Stock Market News & Stocks to Watch from StraightStocks » Telefonica S.A. http://www.straightstocks.com Leading Stock Market News, Opinions and Commentary Thu, 18 Mar 2010 12:53:35 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Telefonica Acquires Jajah – Analyst Blog http://www.straightstocks.com/stock-watch/telefonica-acquires-jajah-analyst-blog/ http://www.straightstocks.com/stock-watch/telefonica-acquires-jajah-analyst-blog/#comments Thu, 24 Dec 2009 18:15:01 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/28662/Telefonica+Acquires+Jajah+-+Analyst+Blog Telefonica S.A. (TEF) has decided to acquire VoIP services and application specialist Jajah Inc for a consideration of Euro 145 million or approximately $207 million, in an all-cash transaction. Jajah offers Internet calling that enables its customers to bypass long-distance fees by connecting their calls over the Internet. Industry sources reported that several companies like Cisco System Inc. (CSCO) and Microsoft Corp. (MSFT) were also eyeing to bag Jajah. Telefonica had beat out those two companies in the bidding. 

Jajah services are currently used in around 200 countries by approximately 25 millions of people and are integrated into everyday instant messaging like Yahoo! Inc’s (YHOO) messenger and social media applications like Twitter, as well as through its own Jajah direct-to-consumer offer. The company’s business solutions provide seamless IP communications services across the organization, regardless of location or device and are used by several small-to-medium and large enterprises throughout the world. 

Telefonica is the largest telecom carrier in Spain which has operations in other parts of Europe and Latin America. Globally, Telefonica has more than 260 million customers in 25 countries. Acquisition of Jajah will boost up Telefonica’s capabilities to offer cutting-edge on-line voice communications services to its customers. Jajah's managed services enable mobile operators, landline carriers, cable companies, technology companies and other businesses to adopt its voice solutions with minimal investment and time to market. Telefonica has decided to keep the Jajah brand.
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]]> http://www.straightstocks.com/stock-watch/telefonica-acquires-jajah-analyst-blog/feed/ 0 Telefonica Fixes Brazil CapEx – Analyst Blog http://www.straightstocks.com/stock-watch/telefonica-fixes-brazil-capex-analyst-blog/ http://www.straightstocks.com/stock-watch/telefonica-fixes-brazil-capex-analyst-blog/#comments Thu, 10 Dec 2009 19:47:15 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/28171/Telefonica+Fixes+Brazil+CapEx+-+Analyst+Blog Telefonica SA (TEF), the incumbent telecom carrier in Spain, has released its 2010 capital expenditure (CapEx) guidance for its Brazilian subsidiary Telecomunicacoes de Sao Paulo (TSP). The Spanish telecom giant plans to spend more than R$2 billion (US$1.14 billion) in Brazil in the next year. This is marginally lower compared to R$2.4 billion (US$1.38 billion) earmarked for 2009.
 
The company plans to allocate a major portion of the budgeted CapEx for expanding its broadband network infrastructure in Brazil. Telefonica is boosting investment in broadband to improve service quality. The company contends with decelerating revenue for its fixed-line business. Brazil’s telecom regulator Anatel suspended Telefonica’s fixed-line operation between June and August 2009 due to customer complaints about poor service quality.
 
Telefonica operates its fixed-line telephone and broadband services in Sao Paulo (Brazil’s largest and most lucrative market) through Telecomunicacoes de Sao Paulo (Telesp). Additionally, through a joint venture with Portugal Telecom (PT), the company operates Brazilian wireless operator Vivo, the leading wireless carrier in Brazil with roughly 30% market share.
 
With its vast population and relatively low wireless and broadband penetration, Brazil offers an attractive growth opportunity for overseas telecom operators. Wireless penetration in Brazil is expected to increase by more than 15% over the next two years.

Latin America remains the principal growth region for Telefonica. Healthy revenues and subscriber growth from this region continue to partly offset declines across the company’s domestic and European markets due to recession and intense competition. Brazil represents the largest contributor to the company’s Latin American revenues. With a projected 4% economic growth in 2010, Brazil continues to offer attractive business opportunities for Telefonica.
 
However, Telefonica is exposed to increased competition in Brazil. Competition has intensified with the country’s fourth-largest mobile operator Tele Norte Leste Participacoes’ (TNE) acquisition of 61.2% stake in Brasil Telecom (the third-largest fixed-line carrier in Brazil). This strategic investment has resulted in the creation of a national telecom giant with approximately 70% and 17% control of Brazil’s fixed-line market and cellular market, respectively.
 
Moreover, France-based media company Vivendi SA, which recently outbid Telefonica for a controlling stake in the Brazilian telecom operator GVT Holding, represents another emerging threat. To counter intense competition, Telefonica is considering a more aggressive pricing strategy for its broadband services.


Read the full analyst report on "TEF"
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]]> http://www.straightstocks.com/stock-watch/telefonica-fixes-brazil-capex-analyst-blog/feed/ 0 TV to Launch Wireless Service – Analyst Blog http://www.straightstocks.com/stock-watch/tv-to-launch-wireless-service-analyst-blog/ http://www.straightstocks.com/stock-watch/tv-to-launch-wireless-service-analyst-blog/#comments Mon, 23 Nov 2009 20:02:53 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/27544/TV+to+Launch+Wireless+Service+-+Analyst+Blog Grupo Televisa S.A. (TV) has decided to explore the wireless communications market. Televisa is the largest media company in Mexico as well as in the Spanish-speaking world. Its cable TV subsidiary Cablevision will start providing mobile phone services in Mexico from the first quarter of 2010. Televisa has already started its own telecom business. On May 9, 2007, the Mexican Ministry of Communication and Transportation granted Cablevision permission to offer fixed telephony services through its network. As of now, Cablevision offers digital cable television services, broadband Internet connection, high-definition television services and video-on-demand products.
 
Televisa is a dominant force in the Mexican media business. The company is almost a monopoly with around 70% of the Mexican open television market. Televisa has a stable customer base in many different areas, including television broadcasting, pay television network, publishing, and radio. Cablevision will try to leverage this long-established customer base to explore its new wireless services venture. Furthermore, Televisa has been expanding to more stable and developed markets in the U.S. and in Europe. 

The Mexican wireless services market is highly competitive. America Movil S.A.B. de C.V. (AMX) is the dominant player in this market commanding approximately 70% share. Telefonica S.A. (TEF) is the other major competitor. Mexican cable operator Megacable also decided to enter this market in early 2010. Cablevision already provides data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network in Mexico and the U.S.
Read the full analyst report on "TV"
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]]> http://www.straightstocks.com/stock-watch/tv-to-launch-wireless-service-analyst-blog/feed/ 0 SAP AG Beats Zacks Consensus – Analyst Blog http://www.straightstocks.com/stock-watch/sap-ag-beats-zacks-consensus-analyst-blog/ http://www.straightstocks.com/stock-watch/sap-ag-beats-zacks-consensus-analyst-blog/#comments Tue, 03 Nov 2009 21:15:25 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/26836/SAP+AG+Beats+Zacks+Consensus+-+Analyst+Blog SAP AG (SAP) reported third quarter of 2009 net income from continuing operations of 60 cents per share, compared to the Zacks Consensus Estimate of 58 cents.

U.S. GAAP software and software-related service revenues were €1.94 billion (previous year: €1.99 billion), a decrease of 3%. U.S. GAAP total revenues were €2.51 billion (€2.76 billion), a decrease of 9%. U.S. GAAP software revenues were €525 million (€763 million), a decrease of 31% (30% at constant currencies).

