Annual General Meetings, Stock Price Movements, Earnings Releases, Company Updates, and Closing of Stock Offering - Analyst Notes on Rio Tinto, Cameron, ETP, VeriFone and American Tower
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Rio Tinto Plc (NYSE: RIO), Cameron International Corporation (NYSE: CAM), Energy Transfer Partners LP (NYSE: ETP), VeriFone Systems, Inc. (NYSE: PAY) and American Tower Corporation (NYSE: AMT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2500-100free.
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Rio Tinto Plc Analyst Notes
On May 8, 2014, Rio Tinto Plc (Rio Tinto) announced voting results of 2014 annual general meetings of Rio Tinto Plc and Rio Tinto Limited, held on April 15, 2014 and May 8, 2014 respectively. As per the Company, under Rio Tinto's dual listed Company's structure, decisions on important matters affecting shareholders of Rio Tinto Plc and Rio Tinto Limited in similar ways are taken through a joint electoral procedure. For resolutions affecting both the Companies, the shareholders approved reappointment of auditors; re-elected ten directors; and elected two new directors, among various other proposals put forth by Rio Tinto's management. The full analyst notes on Rio Tinto are available to download free of charge at:
http://www.analystsreview.com/2500-RIO-15May2014.pdf
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Cameron International Corporation Analyst Notes
On May 12, 2014, shares of Cameron International Corporation (Cameron) closed at $63.93, up 0.84%, and in line with the broader market index (NYSE Composite), which closed at $10,703.50, up 0.91%. Cameron's stock opened at $63.78 and wavered between $63.34 and $64.26 during the session. The Company's trading volume for the session was 2.74 million shares, significantly lower than the previous day trading volume of 4.94 million. In the last one month, the stock has gained 5.39%, slightly outperforming the NYSE Composite which has strengthened by 4.11% during the same time period. Cameron will hold its annual meeting of stockholders on May 16, 2014 at 11:00 am EDT. Cameron provides flow equipment products, systems and services to worldwide oil, gas and process industries. The full analyst notes on Cameron are available to download free of charge at:
http://www.analystsreview.com/2500-CAM-15May2014.pdf
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Energy Transfer Partners LP Analyst Notes
On May 6, 2014, Energy Transfer Partners LP. (ETP) reported its Q1 2014 financial results. ETP announced Q1 2014 revenues of 12.2 billion, up 12.7% YoY. Income from continuing operations was $467 million, up 16.2% YoY. For Q1 2014, the Company reported diluted income from continuing operations per limited partner unit for of $0.69, as compared to $0.60 in Q1 2013. According to ETP, results for Q1 2014 were favorably impacted by continued growth expansion of its asset platform, an increase in customer demand and an increase in commodity prices. In addition, ETP will pay a quarterly dividend of $0.935 per ETP common unit ($3.74 annualized) on May 15, 2014 to unit holders of record as of the close of business on May 5, 2014. The full analyst notes on ETP are available to download free of charge at:
http://www.analystsreview.com/2500-ETP-15May2014.pdf
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VeriFone Systems, Inc. Analyst Notes
On May 12, 2014, shares of Verifone Systems Inc. (Verifone) closed at $34.94, up 8.78% on high volumes after it was reported that Apple decided to use the Company's technology to advance the safety of Apple's mobile point-of-sale checkout system in U.S. retail stores. As per TheStreet, Verifone's mPOS shell will enclose Apple's iPhone 5 and deliver the added credit card information secure. Earlier, Apple used the iPod Touch and a shell made by Infinite Peripherals to facilitate its EasyPay mPOS payment system. The full analyst notes on VeriFone are available to download free of charge at:
http://www.analystsreview.com/2500-PAY-15May2014.pdf
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American Tower Corporation Analyst Notes
On May 12, 2014, American Tower Corporation (American Tower) announced the completion of the issuance of 6.0 million shares of its 5.25% Mandatory Convertible Preferred Stock, Series A. According to the Company, the amounts sold consist of 750,000 shares of Mandatory Convertible Preferred Stock issued pursuant to the underwriters' full exercise of the option to purchase additional shares. American Tower informed that the offering resulted in net proceeds to the Company of nearly $582.9 million after deducting underwriting discounts and estimated offering expenses. The Company intends to use the net proceeds from this offering to fund acquisitions including that of Richland Properties LLC and other related entities, initially funded by indebtedness incurred under its multi-currency $2.0 billion senior unsecured revolving credit facility. The full analyst notes on AmericanTower are available to download free of charge at:
http://www.analystsreview.com/2500-AMT-15May2014.pdf
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