During the challenging market conditions over the past year, the telecom sector has felt its fair share of the pain.
BusinessWeek brings Standard & Poor's Todd Rosenbluth who
suggests that some of these telecommunication stocks could now be good investments for traders as they have a safe dividend.
Despite worries tied to the slowing U.S. economy and increased competition, "we think that some of the concerns are overdone and believe selective stocks are attractively valued," Rosenbluth stated. Rosenbluth also noted that telecom stocks have started showing signs of recovery for the past few weeks, helped by the launch of new handsets and merger and acquisition agreements.
Some of investors' favorite companies are
AT&T Co. (NYSE:
T) and
Citizens Communications Co. (NYSE:
CZN). Rosenbluth believes that the launch of
Apple (NASDAQ:
AAPL)'s new iPhone, 3G iPhone, will stir increased demand for smartphones, helping such companies, while putting pricing pressure on some of their competitors.
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