Oppenheimer Asset Management Company rates T-Mobile US, AT&T, and Verizon as 'buy', and expects significant upside potential for these stocks.
According to the Zhitong Finance APP, Oppenheimer Asset Management Company rates T-Mobile US (TMUS.US), AT&T (T.US), and Verizon (VZ.US) as 'buy', and expects significant upside potential for these stocks.
Regarding T-Mobile US, Oppenheimer Asset Management Company stated: "Based on its high momentum score, T-Mobile US remains our top choice for investing in the telecommunications industry. We believe $198 is the recent support level (50-day moving average) for the stock price, and there are almost no identifiable resistance levels."
Regarding AT&T, Oppenheimer Asset Management Company stated: "We believe that before AT&T's stock price resumes its upward trend, the recent consolidation phase should alleviate its overbought condition. We consider $20.50 as the support level for the stock price, and $23.50 as the resistance level."
Regarding Verizon, Oppenheimer Asset Management Company stated: "According to our research, Verizon broke through the peak in January 2023 in September, completing a multi-year bottoming formation. $42 is the support level for this stock, and we expect the stock to rise to $49."
Data shows that T-Mobile US, AT&T, and Verizon have risen by 31.5%, 30.2%, and 16.6% respectively since the beginning of this year. For investors seeking broader exposure to the telecommunications industry, exchange-traded funds (ETFs) worth considering include: Vanguard Communications Services ETF (VOX.US), Fidelity MSCI Communication Services Index ETF (FCOM.US), iShares US Telecom ETF (IYZ.US), iShares Global Telecom ETF (IXP.US), SPDR S&P Telecom ETF (XTL.US), and Invesco S&P 500 Equal Weight Communication Services ETF (RSPC.US).