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Monday 14 September 2015
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Traders Watch list - Verizon Communications Inc. (NYSE:VZ), SFX Entertainment Inc (NASDAQ:SFXE), Companhia de Saneamento Basico (ADR) (NYSE:SBS)

On Monday, Shares of Verizon Communications Inc. (NYSE:VZ), gained 0.08% to $47.53.

Verizon customers in Georgia are enjoying all of the benefits of America’s most reliable network, according to the latest RootScore Report, conducted by Seattle-based RootMetrics. The results are in and Verizon won the Overall RootScore award in the state of Georgia for the fourth successive year, and also was ranked first in all other categories: reliability, speed, data, call, and text network performance. Additionally, this marks the fourth successive time Verizon’s wireless network has been acknowledged as the leader in overall performance among national wireless service providers in the U.S.

Scores are based on RootMetrics testing performed from January through June 2015. The company evaluated all four U.S. wireless providers in six network performance categories: overall, reliability, speed, data, call, and text performance.

RootMetrics uses scientific methods to conduct their rigorous testing regimen, based on where people actually use their mobile devices. Using off-the-shelf, unaltered smartphones, RootMetrics staff drove 7,297 miles and comprised of more than 200 indoor locations to measure and analyze key performance indicators which provide an unbiased characterization of network attributes in the state of Georgia.

Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.

Shares of SFX Entertainment Inc (NASDAQ:SFXE), declined -4.32% to $1.33, during its last trading session.

NightCulture, and Disco Donnie Presents, a SFX Entertainment partner, are happy to declare the 4th annual “Something Wicked” Halloween Music Festival.

Something Wicked will once again bring its spooky soiree, the largest Halloween dance music festival in Texas, to Houston’s Sam Houston Race Park. A diverse spread of acts will be performing over the course of two days, on Saturday, October 24 and Sunday, October 25.

Mike Long, CEO of NightCulture Inc. stated, “We believe this to be one of the most special and unique festivals in the entire country.” Long concluded, “We are predicting this year to be the largest recorded crowd for the event.”

SFX Entertainment, Inc. engages in the production of live events and digital entertainment content that focuses on the electronic music culture (EMC) and other festivals. The company produces and promotes live EMC festivals and events; produces music tours; and sells event tickets through a ticketing platform, in addition to provides merchandising and related services.

Finally, Companhia de Saneamento Basico (ADR) (NYSE:SBS), ended its last trade with -3.12% loss, and closed at $4.34.

Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based in the number of customers, declared its 2Q15 results.

In 2Q15, net operating revenue, counting construction revenue, reached R$ 2.8 billion; a 2.5% enhance contrast to 2Q14.

Costs and expenses, counting construction costs, totaled R$ 2.4 billion, up by 1.5% contrast to R$ 2.3 billion recorded in 2Q14.

Adjusted EBIT, in the amount of R$ 472.5 million, grew 7.6% from R$ 439.1 million recorded in the same quarter of the previous year.

Adjusted EBITDA, in the amount of R$ 756.6 million, raised 14.3% from R$ 661.7 million recorded in 2Q14 (R$ 3,355.1 million in the last 12 months).

The adjusted EBITDA margin was 26.8% in 2Q15, as compared to 24.0% in 2Q14 (30.6% in the last 12 months). Not taking into account construction revenues and construction costs, the adjusted EBITDA margin was 38.4% in 2Q15 (31.2% in 2Q14 and 42.4% in the last 12 months).

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP provides basic and environmental sanitation services; and supplies treated water on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of Sao Paulo.

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