Telecoms Up on Rate Views - Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies rose as investors rotated back into sectors that fare the best when interest rates are falling.

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Verizon and AT&T may feel pressure from the "wireless wars," as price-cutting for subscribers eats into earnings, said analysts at Morgan Stanley, in a research note. Still, shares of Verizon could "benefit from any agreed merger between T-Mobile US and Sprint primarily on the hope that the industry could become more rational," said the Morgan Stanley analysts.

-By Rob Curran,

(END) Dow Jones Newswires

June 26, 2017 18:13 ET (22:13 GMT)