In the third quarter of 2009, SAP closed major contracts in several key regions including Dagrofa/SuperGros, Prada S.p.A., SeverStal OAO, Surgutneftegaz OAO, Swiss Life AG, and Telefonica, S.A. (TEF) in EMEA; Banco Industrial S.A., ConocoPhillips (COP), Dolby Laboratories (DLB), Fairfax County, Research In Motion Limited (RIMM) and Valero Services Inc. in Americas; and APL Co. Pte. Ltd, Department of Foreign Affairs and Trade, Australia, HDFC Standard Life Insurance Co Ltd, Philippine Long Distance Telephone (PHI), Samchully Co., Ltd. and Taiwan Power Company in the Asia-Pacific Japan region.

U.S. GAAP operating income was €606 million (2008: €614 million), a decrease of 1%. U.S. GAAP operating income was negatively impacted by restructuring charges of €21 million resulting from the previously announced reduction of positions. The third quarter 2009 operating income was also affected by non-recurring items, particularly litigation expenses and profit resulting from reversals of provisions recorded in the accounting for the acquisition of Business Objects. The net effect of these non-recurring items was an increase of operating income by €2 million.

Operating cash flow from continuing operations for the nine month period ended Sep 30, 2009,  was €2.38 billion (2008: €1.97 billion), an increase of 21%. Free cash flow was €2.21 billion (2008: €1.73 billion), an increase of 28%. Free cash flow was 29% of total revenues (2008: 21%). At Sept. 30, 2009, SAP had a total group liquidity of €3.04 billion (Dec. 31, 2008: €1.66 billion), which includes cash and cash equivalents, restricted cash and short term investments. At Sep 30, 2009, net liquidity, defined as total group liquidity less bank liabilities, was €925 million.

SAP AG, together with its subsidiaries, develops, markets, and sells enterprise application software products for corporations, government agencies and educational institutions in Europe, the Middle East, Africa, North America and Latin America, and the Asia-Pacific Japan region. Major competitors are Microsoft Corporation (MSFT), International Business Machines Corporation (IBM) and Oracle Corporation (ORCL).
Read the full analyst report on "SAP"
Read the full analyst report on "IBM"
Read the full analyst report on "ORCL"
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]]> http://www.straightstocks.com/stock-watch/sap-ag-beats-zacks-consensus-analyst-blog/feed/ 0 TEF Bids to Expand in Brazil – Analyst Blog http://www.straightstocks.com/stock-watch/tef-bids-to-expand-in-brazil-analyst-blog/ http://www.straightstocks.com/stock-watch/tef-bids-to-expand-in-brazil-analyst-blog/#comments Thu, 08 Oct 2009 16:31:07 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/25677/TEF+Bids+to+Expand+in+Brazil+-+Analyst+Blog Spain’s incumbent telecom carrier Telefonica SA (TEF) has reportedly made an all-cash bid to acquire Brazilian telecom operator GVT Holding SA in an effort to expand its presence in the lucrative Brazilian telecom market.

The Spanish operator’s Brazilian fixed-line subsidiary Telecomunicacoes de Sao Paulo (Telesp) has offered BRL48 (US$27.2) per share of GVT to acquire atleast 51% of the company, equating to a total investment of €2.55 billion (US$3.75 billion). This offer, which is subject to regulatory and shareholders approvals, has outbid the BRL42 (US$23.8) per share offer made by France-based media company Vivendi SA in September 2009. Telefonica targets to eventually acquire 100% stake in GVT.

Large telecom carriers across the US and Europe are increasingly focused on expanding their foothold in under-penetrated markets given the limited growth prospects in their matured domestic markets. With its vast population and relatively low wireless and broadband penetration, Brazil offers an attractive growth opportunity for overseas telecom operators.

Wireless penetration in Brazil is expected to increase by 15% or more over the next two years. The country will also host the 2016 Olympic Games.

Latin America remains the principal growth region for Telefonica. Healthy revenue and subscriber growth from this region continues to partly offset declines across the company’s domestic and European markets due to recession and intense competition.

Through a joint venture with Portugal Telecom (PT), Telefonica operates Brazilian wireless operator Vivo (VIV), the leading wireless carrier in Brazil with a customer base of approximately 46.8 million and roughly 30% market share. However, Telefonica’s Brazilian presence is currently limited to Sao Paulo, the country’s largest and most lucrative market.
 
Telefonica is exposed to increased competition in Brazil , the largest contributor to the company’s Latin American revenues. Competition has intensified with the country’s fourth-largest mobile operator Tele Norte Leste Participacoes’s (TNE) acquisition of 61.2% stake in Brasil Telecom (BRP), the third-largest fixed-line carrier in Brazil. This strategic investment has resulted in the creation of a national telecom giant with approximately 17% and 70% control of Brazil ’s cellular market and fixed-line market, respectively.

GVT Holding operates primarily in Brazil ’s center-west, Southern and Northern regions with roughly 2.3 million subscribers across 86 Brazilian cities. The company’s focus on high-usage and high-margin customers has enabled it to grow at a healthy pace, making it an attractive acquisition target.

Over the years Telefonica has focused on growth through acquisitions. By acquiring GVT, the company will be well positioned to expand beyond its core Sao Paulo market to other regions of the country. Moreover, GVT is the fourth-largest broadband service provider in Brazil , which will boost growth opporutnities in this market.

While the GVT deal represents a significant growth prospect for Telefonica given the attractive potential for synergies, resources spent on acquiring a controlling stake in the entity is likely to constrict returns to investors in the form of dividend and share buybacks.
Read the full analyst report on "TEF"
Read the full analyst report on "TNE"
Read the full analyst report on "PT"
Read the full analyst report on "VIV"
Read the full analyst report on "BRP"
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]]> http://www.straightstocks.com/stock-watch/tef-bids-to-expand-in-brazil-analyst-blog/feed/ 0 AIG, TEF, SPPI, VTR, X-Tra Hot Stock Alert by PennyOmega.com http://www.straightstocks.com/stock-watch/aig-tef-sppi-vtr-x-tra-hot-stock-alert-by-pennyomega-com/ http://www.straightstocks.com/stock-watch/aig-tef-sppi-vtr-x-tra-hot-stock-alert-by-pennyomega-com/#comments Sun, 06 Sep 2009 19:32:53 +0000 PennyOmega.com http://pennyomega.com/?p=903 <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

]]> http://www.straightstocks.com/stock-watch/aig-tef-sppi-vtr-x-tra-hot-stock-alert-by-pennyomega-com/feed/ 0 Novatel Launches MiFi Server – Analyst Blog http://www.straightstocks.com/stock-watch/novatel-launches-mifi-server-analyst-blog/ http://www.straightstocks.com/stock-watch/novatel-launches-mifi-server-analyst-blog/#comments Tue, 28 Jul 2009 19:24:06 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/22889/Novatel+Launches+MiFi+Server+-+Analyst+Blog Novatel Wireless Inc. (NVTL), a leading provider of wireless data access cards and embedded solutions, has launched its MiFi Web server Common Gateway Interface (CGI) for the MiFi Developer Program. MiFi line of products, the industry’s first Intelligent Mobile Hotspot, is getting increasing market traction.

MiFi is an ultra-portable wireless device, creating an environment of high-speed internet connectivity that can be easily shared by multiple users using up to five Wi-Fi devices. Novatel has developed MiFi for both EV-DO and HSPA standards.
 
The release of this interface will enable software developers to use MiFi’s open CGI to access the on-board processing capabilities of this intelligent mobile hotspot. Novatel has decided to develop an open platform ecosystem based on MiFi technology for applications and services delivery.

