August Sees Decline in Media and Telecom Capital Markets; Verizon's $2.25B Transaction Remains Top Highlight
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Capital Market Activity Decline: Capital markets activity in North America's media and telecommunications sector fell significantly in August, raising only $4.70 billion compared to $11.42 billion in July and $14.32 billion in August 2024.
Major Offerings and Trends: Verizon's $2.25 billion offering remains the largest of the year, while debt offerings dominated the capital raised, with Charter Communications leading in August with a $1.25 billion issuance of senior secured notes.
Analyst Views on XLC
Wall Street analysts forecast XLC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 116.250
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Current: 116.250
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
