Telecoms Flat As Traders Hedge On Rates View - Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies were flat as traders rotated into defensive, dividend-yielding sector in a hedge on the outlook for interest rates. Sprint shares fell modestly as analysts gave a mixed review to the company's bold offer to give away a year of cell-phone service for free to customers who switched from other carriers.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 15, 2017 16:43 ET (20:43 GMT)