The company is working with Alcatel-Lucent (ALU) to integrate its Nonstop Laptop Guardian platform on the HSPA version of MiFi. Novatel is also commercializing the first phase of its own content delivery portal supported by the MiFi platform. MiFi devices will contain this intelligent server application.

This development will include portals providing customized content. Novatel will generate recurring revenue by selling mobile content to its carrier customers.
 
Novatel has begun shipment of MiFi to Verizon Wireless (VZ), Telefonica SA (TEF), and Sprint-Nextel (S). CradlePoint Technology, a provider of 3G and 4G networks solutions, announced that its routers have become MiFi compatible. Novatel has also entered into an agreement with Moblix to sell MiFi products in Central & Eastern Europe, and the Middle East using Moblix’s reseller channel.
 
We believe this unique product line will give Novatel a competitive advantage over Sierra Wireless (SWIR) and Kyocera Corp. (KYO) in its traditional mobile data access card market. This is particularly important as several large telecom equipment makers like Qualcomm (QCOM), L.M. Ericsson (ERIC), and Huawei.

Technologies have entered the mobile computing market with advance chipsets that combine broadband modem technology compatible with high-speed 3G networks. We reiterate Buy recommendation for Novatel Wireless.


Read the full analyst report on "NVTL"
Read the full analyst report on "ALU"
Read the full analyst report on "VZ"
Read the full analyst report on "TEF"
Read the full analyst report on "SWIR"
Read the full analyst report on "KYO"
Read the full analyst report on "QCOM"
Read the full analyst report on "ERIC"
Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/novatel-launches-mifi-server-analyst-blog/feed/ 0 Zacks #1 Rank Additions for Tuesday – Zacks Tale of the Tape http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-29/ http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-29/#comments Tue, 14 Jul 2009 12:12:32 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/22157/Zacks+%231+Rank+Additions+for+Tuesday++-+Zacks+Tale+of+the+Tape Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

  • Advanced Energy Industries Inc (AEIS)
  • American Medical Systems Holdings Inc (AMMD)
  • BCE Inc (BCE)
  • Bemis Company Inc (BMS)
  • BG Group Plc (BRGYY)
  • California Pizza Kitchen Inc (CPKI)
  • CarMax Inc (KMX)
  • Carter's Inc (CRI)
  • Casual Male Retail Group Inc (CMRG)
  • Encore Capital Group Inc (ECPG)
  • Huaneng Power International Inc (HNP)
  • Ingram Micro Inc (IM)
  • Isle of Capri Casinos (ISLE)
  • Jefferies Group Inc (JEF)
  • LTC Properties Inc (LTC)
  • Luxottica Group SpA (LUX)
  • Marvel Entertainment Inc (MVL)
  • Medical Action Industries (MDCI)
  • The Men's Wearhouse Inc (MW)
  • Metalico Inc (MEA)
  • Natural Gas Services Group Inc (NGS)
  • Nelnet Inc (NNI)
  • Nippon Telegraph & Telephone Corp (NTT)
  • Companhia Brasileira de Distrib (CBD)
  • Penn Virginia GP Holdings LP (PVG)
  • PHH Corp (PHH)
  • Riverbed Technology Inc (RVBD)
  • Sonic Automotive Inc (SAH)
  • South Jersey Industries (SJI)
  • STAAR Surgical Co (STAA)
  • STEC Inc (STEC)
  • Sunoco Logistics Partners LP (SXL)
  • Sycamore Networks Inc (SCMR)
  • Symmetricom Inc (SYMM)
  • Synaptics Inc (SYNA)
  • Take-Two Interactive Software Inc (TTWO)
  • Telefonica SA (TEF)
  • Tenet Healthcare Corp (THC)
  • Trailer Bridge Inc (TRBR)
  • TTI Team Telecom International Ltd (TTIL)
  • Watsco Inc (WSO)

View the entire Zacks #1 Rank List.

 


"AEIS" Free Stock Analysis: Buy? Sell? Hold?
"AMMD" Free Stock Analysis: Buy? Sell? Hold?
"BCE" Free Stock Analysis: Buy? Sell? Hold?
"BMS" Free Stock Analysis: Buy? Sell? Hold?
"BRGYY" Free Stock Analysis: Buy? Sell? Hold?
"CPKI" Free Stock Analysis: Buy? Sell? Hold?
"KMX" Free Stock Analysis: Buy? Sell? Hold?
"CRI" Free Stock Analysis: Buy? Sell? Hold?
"CMRG" Free Stock Analysis: Buy? Sell? Hold?
"ECPG" Free Stock Analysis: Buy? Sell? Hold?
"HNP" Free Stock Analysis: Buy? Sell? Hold?
"IM" Free Stock Analysis: Buy? Sell? Hold?
"ISLE" Free Stock Analysis: Buy? Sell? Hold?
"JEF" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-29/feed/ 0 Novatel Gains Momentum – Analyst Blog http://www.straightstocks.com/stock-watch/novatel-gains-momentum-analyst-blog/ http://www.straightstocks.com/stock-watch/novatel-gains-momentum-analyst-blog/#comments Thu, 09 Jul 2009 18:02:14 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/22015/Novatel+Gains+Momentum+-+Analyst+Blog The MiFi line of products, the industry’s first Intelligent Mobile Hotspot, is getting increasing market traction. This product has been developed by Novatel Wireless Inc (NVTL), a leading provider of wireless data access cards and embedded solutions.

Yesterday, Novatel entered into an agreement with Moblix to sell MiFi products in Central & Eastern Europe and the Middle East using Moblix’s reseller channel. 3G mobile broadband networks are being increasingly deployed in these regions by several telecom carriers.

MiFi is an ultra-portable wireless device, creating an environment of high-speed internet connectivity that can be easily shared by multiple users using up to five Wi-Fi devices. Novatel has developed MiFi for both EV-DO and HSPA standards and has also begun shipment to Verizon Wireless (VZ) and Telefonica SA (TEF). Another major U.S. carrier, Sprint-Nextel (S) has also announced a deal with Novatel to launch MiFi.

According to our assessment, diversification into this unique product line gives Novatel a comparative advantage over Sierra Wireless (SWIR) and Kyocera Corp. (KYO) in its traditional mobile data access card market. This is particularly important as several large telecom equipment makers like Qualcomm (QCOM), L.M. Ericsson (ERIC), and Huawei Technologies have entered the mobile computing market with advance chipsets that combine broadband modem technology compatible with high-speed 3G networks.

Novatel has decided to develop an open platform ecosystem based on MiFi technology for applications and services delivery. The company is working with Alcatel-Lucent (ALU) to integrate its Nonstop Laptop Guardian platform on the HSPA version of MiFi.

Novatel is also commercializing the first phase of its own content delivery portal supported by the MiFi platform. MiFi devices will contain onboard this intelligent server application. This development will include portals providing customized content.

Novatel will generate recurring revenue by selling mobile content to its carrier customers. We reiterate our Buy recommendation for Novatel.


