T-Mobile US (TMUS) likely will add the most postpaid wireless phone subscribers again in the March quarter but analysts expect AT&T stock and cable TV firms to deliver strong results. Verizon Communications (VZ) kicks off telecom earnings early Wednesday.
T-Mobile has added the most postpaid subscribers annually since 2016. T-Mobile stock has neared an entry point of 135.64. The firm has not yet set a date for its first-quarter earnings report.
AT&T has been aggressive in launching new promotions since the end of 2020. T-Mobile and Verizon recently rolled out new promotions aiming to slow AT&T’s momentum.
AT&T Stock: Cable TV Firms Gain Traction In Wireless
T-Mobile will add 497,000 wireless postpaid phone subscribers in the March quarter, leading the industry, according to consensus estimates. AT&T is expected to add 262,000.
At Credit Suisse, though, analyst Douglas Mitchelson forecasts that AT&T will edge by T-Mobile with 455,000 wireless postpaid phone subscribers in the first quarter, vs. 450,000 for T-Mobile.
“Comcast is the latest wireless player to up the ante with new family offers,” Morgan Stanley analyst Simon Flannery said in a recent report.
Competition From Cable In Wireless
At KeyBanc Capital Markets, analyst Brandon Nispel said in a report: “Wireless competition is high; we see cable adding more postpaid phone customers than wireless carriers in the first quarter.”
Charter will add 295,000 postpaid phone subscribers in the March quarter and Comcast 214,000, according to analyst estimates.
The broadband businesses of cable TV firms, however, could face new challenges, such as 5G wireless.
Verizon stock is expected to report a loss of 198,000 high-spending postpaid wireless phone subscribers in the first quarter. Verizon stock trades below an entry point of 62.05, with a Relative Strength Rating of only 21 out of a best possible 99.
Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.
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