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Henry Boot (LON:BOOT) Upgraded to “Buy” at Peel Hunt

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Henry Boot (LON:BOOT) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a research note issued to investors on Tuesday, August 27th, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities raised shares of Henry Boot to a “buy” rating in a research note on Thursday, May 16th.

LON:BOOT traded up GBX 3 ($0.04) during midday trading on Tuesday, hitting GBX 248.50 ($3.25). 32,606 shares of the stock were exchanged, compared to its average volume of 42,258. Henry Boot has a one year low of GBX 228.16 ($2.98) and a one year high of GBX 300 ($3.92). The company has a market capitalization of $327.58 million and a price-to-earnings ratio of 9.34. The business has a 50-day moving average price of GBX 241.11 and a two-hundred day moving average price of GBX 254.81. The company has a current ratio of 2.48, a quick ratio of 0.94 and a debt-to-equity ratio of 18.76.

In related news, insider Darren Littlewood bought 527 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of GBX 250 ($3.27) per share, with a total value of £1,317.50 ($1,721.55).

About Henry Boot

Henry Boot PLC invests in, develops, and trades in properties in the United Kingdom. It operates through Property Investment and Development, Land Promotion, and Construction segments. The company develops commercial properties and family homes. It is also involved in acquiring, promoting, developing, and trading in land.

Read More: How to Invest in Growth Stocks

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New York Lets T-Mobile, Sprint Merger Go Forward

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The merger of cell phone giants T-Mobile and Sprint won’t face a challenge from New York Attorney General Letitia James, who said Sunday (Feb. 16) she won’t be appealing the decision from the federal judge, according to the Wall Street Journal.

James’ reasoning was that they wanted to work with both companies moving forward, to ensure that customers get the best service and pricing available under the merger. She said in a statement that she wants to work to make sure networks are established throughout the state and that jobs that pay well are created there.

The long-planned merger between T-Mobile and Sprint has been in talks for years. Last week, a Manhattan federal judge ruled in favor of it. The combination was a $26 billion all-stock merger that would create a single cell phone carrier company whose size could rival that of AT&T and Verizon.

A coalition of states led by New York and California has been attempting to block the deal, arguing that only having three major cell phone carriers in the U.S. would have detrimental effects for customers, particularly hurting those with low-cost rate plans.

Subject to some conditions, the U.S. Department of Justice and Federal Communications Commission signed off on the combination. But some states were unconvinced. Last December, they spent two weeks facing off against the carrier companies in a trial, which allowed the states to question the decisions of the government.

California Attorney General Xavier Becerra said on Tuesday that their coalition of states would fight as long as it had to in order to protect innovation and keep rates competitive and low.

There are still more obstacles facing T-Mobile and Sprint, however — the Californian independent public utilities commission and the district court in Washington are still reviewing the combination.

And the companies are still negotiating some changes to the merger agreement from April of 2018, which would close by April of this year, according to T-Mobile operating chief Mike Sievert.

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