Published On: Tue, Dec 26th, 2017

AT&T Inc. (NYSE:T) Aims To Invest Further $1B in the U.S. in 2018- CenturyLink, Inc. (NYSE:CTL)

AT&T Inc. (NYSE:T) raised 0.15% to settle at $38.94 with the total traded volume of 17.88 Million shares. Telecom giant, AT&T Inc. (T) reiterated on Wednesday its aim to invest further $1B in the U.S. in 2018 if the tax bill is signed into law. The firm’s decision was in recognition of vote by the U.S. Senate to pass tax legislation.

Randall Stephenson, AT&T chairman and CEO, said, “We thank Senate Majority Leader McConnell and Senator Hatch for their hard work to bring about meaningful tax reform that brings the U.S. corporate tax rate in line with the rest of the industrialized world. This bill will spur much-needed investment and economic growth in the United States.”

Since 2012, AT&T has invested more in the United States than any other public company. Based on research, every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers.

The firm’s shares performance for the last one month was 11.67% and 1.83% in the previous week, whereas year to date performance was calculated -8.44%.

CenturyLink, Inc. (NYSE:CTL) stock closed at $17.24 in last session with the total traded volume of 8.63 Million. Glancy Prongay & Murray LLP (GPM) reminded bondholders of the December 26, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of bondholders that purchased 7.60% Senior Notes, Series P, due 2039, of CenturyLink, Inc. (NYSE: CTL) bonds between March 1, 2013 and June 19, 2017, inclusive. CenturyLink bondholders have until December 26, 2017 to file a lead plaintiff motion.

The complaint filed in this class action alleges that defendants during the Class Period made false and misleading statements and/or failed to disclose that: (1) CenturyLink’s policies allowed its employees to add services or lines to accounts without consumer permission, resulting in millions of dollars in unauthorized charges to CenturyLink consumers; (2) CenturyLink’s illicit practices were designed to allow it to gain an advantage over its competitors and to increase profits; (3) CenturyLink’s illicit conduct was likely to subject it to heightened regulatory scrutiny; (4) CenturyLink’s revenues were the product of illicit conduct and were unsustainable; and (5) as a result, CenturyLink’s public statements were materially false and misleading at all relevant times.

As taking short look on the firm profit margin was recorded 1.90%, and operating margin was recorded 11.30%. The Financial Institutional ownership of the firm was 43.80% while by insiders was 3.90%.