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published in Blogs
May 17, 2021

AT&T(T, $32.22) and Discovery (DISCB, $70.51) reportedly in talks for a merger

AT&T is planning to spin off its media business and merge it with Discovery Inc. , according to people familiar with the matter, Bloomberg reported.

A deal could be announced as soon as this week, according to the people, who asked not to be identified (Bloomberg report). The transaction will reportedly be structured as a Reverse Morris Trust, or a merger with another company that’s structured to be tax-free.

The reported deal will combine Discovery’s reality-TV business with AT&T’s media holdings. The merger could potentially be a competitor to entertainment giants Netflix Inc. and Walt Disney Co. 

AT&T acquired some of the biggest brands in entertainment through its acquisition of Time Warner Inc., which was completed in 2018.

Discovery meanwhile is available in 220 countries and territories, and owns brands like Food Network Kitchen, MotorTrend OnDemand, Group Nine Media, Discovery Channel, Travel Channel, MotorTrend, Science Channel and the Oprah Winfrey Network.

 

Related Ticker: T

Aroon Indicator for T shows an upward move is likely

T's Aroon Indicator triggered a bullish signal on February 12, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 229 similar instances where the Aroon Indicator showed a similar pattern. In of the 229 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where T's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on February 28, 2024. You may want to consider a long position or call options on T as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

T moved above its 50-day moving average on February 28, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where T advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for T moved out of overbought territory on February 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 29 similar instances where the indicator moved out of overbought territory. In of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for T turned negative on February 08, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for T crossed bearishly below the 50-day moving average on February 29, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where T declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

T broke above its upper Bollinger Band on February 01, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.172) is normal, around the industry mean (5.300). P/E Ratio (8.594) is within average values for comparable stocks, (107.811). Projected Growth (PEG Ratio) (1.318) is also within normal values, averaging (9.639). Dividend Yield (0.066) settles around the average of (0.085) among similar stocks. P/S Ratio (1.004) is also within normal values, averaging (71.084).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. T’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. T’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.

Notable companies

The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 15.09B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 3%. TAPP experienced the highest price growth at 60%, while CRGE experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was 8% and the average quarterly volume growth was 61%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 60
Price Growth Rating: 52
SMR Rating: 67
Profit Risk Rating: 79
Seasonality Score: 19 (-100 ... +100)
View a ticker or compare two or three
TDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of dsl internet, local and long-distance voice and data services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Major Telecommunications
Address
208 S. Akard Street
Phone
+1 210 821-4105
Employees
160700
Web
https://www.att.com
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T and

Correlation & Price change

A.I.dvisor indicates that over the last year, T has been closely correlated with VZ. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if T jumps, then VZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To T
1D Price
Change %
T100%
-0.18%
VZ - T
69%
Closely correlated
-0.20%
FYBR - T
43%
Loosely correlated
-0.59%
TU - T
40%
Loosely correlated
+0.11%
BCE - T
36%
Loosely correlated
-0.11%
RCI - T
32%
Poorly correlated
-0.29%
More
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