Scotiabank continues to see positive tailwinds for U.S. Telcos ahead of Q3 report

seekingalpha10-19

Scotiabank reiterated its positive view on major U.S. telecoms ahead of their third quarter report and continues to have a positive view on the industry, saying it remains supported by healthy ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2476269626?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/952980894/image_952980894.jpg","is_english":true,"pubTime":"2024-10-19 00:00","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2476269626","market":"sh","top_or_hot":-1,"title":"Scotiabank continues to see positive tailwinds for U.S. Telcos ahead of Q3 report","media":"seekingalpha","content":"<div>\n<p>Scotiabank reiterated its positive view on major U.S. telecoms ahead of their third quarter report and continues to have a positive view on the industry, saying it remains supported by healthy ...</p>\n\n<a href=\"https://seekingalpha.com/news/4175688-scotiabank-continues-to-see-positive-tailwinds-for-us-telcos-ahead-of-q3-report\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Scotiabank continues to see positive tailwinds for U.S. Telcos ahead of Q3 report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nScotiabank continues to see positive tailwinds for U.S. Telcos ahead of Q3 report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-19 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4175688-scotiabank-continues-to-see-positive-tailwinds-for-us-telcos-ahead-of-q3-report><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Scotiabank reiterated its positive view on major U.S. telecoms ahead of their third quarter report and continues to have a positive view on the industry, saying it remains supported by healthy ...</p>\n\n<a href=\"https://seekingalpha.com/news/4175688-scotiabank-continues-to-see-positive-tailwinds-for-us-telcos-ahead-of-q3-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1621767737.EUR","symbol_name":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","start_time":0,"source_url":"https://seekingalpha.com/news/4175688-scotiabank-continues-to-see-positive-tailwinds-for-us-telcos-ahead-of-q3-report","article_id":"2476269626","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/952980894/image_952980894.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476269626","pubTimestamp":1729267232,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Scotiabank reiterated its positive view on major U.S. telecoms ahead of their third quarter report and continues to have a positive view on the industry, saying it remains supported by healthy subscri","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","BK4549":"软银资本持仓","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","T":"美国电话电报","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4515":"5G概念","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","BK4534":"瑞士信贷持仓","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4100":"有线和卫星","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","BK4566":"资本集团","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4559":"巴菲特持仓","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","BK4550":"红杉资本持仓","CMCSA":"康卡斯特","BK4115":"综合电信业务","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","VZ":"威瑞森","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","TMUS":"T-Mobile US Inc","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD"},"translate_title":"丰业银行在第三季度报告发布前继续看到美国电信公司的积极推动力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VZ":0.9,"TMUS":0.9,"T":0.9,"CMCSA":0.9},"content_text":"Scotiabank reiterated its positive view on major U.S. telecoms ahead of their third quarter report and continues to have a positive view on the industry, saying it remains supported by healthy subscriber loading dynamics and positive pricing trends. The research firm noted that the industry is benefiting from lower interest rate expectations with continued positive money flow into the sector. \"The setup in wireless is especially bullish with low industry churn, improving ARPU dynamics, low handset subsidization combined with declining capex spend,\" Scotiabank said in their October 18 note. They said they remain constructive on wireless, but in cable, they expect loading to remain under pressure in the second half of this year. For AT&T (NYSE:T), they expect Q3 revenue growth to be flat and adj. EBITDA growth of 1.9%, driven by mobility and consumer wireline, offset by decline in the business segment and mobility equipment revenues. They forecast the company to add 450K postpaid phone subs with ARPU growth of 1.0% and \"industry-leading\" wireless postpaid phone churn. Scotiabank continues to have a positive outlook for AT&T, especially into 2025, anticipating improved consumer wireline growth and continued mid-single-digit EBITDA growth in mobility to begin to materially offset legacy business services. They kept their \"Sector Outperform\" investment rating on the company. On Verizon (NYSE:VZ), they think it would be key for the company to continue to show y/y improvement in postpaid phone loading and lower leverage. For Q3, they expect VZ to report 220K postpaid phone net additions, with the consumer segment returning to growth after two quarters of share loss. They expect 2025 loading to show improved resilience, with all quarters next year showing positive loading. FCF conversion and growth will be another key metric into next year. \"We believe investors are starting to put more focus on FCF generation vs. EBITDA as the industry undergoes a transformation with respect to capital spending plans and new financing structures to help fund future investments,\" they said. Soctiabank believes T-Mobile's (NASDAQ:TMUS) medium-term outlook continues to be impressive with continuation of leading wireless subscriber loading, service revenue growth, and FCF growth compared to U.S. peers. They expect the company to report 700K postpaid phone net adds in Q3, EBITDA growth of 6.5%, and FCF generation of $4.7B. Albeit they continue to view the long-term growth prospects as very attractive, they lowered their rating to \"sector perform\" from \"sector outperform.\"  For Comcast (NASDAQ:CMCSA), although consensus estimates should be achievable, pressure on broadband loading is likely to remain elevated due to ACP disconnections, but some offsets should be present in terms of seasonality as well, the research firm said. \"All the topline growth in the quarter is expected to come from the content and experiences segment, as subscriber losses in connectivity will counter the expected ARPU growth. On the profitability side, we should see some margin pressure given the higher costs associated with the Olympics in addition to tougher comps on new attractions for theme parks and Studios... We continue to believe that broadband is the main driver for overall stock performance and Comcast,\" Scotiabank said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2476269626"}