Topic: How To Invest

Wall Street Stock Forecaster Hotline – Thursday, April 13, 2017

Article Excerpt

AT&T INC., $40.28, New York symbol T, is the largest wireless provider in the U.S. It also sells TV cable packages, and high-speed Internet and landline phone services. This week, the company agreed to acquire Straight Path Communications Inc. (New York symbol STRP). Straight Path’s main assets are a portfolio of licenses for wireless frequencies. They will help AT&T with its plan to offer 5G wireless services, which are up to 10 times faster than its current 4G networks. Faster networks will let AT&T attract new subscribers with new wireless services, such as high-definition video streaming. AT&T will pay $1.6 billion for Straight Path. That’s less than 1% of its $248.3 billion market cap (the total value of all outstanding shares). The company expects to complete the purchase within the next 12 months. OUR RECOMMENDATION: AT&T is a buy. AT&T recent coverage February 2017 issue Hotline for December 2, 2016 BHP BILLITON LTD. ADRs, $36.09, New York symbol BHP, is a leading producer of iron ore, oil…