Read the full analyst report on "NVTL"
Read the full analyst report on "VZ"
Read the full analyst report on "TEF"
Read the full analyst report on "S"
Read the full analyst report on "SWIR"
Read the full analyst report on "KYO"
Read the full analyst report on "QCOM"
Read the full analyst report on "ERIC"
Read the full analyst report on "ALU"
Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/novatel-gains-momentum-analyst-blog/feed/ 0 Millicom Seeks to Lower Leverage – Analyst Blog http://www.straightstocks.com/stock-watch/millicom-seeks-to-lower-leverage-analyst-blog/ http://www.straightstocks.com/stock-watch/millicom-seeks-to-lower-leverage-analyst-blog/#comments Thu, 09 Jul 2009 15:28:34 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/22003/Millicom+Seeks+to+Lower+Leverage+-+Analyst+Blog Millicom is Consolidating its Balance Sheet

Millicom International Cellular S.A. (MICC), a Luxemburg-based leading global wireless service provider in various emerging markets, is exploring all options to improve its highly leveraged balance sheet.

The company had approximately $2.2 billion of total debt and $729 million of cash & cash equivalent at the end of the first quarter 2009. Management has taken several decisions, the first of which is to reduce its capital expenditure.

Historically, Millicom has benefited from the huge capital expenditure it had undertaken to expand and upgrade networks, which resulted in significant subscriber growth and record revenue. Since a major part of fiscal 2008 capital spending was earmarked to improve network coverage, it is expected that the company will now benefit from service expansion.

Management has stated that capital spending will decrease to $850 million in 2009, compared to $1.43 billion in the previous year, improving the company’s ability to generate sizable positive free cash.

Secondly, Millicom’s strategy of offering prepaid cards through mass-market distribution and non-traditional channels, such as street vendors and freelance distributors, has proven to be effective. This method enables the company to keep costs low and margins high.

EBITDA margin reached 45% during the first quarter of 2009, which was the long-run target announced by management. The company guided EBITDA margin to remain near 45% in fiscal 2009, a respectable level for telecommunications carriers.

Thirdly, Millicom has decided to disinvest its Asian operations consisting of Cambodia, Sri Lanka and Laos. The major concerns in these markets for Millicom are increased competition and an extremely tight credit market. The Asian region contributed just 8% of the company’s total revenue and its EBITDA contribution is even lower at 6% of the total.

Overall ARPU in Asia was just $6.2 in the first quarter of 2009, compared to $6.6 in the previous quarter and a massive $8.7 in the year-ago quarter. Disinvestment of Asian operation is expected to provide $500 million - $600 million of cash.

Millicom’s other operations in Central America, Latin America and African regions are performing in line with its expectations despite stiff competition from several global telecom operators like America Movil (AMX), Telekom Argentina (TEO), Telefonica S.A. (TEF), and Telefonos de Mexico (TMX). We maintain Hold recommendation for Millicom.


Read the full analyst report on "MICC"
Read the full analyst report on "AMX"
Read the full analyst report on "TEO"
Read the full analyst report on "TEF"
Read the full analyst report on "TMX"
Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/millicom-seeks-to-lower-leverage-analyst-blog/feed/ 0 Zacks #1 Rank Additions for Monday – Zacks Tale of the Tape http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-monday-zacks-tale-of-the-tape-23/ http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-monday-zacks-tale-of-the-tape-23/#comments Mon, 18 May 2009 12:10:51 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/20254/Zacks+%231+Rank+Additions+for+Monday++-+Zacks+Tale+of+the+Tape Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

  • The AES Corp (AES)
  • Michael Baker Corp (BKR)
  • Ctrip.com International Ltd (CTRP)
  • Huaneng Power International Inc (HNP)
  • POSCO (PKX)
  • Sanofi-Aventis SA (SNY)
  • Telefonica SA (TEF)
  • UGI Corp (UGI)
  • Westpac Banking Corp (WBK)
  • WMS Industries Inc (WMS)

View the entire Zacks #1 Rank List.


"AES" Free Stock Analysis: Buy? Sell? Hold?
"BKR" Free Stock Analysis: Buy? Sell? Hold?
"CTRP" Free Stock Analysis: Buy? Sell? Hold?
"HNP" Free Stock Analysis: Buy? Sell? Hold?
"PKX" Free Stock Analysis: Buy? Sell? Hold?
"SNY" Free Stock Analysis: Buy? Sell? Hold?
"TEF" Free Stock Analysis: Buy? Sell? Hold?
"UGI" Free Stock Analysis: Buy? Sell? Hold?
"WBK" Free Stock Analysis: Buy? Sell? Hold?
"WMS" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-monday-zacks-tale-of-the-tape-23/feed/ 0 Bullish MACD Signal for Telefonica – Zacks Tale of the Tape http://www.straightstocks.com/stock-watch/bullish-macd-signal-for-telefonica-zacks-tale-of-the-tape/ http://www.straightstocks.com/stock-watch/bullish-macd-signal-for-telefonica-zacks-tale-of-the-tape/#comments Tue, 12 May 2009 16:30:59 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/20087/Bullish+MACD+Signal+for+Telefonica+-+Zacks+Tale+of+the+Tape

Telefonica SA's (TEF) MACD indicator has crossed over to bullish territory with a reading of 0.1637. The Zacks #2 Rank ("Buy") stock has advanced more than 2% to $60.79 in morning trade. Analysts have been increasing their full-year earnings estimates, with the consensus up 15 cents over the past 60 days to $6.75 per share. The company is scheduled to report first-quarter earnings tomorrow.

Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/bullish-macd-signal-for-telefonica-zacks-tale-of-the-tape/feed/ 0 Earnings Preview for May 11-15 – Earnings Preview http://www.straightstocks.com/stock-watch/earnings-preview-for-may-11-15-earnings-preview/ http://www.straightstocks.com/stock-watch/earnings-preview-for-may-11-15-earnings-preview/#comments Fri, 08 May 2009 05:00:00 +0000 Charles Rotblut http://www.zacks.com/commentary/10847/Earnings+Preview+for+May+11-15+-+Earnings+Preview Wal-Mart (WMT), Applied Materials (AMAT), J.C. Penney Company (JCP) and Kohl's Corporation (KSS) could top expectations. TW Telecom (TWTC) could disappoint.

Retailers will step into the spotlight this week with their first-quarter results. Joining Dow component Wal-Mart (WMT) will be Abercrombie & Fitch (ANF), J.C. Penney (JCP), J.W. Nordstrom (JWN), Kohl's (KSS), and Macy's (M).

Overall, we have confirmed scheduled reports from 255 companies, 16 of which are in the S&P 500.

The economic calendar will also shine the light on consumer spending with April retail sales and the preliminary University of Michigan consumer confidence survey.

  • Tuesday: March trade balance, April Treasury budget
  • Wednesday: April retail sales, March business inventories, weekly crude inventories
  • Thursday: April producer prices (PPI), weekly initial jobless claims
  • Friday: April consumer prices (CPI), May Empire State (New York) manufacturing survey, April industrial production and capacity utilization, preliminary University of Michigan consumer confidence survey

Fed Chairman Ben Bernanke will speak at an Atlanta Fed conference on Monday evening. His speech is entitled "Supervisory Capital Assessment Program".

May options expire on Friday.

With earnings season nearing a close and the results of the stress test out, there are fewer catalysts to move the markets. This could set the stage for a pullback, or a prolonged trading range.

What will be interesting this week, however, is whether positive earnings surprises from retailers give the rally one last boost or if a "sell on the news" scenario develops.

Companies That Could Issue Positive Earnings Surprises

Yesterday, J.C. Penney Company (JCP) said April same-store sales fell 6.6%, far better than the company's guidance for a 9% to 12% drop. Based on the April sales numbers, and cost-cutting measures, the company now anticipates profits between 9 and 11 cents per share. This is far above the consensus estimate of 2 cents per share. (Most brokerage analysts have yet to adjust their projections.) JCP has topped expectations for 6 consecutive quarters. J.C. Penney is scheduled to report on Friday, May 15, before the start of the trading.

