Market Overview

Baird Shares Outlook On Telecom & Cable

Share:

In a report issued Monday, analysts at Baird shared a preview of second quarter results for connected technology companies. Consistent with the trends seen recently, the experts anticipate robust growth among cable companies, and mixed results for telecoms, as T-Mobile US Inc (NASDAQ: TMUS) continues to increase its wireless market share.

In addition, Baird continues to favor Comcast Corporation (NASDAQ: CMCSA) among the service providers it covers. However, the experts acknowledge AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ) offer attractive dividend yields and cash flows, especially taking into account the current market/yield environment.

Baird envisions sustained weakness in smartphone upgrade rates, “directionally negative for smartphone providers,” even for Apple Inc. (NASDAQ: AAPL).

Baird maintains the following ratings and price targets:

  • Charter Communications, Inc. - Class A (NASDAQ: CHTR), Neutral, $230
  • Comcast, Outperform, $67
  • Sprint Corp (NYSE: S), Neutral, $3
  • AT&T, Neutral $41
  • T-Mobile, Neutral, $42
  • Verizon, Neutral, $54

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

Latest Ratings for CHTR

DateFirmActionFromTo
Nov 2020RosenblattMaintainsBuy
Nov 2020TD SecuritiesMaintainsHold
Oct 2020BenchmarkMaintainsBuy

View More Analyst Ratings for CHTR
View the Latest Analyst Ratings

 

Related Articles (CMCSA + CHTR)

View Comments and Join the Discussion!

Posted-In: BairdAnalyst Color Previews Reiteration Analyst Ratings Tech Trading Ideas

Latest Ratings

StockFirmActionPT
PLTHCanaccord GenuityMaintains6.0
VLDRCraig-HallumInitiates Coverage On23.0
MFACNorthland Capital MarketsInitiates Coverage On15.0
CEREJefferiesInitiates Coverage On18.0
GIIIUBSInitiates Coverage On22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com