Shares of telecommunications companies ticked up ahead of earnings season. Valuations in the broad market are creeping higher and the telecom sector is among the areas where that is a danger, said one money manager.
"It becomes problematic when you have an industry like telecom growing at 2% a year, commanding 18 times earnings," said Oliver Pursche, market strategist at broker dealer Bruderman Brothers.
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(END) Dow Jones Newswires
October 11, 2017 16:56 ET (20:56 GMT)