Shares of telecommunications companies gave back some recent gains.
Post-earnings rallies for AT&T and Verizon Communications helped the telecom sector lead the stock market for much of the week.
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Analysts at MoffettNathanson said Verizon may have been unfairly punished by the stock market for not making a large acquisition or taking other drastic measures in response to moves from AT&T and other rivals. The MoffettNathanson analysts said Verizon might not need to do anything dramatic to succeed--as long as its network can handle the demand for unlimited data usage and as long as consumers stay willing to pay up for its better service.
-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
July 28, 2017 18:14 ET (22:14 GMT)