Telecom Stock Roundup: Disappointing Q4 For Cincinnati Bell, CenturyLink, Mixed Bag For DISH
Zacks Investment Research | Feb 22, 2018 03:29AM ET
The telecom space was rife with earnings reports last week. DISH Network Corp. (NASDAQ:DISH) posted mixed financial results in the fourth quarter of 2017. However, Cincinnati Bell Inc. (NYSE:CBB) , CenturyLink Inc. (NYSE:CTL) , America Movil S.A.B. (NYSE:AMX) and Liberty Global Plc. (NASDAQ:LBTYA) , all reported disappointing results. Notably, all the above-mentioned companies’ top and bottom lines have missed the Zacks Consensus Estimate.
DISH Network’s bottom-line beat the Zacks Consensus Estimate, the top line lagged the same. At the end of 2017, DISH Network had 13.242 million pay-TV subscribers, down 3.1% year over year. DISH TV subscribers were 11.03 million, down 9.4% year over year. Sling TV subscribers were 2.212 million, up 47.4% year over year. During 2017, DISH Network lost 0.995 million DISH TV subscribers but gained 0.711 million Sling TV Customers.
As of Dec 31, 2017, total access lines of CenturyLink were 10.282 million, down 7.3% year over year. High-speed broadband customer count was 5.662 million, down 4.8% year over year. At the end of 2017, Cincinnati Bell had 0.1837 million residential voice lines, down 8.7% year over year and 0.3331 million business voice lines, up 3.3% year over year.
Long distance lines were 0.2936 million, down 7.5%. DSL Internet subscribers were 0.0821 million, down 22.3%. Fioptics Internet customers were 0.2266 million, up 14.7%. Fioptics video subscribers were 0.1465 million, up 6.5% year over year.
In the reported quarter, America Movil added a net 1,680,000 postpaid customers. The company gained 565,000 postpsid subscribers but lost 350,000 prepaid customers. It gained 321,000 broadband connections but lost 278,000 pay-TV ones.
In the reported quarter, Liberty Global added a total of 149,200 RGUs (revenue generating units), including net gains of 116,000 and 87,700 subscribers for broadband Internet and telephony services, respectively. However, the company lost 54,500 video customers. Liberty Global currently carries a Zacks Rank #3 (Hold). You can see Zacks Investment Research
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