and at the end of the day closed at $9.19. Company price to sales ratio in past twelve months was calculated as 2.14 and price to cash ratio as 4.84. Sprint Corporation (NYSE:S) showed a positive weekly performance of 0.88%.

Texas consumers, businesses and government agencies continued to benefit from Verizon Communications Inc. (NYSE:VZ)’s investment of more than $348 million in its industry-leading fiber-optic and Internet Protocol-based networks. “Verizon – with its strong network and its assets in Texas — helps feed its customers’ growing demand for faster broadband speed, high-quality video and sophisticated communications,” said Pedro Correa, Texas region president. “We focus on our customers every day to provide them with the very best experience, from the quality and reliability of our networks, to the breadth of our products and services, to the expertise of our customer-service employees.” Verizon Communications Inc. (NYSE:VZ) shares advanced 0.32% in last trading session and ended the day on $47.57. VZ return on equity ratio is recorded as 32.60% and its return on assets is 4.60%. Verizon Communications Inc. (NYSE:VZ) yearly performance is 2.39%.

Global telecom services company, Vodafone Group PLC (ADR) (NASDAQ:VOD), is thought to be close to signing a deal for the purchase of Spain’s largest cable operator Ono. This is in line with the company’s plan to roll out its fiber network services in the country as of start of April. Its partnership with Orange has been seen as the key to the company’s plan to roll out its broadband Spain. Vodafone Group Plc (ADR) (NASDAQ:VOD) shares moved up 0.99% in last trading session and was closed at $36.81, while trading in range of $36.43 – $36.90. Vodafone Group Plc (ADR) (NASDAQ:VOD) year to date (YTD) performance is -8.14%.

Portfolio Manager David Abella of City National Rochdale is favoring AT&T Inc. (NYSE:T) because of its 5.7% dividend yield plus opportunity for more growth, in addition to possible capital appreciation. “Right now we like AT&T primarily because of the yield, 5.7%. We feel that there is a potential growth in the yield in the 3% to 5% range. That’s a little higher than it’s been in the past few years, but we do feel that there is the potential for growth,” Abella said. AT&T Inc. (NYSE:T) weekly performance is 1.77%. On last trading day company shares ended up $35.07. AT&T Inc. (NYSE:T) distance from 50-day simple moving average (SMA50) is 6.02%. Analysts mean target price for the company is $35.58.