Kohl's Corporation (KSS) also used better-than-feared same-store sales as a reason to raise its guidance. The 6.2% decline in comparable store sales, combined with higher margins, should lead to first-quarter profits of 43 to 44 cents per share. (Previously, the company guided for profits of 27 and 34 cents per share.) Recent revisions have the consensus earnings estimate at 43 cents per share. KSS has topped expectations nearly every quarter during the past 3 years. Kohl's is scheduled to report on Thursday, May 14, before the start of trading.

Wal-Mart (WMT) did not provide updated guidance, but it did say that April same-store sales rose 5%, excluding fuel. A recent revision has the most accurate estimate suggesting some upside with projected profits of 77 cents per share, a Penney above the consensus estimate. The discount retailer has topped expectations for 3 consecutive quarters. Wal-Mart is scheduled to report on Thursday, May 14, before the start of trading.

Moving out of the retail sector, Applied Materials (AMAT) could be a stock to keep an eye on. The company has beat expectations during 7 out of the last 8 quarters. Though the consensus estimate has not changed ahead of the company's fiscal third-quarter report, the most accurate estimate is slightly more bullish and calls for a loss of 9 cents per share. (The consensus estimate projects a loss of 10 cents per share.) AMAT is scheduled to report on Tuesday, May 12, after the close of trading.

Companies That Could Issue Negative Earnings Surprises

TW Telecom (TWTC) has missed expectations for 3 consecutive quarters. The most accurate estimate is a penny worse than the consensus estimate and calls for a loss of 2 cents per share. This is a sign that the company could disappoint investors again. TW Telecom is scheduled to report on Tuesday, May 12, before the start of trading.

Charles Rotblut, CFA is the senior market analyst for Zacks.com. He can be reached at crotblut@zacks.com.

Surprise Trader can help you turn earnings surprises into quick profits. Learn how.

Earnings Calendar

Here is a list of companies that we have confirmed will report during the week of May 11 - 151. Prices are as of Thursday's, May 7, market close.

