Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, May 12, 2017

Article Excerpt

VERIZON COMMUNICATIONS INC., $45.84, New York symbol VZ, has 113.9 million wireless users, 13.6 million landline phone clients and 15.6 million high-speed Internet and TV subscribers. This week, the company agreed to acquire Straight Path Communications Inc. (New York symbol STRP). That firm owns a portfolio of licenses for wireless frequencies. They will help Verizon launch new 5G wireless services, which are up to 10 times faster than its current 4G networks. Faster networks make it easier for the company to launch new services such as high-definition video streaming. Verizon will pay $3.1 billion in shares for Straight Path. That’s equal to 2% of its $185.6 billion market cap (the total value of all outstanding shares). The company expects to complete the purchase by the end of 2017. OUR RECOMMENDATION: Verizon is a buy. Verizon recent coverage Hotline for February 24, 2017 February 2017 issue AT&T INC., $38.49, New York symbol T, is the largest wireless provider in the U.S. It also sells TV cable packages,…