Deutsche Telekom's U.S. operations continue to drive the firm's results.
Deutsche Telekom reported second-quarter results that were broadly in line with our expectations, and we are maintaining our fair value estimate and no-moat rating. For the quarter, the firm reported revenue growth of 2.2%, but 3.4% for the first half, versus our full-year projection of 2.7%. Revenue growth continues to be driven by its U.S. operations, which saw a 10.1% year-over-year revenue increase as the firm added another 1.9 million wireless customers in the region during the quarter, ta...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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