Company Ticker Zacks
Consensus
Estimate 		Year Ago
Actual 		Last Qtr
Surprise 		Date Time Price
51Jobs Inc-Adr JOBS $0.01 $0.11 (33.3%) 5/11 AMC $8.79
Abraxas Pete/Nv AXAS $0.02 $0.07 1025.0% 5/11 AMC $1.22
Acadia Pharma ACAD ($0.36) ($0.44) 0.0% 5/11 AMC $1.74
Adv Battry Tech ABAT $0.08 $0.08 (25.0%) 5/11 AMC $3.48
Allied Cap New ALD $0.14 $0.43 (13.6%) 5/11 BTO $3.00
Ambac Finl Inc ABK ($0.85) ($6.93) (391.2%) 5/11 BTO $1.32
Amer Orient Bio AOB $0.11 $0.12 (3.9%) 5/11 BTO $5.10
Amer Pac Corp APFC $0.18 $0.22 (53.9%) 5/11 N/A $7.14
Amer States Wtr AWR $0.23 $0.30 11.1% 5/11 N/A $33.70
Amicas Inc AMCS ($0.01) $0.01 40.0% 5/11 AMC $2.48
Arena Pharma ARNA ($0.69) ($0.75) (7.7%) 5/11 AMC $2.65
Ark Restaurants ARKR $0.03 $0.10 (16.7%) 5/11 N/A $12.04
Atlas Pipln Hld AHD ($0.03) ($0.10) 1300.0% 5/11 BTO $3.04
Atlas Pipln Ptr APL ($0.02) $0.51 88.6% 5/11 BTO $4.72
Avi Biopharm AVII ($0.03) ($0.08) 60.0% 5/11 N/A $0.92
Bpz Resources BPZ ($0.05) ($0.10) (500.0%) 5/11 N/A $6.45
Broadridge Finl BR $0.22 $0.26 16.7% 5/11 BTO $18.91
Callon Pete-Del CPE ($0.04) $0.35 (711.1%) 5/11 AMC $2.12
Care Investment CRE $0.17 $0.17 (147.1%) 5/11 BTO $4.97
Carrizo Oil&Gas CRZO $0.22 $0.46 (8.7%) 5/11 BTO $17.05
Cdc Corp CHINA $0.01 ($0.02) 0.0% 5/11 AMC $1.49
China Fire&Sec CFSG $0.20 $0.17 9.1% 5/11 BTO $11.58
China Precision CPSL $0.05 $0.10 (140.0%) 5/11 BTO $2.59
China Public Sc CPBY $0.13 N/A (14.3%) 5/11 BTO $3.80
Chinacast Educ CAST $0.07 N/A (10.0%) 5/11 AMC $4.92
Clear Chanl Out CCO ($0.19) $0.04 (120.0%) 5/11 BTO $4.80
Coeur Dalene Mi CDE $0.00 $0.01 200.0% 5/11 BTO $1.45
Cogdell Spencer CSA $0.31 $0.29 0.0% 5/11 AMC $5.79
Conseco Inc CNO $0.21 $0.11 (13.3%) 5/11 BTO $2.08
Ctrip.Com Intl CTRP $0.20 $0.20 13.0% 5/11 AMC $33.00
Cumulus Media CMLS ($0.09) ($0.10) (755.6%) 5/11 N/A $1.17
Cytori Therapeu CYTX ($0.18) ($0.34) 12.0% 5/11 N/A $2.02
Decode Genetics DCGN ($0.26) ($0.44) (66.7%) 5/11 AMC $0.36
Dish Network Cp DISH $0.57 $0.57 (2.0%) 5/11 BTO $14.58
Dts Inc DTSI $0.12 $0.18 33.3% 5/11 AMC $24.49
Echostar Corp SATS $0.04 $0.06 134.4% 5/11 BTO $17.08
Emcore Corp EMKR ($0.17) ($0.20) (37.5%) 5/11 AMC $1.34
Emeritus Corp ESC ($0.47) ($0.65) (7.0%) 5/11 AMC $10.62
Ener1 Inc HEV ($0.12) ($0.15) (50.0%) 5/11 AMC $6.72
Energy Conv Dev ENER $0.07 $0.25 10.0% 5/11 BTO $15.89
Englobal Corp ENG $0.13 $0.15 (21.1%) 5/11 BTO $5.67
Flamel Tech FLML ($0.14) ($0.15) (450.0%) 5/11 BTO $5.97
Fluor Corp-New FLR $0.93 $0.75 13.0% 5/11 AMC $41.71
Force Protectn FRPT $0.09 $0.10 54.5% 5/11 BTO $6.96
Fushi Copperwld FSIN $0.12 $0.26 23.1% 5/11 BTO $6.34
Gastar Expl Ltd GST ($0.02) $0.01 100.0% 5/11 AMC $0.58
General Steel GSI $0.08 $0.06 10.0% 5/11 BTO $6.00
Gilat Satellite GILT $0.02 $0.13 (600.0%) 5/11 BTO $3.64
Glg Partners GLG $0.03 $0.10 28.6% 5/11 BTO $3.30
Global Traffic GNET ($0.04) ($0.01) 0.0% 5/11 BTO $3.91
Globaloptions GLOI ($0.04) ($0.45) (100.0%) 5/11 BTO $1.45
Granite City Fd GCFB ($0.19) ($0.27) (41.2%) 5/11 AMC $0.69
Great Plains En GXP ($0.01) $0.15 (65.2%) 5/11 AMC $14.73
Gtx Inc GTXI ($0.38) ($0.35) 2.6% 5/11 BTO $9.53
Hackett Group HCKT $0.02 $0.06 (9.1%) 5/11 AMC $2.20
Healthcare Rlty HR $0.38 $0.39 0.0% 5/11 AMC $16.12
Hillenbrand Inc HI $0.45 $0.55 4.8% 5/11 BTO $18.03
Hitachi HIT ($0.88) ($1.74) (3505.6%) 5/11 N/A $36.71
Hospitality Prp HPT $0.89 $1.18 (2.1%) 5/11 AMC $12.70
Houston Wire&Cb HWCC $0.12 $0.37 0.0% 5/11 BTO $9.48
Hq Sustainable HQS $0.01 ($0.09) 79.2% 5/11 AMC $9.50
Inter Parfums IPAR $0.18 $0.28 4.8% 5/11 AMC $8.03
Ipcs Inc IPCS $0.07 ($0.09) 100.0% 5/11 BTO $14.22
Kaman Corp A KAMN $0.31 $0.35 (35.0%) 5/11 N/A $16.55
Kapstone Paper KPPC $0.11 $0.21 (30.0%) 5/11 BTO $3.03
Kenexa Corp KNXA $0.10 $0.20 3.5% 5/11 AMC $7.91
King Pharmaceut KG $0.13 $0.37 4.3% 5/11 BTO $8.72
Kohlberg Capitl KCAP $0.31 $0.49 106.9% 5/11 BTO $3.55
Lsb Inds Inc LXU $0.15 $0.46 0.0% 5/11 N/A $10.95
Maiden Holdings MHLD $0.28 $0.21 9.7% 5/11 BTO $4.79
Mariner Egy Inc ME $0.01 $0.82 (26.1%) 5/11 AMC $12.55
Markwest Egy Pt MWE $0.20 $0.54 (2800.0%) 5/11 AMC $15.54
Matrixx Inititv MTXX $0.23 $0.59 61.3% 5/11 AMC $16.54
Maxygen Inc MAXY ($0.24) ($0.37) 43.3% 5/11 AMC $4.88
Mcdermott Intl MDR $0.31 $0.54 (17.4%) 5/11 AMC $17.78
Mediacom Comm MCCC $0.11 ($0.31) (166.7%) 5/11 BTO $5.09
Medivation Inc MDVN ($0.32) ($0.54) (44.4%) 5/11 AMC $18.91
Mindray Medical MR $0.25 $0.23 6.9% 5/11 AMC $24.42
Molecular Insit MIPI ($0.62) ($0.79) 29.2% 5/11 BTO $3.72
Nam Tai Electrs NTE ($0.01) $0.18 (33.3%) 5/11 BTO $4.44
Napco Security NSSC $0.00 $0.07 (154.6%) 5/11 BTO $1.71
Natl Finl Ptnrs NFP $0.47 $0.61 9.4% 5/11 AMC $8.23
Nautilus Inc NLS ($0.12) $0.02 (135.7%) 5/11 N/A $0.99
Neenah Paper NP ($0.40) $0.57 0.0% 5/11 AMC $6.95
Nelnet Inc Cl-A NNI $0.29 $0.28 68.4% 5/11 AMC $5.97
Netw Equip Tech NWK ($0.06) $0.06 56.0% 5/11 AMC $3.93
Ngas Resources NGAS ($0.01) $0.01 200.0% 5/11 AMC $2.62
Nissan Adr NSANY ($0.37) $0.58 N/A 5/11 N/A $10.35
Nuance Comm Inc NUAN $0.16 $0.13 18.8% 5/11 AMC $13.10
Orbcomm Inc ORBC ($0.04) ($0.01) (400.0%) 5/11 N/A $1.59
Ormat Tech Inc ORA $0.28 $0.24 8.3% 5/11 BTO $36.71
Oxigene Inc OXGN ($0.14) ($0.19) 12.5% 5/11 N/A $0.89
Patriot Cap Fdg PCAP $0.24 $0.33 7.4% 5/11 BTO $2.11
Petmed Express PETS $0.22 $0.20 5.0% 5/11 BTO $15.45
Petrobras-Adr C PBR $0.44 $1.02 (5.8%) 5/11 N/A $38.32
Physicians Form FACE $0.14 $0.34 8.3% 5/11 N/A $3.46
Pike Electric PEC $0.11 $0.13 (33.3%) 5/11 AMC $10.60
Playboy Entrp-B PLA ($0.18) ($0.06) 975.0% 5/11 BTO $3.12
Pmfg Inc PMFG $0.08 $0.22 57.1% 5/11 N/A $5.89
Pmi Group PMI ($1.69) ($3.37) (42.1%) 5/11 BTO $1.27
Priceline.Com PCLN $0.73 $0.62 14.4% 5/11 BTO $100.80
Prospect Cap Cp PSEC $0.41 $0.54 (8.7%) 5/11 AMC $9.91
Quest Software QSFT $0.20 $0.16 7.1% 5/11 AMC $14.25
Rackspace Hostg RAX $0.05 N/A 100.0% 5/11 AMC $8.81
Rcm Tech Inc RCMT ($0.04) $0.07 (25.0%) 5/11 N/A $1.35
Reliant Egy Inc RRI ($0.08) $0.13 0.0% 5/11 BTO $4.71
Rosetta Resrcs ROSE $0.05 $0.54 (77.8%) 5/11 N/A $7.51
Sanders Mrs Hrs SMHG $0.00 ($0.08) 30.0% 5/11 N/A $5.26
Sciclone Pharma SCLN $0.01 ($0.12) (600.0%) 5/11 AMC $1.77
Silicon Motion SIMO ($0.18) $0.39 40.0% 5/11 AMC $3.52
Silver Wheaton SLW $0.06 $0.11 33.3% 5/11 BTO $8.73
South Jersey In SJI $1.33 $1.32 (1.5%) 5/11 BTO $34.80
Southn Union Co SUG $0.51 $0.64 6.8% 5/11 BTO $15.97
Statoil Asa-Adr STO $0.30 $0.94 (81.6%) 5/11 N/A $20.95
Stec Inc STEC $0.11 $0.07 (44.4%) 5/11 AMC $10.07
Sterling Constr STRL $0.26 $0.23 (12.5%) 5/11 BTO $18.12
Superior Well SWSI ($0.05) $0.10 2.1% 5/11 BTO $13.99
Targacept Inc TRGT ($0.31) ($0.24) 33.3% 5/11 BTO $2.83
Tecumseh Pdts-A TECUA $0.17 $0.41 (58.0%) 5/11 AMC $11.17
Teletech Hldgs TTEC $0.21 N/A (4.0%) 5/11 AMC $11.79
Tier Tech Inc TIER ($0.08) ($0.15) (200.0%) 5/11 N/A $6.04
Travelcenters TA ($1.21) ($3.41) 128.6% 5/11 AMC $2.70
Utd Western Bcp UWBK $0.31 $0.46 (29.3%) 5/11 AMC $9.44
Verenium Corp VRNM ($0.17) ($0.38) 26.9% 5/11 AMC $0.61
Virgin Mobile VM $0.13 $0.07 44.4% 5/11 BTO $2.48
Warner Chil-Ltd WCRX $0.39 $0.33 8.1% 5/11 BTO $11.19
Wave Systems -A WAVX ($0.05) ($0.12) 12.5% 5/11 AMC $0.67
Wellcare Health WCG $0.18 $0.03 4.8% 5/11 BTO $19.88
Zhongpin Inc HOGS $0.30 $0.24 14.81% 5/11 N/A $9.84
Allot Comm Ltd ALLT ($0.03) ($0.12) (125.0%) 5/12 BTO $2.26
Amer Italian AIPC $0.71 N/A 81.4% 5/12 BTO $30.63
Appld Matls Inc AMAT ($0.10) $0.24 100.0% 5/12 AMC $11.85
Aracruz Cel-Adr ARA ($0.20) $0.92 (25.2%) 5/12 BTO $15.39
Authentec Inc AUTH ($0.16) $0.01 20.0% 5/12 AMC $1.82
Bluephoenix Sol BPHX $0.07 $0.15 (50.0%) 5/12 BTO $2.05
Bmc Software BMC $0.56 $0.53 9.6% 5/12 AMC $34.37
China Auto Sys CAAS $0.08 $0.18 12.5% 5/12 BTO $4.87
China Dig Tv STV $0.14 $0.19 75.0% 5/12 AMC $9.91
Clean Diesel CDTI ($0.18) ($0.20) (52.0%) 5/12 AMC $1.69
Consoltd Water CWCO $0.14 $0.12 0.0% 5/12 BTO $12.41
Dover Saddlery DOVR ($0.13) ($0.07) (25.0%) 5/12 BTO $2.50
Electro Sci Ind ESIO ($0.28) $0.18 22.2% 5/12 AMC $8.43
Emp Distrib Y C EDN $0.18 $0.01 N/A 5/12 BTO $5.03
Fossil Inc FOSL $0.16 $0.43 0.0% 5/12 BTO $19.24
Genta Inc GNTA ($0.21) ($0.29) 108.7% 5/12 BTO $0.01
Great Atl & Pac GAP ($0.22) ($0.86) (285.7%) 5/12 N/A $6.56
Gt Solar Intl SOLR $0.19 N/A 25.0% 5/12 AMC $7.85
Hearusa Inc EAR ($0.03) ($0.02) (33.3%) 5/12 N/A $0.75
Inhibitex Inc INHX ($0.07) ($0.08) 20.0% 5/12 BTO $0.32
Insight Entrprs NSIT $0.01 $0.24 0.0% 5/12 BTO $5.86
Kratos Defense KTOS $0.01 ($0.03) 100.0% 5/12 AMC $0.77
Learning Tree LTRE ($0.14) $0.08 (8.3%) 5/12 AMC $8.10
Lime Energy Co LIME ($0.42) ($0.55) 35.7% 5/12 AMC $3.80
Mbia Inc MBI $0.26 ($3.01) (414.6%) 5/12 BTO $6.39
Natl Cinemedia NCMI $0.01 ($0.01) (3.9%) 5/12 AMC $14.92
Nippon Tele-Adr NTT $0.11 $230.61 146.9% 5/12 N/A $18.84
O Charleys CHUX ($0.01) $0.22 46.4% 5/12 BTO $7.13
Pan Amer Silver PAAS $0.09 $0.38 (76.9%) 5/12 AMC $19.18
Qualstar Corp QBAK ($0.05) ($0.03) (66.7%) 5/12 AMC $2.11
Rentech Inc RTK ($0.02) ($0.14) 0.0% 5/12 N/A $0.70
Sport Supply Gp RBI $0.25 $0.25 0.0% 5/12 AMC $6.45
Summer Infant SUMR $0.05 $0.07 0.0% 5/12 AMC $2.75
Ticketmaster En TKTM $0.16 N/A (44.8%) 5/12 AMC $7.17
Tw Telecom Inc TWTC ($0.01) ($0.01) (25.0%) 5/12 N/A $9.57
Ultrapetrol Ltd ULTR $0.00 $0.18 31.8% 5/12 AMC $4.64
Warnaco Grp Inc WRC $0.74 $0.99 70.6% 5/12 BTO $27.89
Western Gas Ptr WES $0.31 N/A (3.2%) 5/12 AMC $14.74
Winn-Dixie Strs WINN $0.12 $0.28 25.0% 5/12 AMC $11.51
Yucheng Technol YTEC $0.06 $0.10 (3.3%) 5/12 BTO $7.48
Acorn Intl-Adr ATV $0.00 $0.08 0.0% 5/13 BTO $3.55
Acxiom Corp ACXM $0.22 $0.15 17.6% 5/13 AMC $9.23
Aegean Marine ANW $0.32 $0.18 0.0% 5/13 AMC $16.03
Allianz ]]> http://www.straightstocks.com/stock-watch/earnings-preview-for-may-11-15-earnings-preview/feed/ 0 Telefonica Moves into Oversold Territory – Zacks Tale of the Tape http://www.straightstocks.com/stock-watch/telefonica-moves-into-oversold-territory-zacks-tale-of-the-tape/ http://www.straightstocks.com/stock-watch/telefonica-moves-into-oversold-territory-zacks-tale-of-the-tape/#comments Fri, 01 May 2009 20:47:42 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/19769/Telefonica+Moves+into+Oversold+Territory+-+Zacks+Tale+of+the+Tape

