Amazon's Prime Mobile Service Sparks Price-Target Cuts for Telecom Stocks.
TL;DR Summary
Telecom stocks have received price-target cuts due to analyst concerns over Amazon's potential entry into the mobile market. The analyst cited "nerves" over the impact Amazon could have on the industry, leading to a decrease in price targets for several telecom companies.
- Telecom Stocks Get Price- Target Cuts. Analyst Cites 'Nerves' Over Amazon. Barron's
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- Your Amazon Prime Could Cut Your Phone Bill to $10 or Less Yahoo Finance
- Amazon is reportedly trying to offer Prime subscribers free cell phone service Engadget
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