Telefonica SA's (TEF) share price has moved into oversold territory with a stochastic value of 13.44. The full-year consensus estimate has increased by 30 cents over the past month to $6.75 per share. Telefonica is a Zacks #2 Rank ("Buy") company.

Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/telefonica-moves-into-oversold-territory-zacks-tale-of-the-tape/feed/ 0 Zacks #1 Rank Additions for Tuesday – Zacks Tale of the Tape http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-11/ http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-11/#comments Tue, 17 Feb 2009 14:17:42 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/17448/Zacks+%231+Rank+Additions+for+Tuesday+-+Zacks+Tale+of+the+Tape Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

  • Aaron Rents Inc (RNT)
  • Access National Corp (ANCX)
  • Acxiom Corp (ACXM)
  • American Financial Group (AFG)
  • Amerisafe Inc (AMSF)
  • Applied Micro Circuits Corp (AMCC)
  • ARM Holdings plc (ARMH)
  • AsiaInfo Holdings Inc (ASIA)
  • Baxter International Inc (BAX)
  • Briggs & Stratton Corp (BGG)
  • Broadridge Financial Solutions Inc (BR)
  • Canadian Natural Resource Ltd (CNQ)
  • Capella Education Co (CPLA)
  • Chinacast Education Corp (CAST)
  • Churchill Downs Inc (CHDN)
  • Citi Trends Inc (CTRN)
  • Cooper Companies Inc (COO)
  • Cosan Ltd (CZZ)
  • DaVita Inc (DVA)
  • DTS Inc (DTSI)
  • Energy Recovery Inc (ERII)
  • EZCORP Inc (EZPW)
  • Flanders Corp (FLDR)
  • FPIC Insurance Group Inc (FPIC)
  • HMS Holdings Corp (HMSY)
  • Horsehead Holding Corp (ZINC)
  • Immucor Inc (BLUD)
  • Jarden Corp (JAH)
  • J&J Snack Foods Corp (JJSF)
  • Knightsbridge Tankers Ltd (VLCCF)
  • Lundin Mining Corp (LMC)
  • MAP Pharmaceuticals Inc (MAPP)
  • MAXIMUS Inc (MMS)
  • Medivation Inc (MDVN)
  • Metavante Technologies Inc (MV)
  • Monro Muffler Brake Inc (MNRO)
  • Mylan Inc (MYL)
  • Nash-Finch Co (NAFC)
  • NxStage Medical Inc (NXTM)
  • Optimer Pharmaceuticals Inc (OPTR)
  • Pennichuck Corp (PNNW)
  • Portugal Telecom SGPS (PT)
  • POSCO (PKX)
  • ResMed Inc (RMD)
  • RLI Corp (RLI)
  • Rogers Communications Inc (RCI)
  • Rollins Inc (ROL)
  • Silgan Holdings Inc (SLGN)
  • Smith & Wesson Holding Corp (SWHC)
  • Southern Community Financial Corp (SCMF)
  • Stericycle Inc (SRCL)
  • Stockhouse Inc (STKH)
  • Telefonica SA (TEF)
  • TELUS Corp (TU)
  • TransDigm Group Inc (TDG)
  • Transition Therapeutics Inc (TTHI)
  • Tucows Inc (TCX)
  • U.S. Geothermal Inc (HTM)
  • VanceInfo Technologies Inc (VT)
  • Watson Pharmaceuticals Inc (WPI)
  • Zurich Fincl Svcs (ZFSVF)


View the entire Zacks #1 Rank List.

Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-11/feed/ 0 Investors Cheer Ariba, Inc. (ARBA) FY Q1 2009 Financial Results http://www.straightstocks.com/small-cap-and-micro-cap-stocks/investors-cheer-ariba-inc-arba-fy-q1-2009-financial-results/ http://www.straightstocks.com/small-cap-and-micro-cap-stocks/investors-cheer-ariba-inc-arba-fy-q1-2009-financial-results/#comments Fri, 30 Jan 2009 16:20:52 +0000 QualityStocks http://Blog.QualityStocks.net/?p=14341 http://www.straightstocks.com/small-cap-and-micro-cap-stocks/investors-cheer-ariba-inc-arba-fy-q1-2009-financial-results/feed/ 0 Zacks #1 Rank Additions for Tuesday – Zacks Tale of the Tape http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-10/ http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-10/#comments Tue, 27 Jan 2009 07:13:24 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/17008/Zacks+%231+Rank+Additions+for+Tuesday++-+Zacks+Tale+of+the+Tape Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

  • ACE Ltd (ACE)
  • The Advisory Board Co (ABCO)
  • Alliance Imaging Inc (AIQ)
  • Allied World Assurance Holdings Ltd (AWH)
  • American Tower Corp (AMT)
  • Arena Pharmaceuticals Inc (ARNA)
  • Ariad Pharmaceuticals Inc (ARIA)
  • Beneficial Mutual Bancorp Inc (BNCL)
  • CapLease Inc (LSE)
  • Chinacast Education Corp (CAST)
  • Choice Hotels International Inc (CHH)
  • Corinthian Colleges Inc (COCO)
  • CTI Industries Corp (CTIB)
  • Daimler AG (DAI)
  • deCODE genetics Inc (DCGN)
  • DeVry Inc (DV)
  • Diageo plc (DEO)
  • Dollar Tree Inc (DLTR)
  • Energy Recovery Inc (ERII)
  • Foster's Group Ltd (FBRWY)
  • Huron Consulting Group (HURN)
  • Imperial Oil Ltd (IMO)
  • INX Inc (INXI)
  • J&J Snack Foods Corp (JJSF)
  • Jazz Pharmaceuticals Inc (JAZZ)
  • Knight Capital Group Inc (NITE)
  • Kraft Foods Inc (KFT)
  • MAKO Surgical Corp (MAKO)
  • Netezza Corp (NZ)
  • Nord Resources Corp (NRDS)
  • Northern Dynasty Minerals Ltd (NAK)
  • Palatin Technologies Inc (PTN)
  • Panasonic Corp (PC)
  • Portugal Telecom SGPS (PT)
  • Repsol YPF SA (REP)
  • Koninklijke KPN NV (KKPNY)
  • Sangamo Biosciences Inc (SGMO)
  • SkillSoft Public Limited Co (SKIL)
  • Sony Corp (SNE)
  • Starent Networks Corp (STAR)
  • Suburban Propane Partners LP (SPH)
  • Telefonica SA (TEF)
  • Telenor ASA (TELNY)
  • Thomson Reuters Corp (TRI)
  • Tokio Marine Holdings Inc (TKOMY)
  • Vivo Participacoes SA (VIV)
  • Western Refining Inc (WNR)
  • ZymoGenetics Inc (ZGEN)


View the entire Zacks #1 Rank List.

Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/zacks-1-rank-additions-for-tuesday-zacks-tale-of-the-tape-10/feed/ 0 Keeping TEF A Hold – Analyst Blog http://www.straightstocks.com/stock-watch/keeping-tef-a-hold-analyst-blog/ http://www.straightstocks.com/stock-watch/keeping-tef-a-hold-analyst-blog/#comments Fri, 26 Dec 2008 11:59:34 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/16550/Keeping+TEF+A+Hold+-+Analyst+Blog We maintain our Hold rating for Telefonica S.A. (TEF), the largest telecommunications company in Spain and Latin America. The company's latest quarterly performance reflected modest revenue improvement with lower contributions from domestic and European regions, offset by respectable growth in its Latin American segment.

On a positive note, strong business momentum across wireless, broadband, and Pay TV operating segments coupled with healthy contributions from Latin America boosted solid net subscriber additions. Telefonica continues to dedicate a significant portion of its strong free cash flow to remunerate shareholders through respectable dividend payouts and share repurchase initiatives.

However, the environment remains challenging with intensifying competition and we are exercising caution with regard to the company's aggressive acquisition strategy. Additionally, reduced tariff rates imposed by Spanish and European regulations are tightening wireless revenue per user and stagnation in the domestic wireline business is expected to continue in future reporting periods. There is also the possibility of cur currency exchange weakness, associated with the Euro versus U.S.D.

Telefonica is trading at 8.3x our 2009 earnings estimate, which is at a discount to the industry average as well as to the S&P 500 metric. We are reducing our six-month price target to $72 per ADS based on 9x our 2009 EPADS estimate.

Anindya Barman contributed to the report.

Read the full analyst report on TEF


"TEF" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
]]> http://www.straightstocks.com/stock-watch/keeping-tef-a-hold-analyst-blog/feed/ 0 France Telecom Still Ringing http://www.straightstocks.com/stock-watch/france-telecom-still-ringing/ http://www.straightstocks.com/stock-watch/france-telecom-still-ringing/#comments Tue, 26 Aug 2008 15:39:43 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/14422/France+Telecom+Still+Ringing We remain buyers of France Telecom (FTE). Improved free cash flow visibility over the next six months combined with an attractive and safe dividend yield suggest that price momentum may continue, driving the stock to new highs.

We now expect some earnings growth even for 2008, but the main investment thesis for FTE is P/E multiple expansion which is now dramatically taking place. We believe investors aggressively de-rated FTE’s P/E multiple in 2006-2007 due to limited cash flow visibility, but we view those fears as overdone and expect the stock to make new highs going forward.

France Telecom is trading at 12.5x our revised 2008 earnings per ADR estimate, which is a discount to the average telecom operator. We believe the discount should narrow, given France Telecom’s dominant position in the French telecom market (both fixed and wireless), and the potential for dividend increases although to a lesser extent now. We expect the stock to get back to its positive momentum, largely due to the impact of cost cutting and rapidly improving results internationally and in France.

We revise down our target to $40.00 to reflect rising market risk premiums. When looking at its closest peers, Deutsche Telekom (DT) and Telefonica S.A. (TEF), FTE still undervalued. We do not think this valuation gap is sustainable although it has recently narrowed due to the good performance to date of Deutsche Telekom. We believe FTE can still rally up to year end where we will get the final clue towards revenue and cash flow growth.

Read the full analyst report on FTE


Read the full analyst report on DT


Read the full analyst report on TEF


"FTE" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
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