Who are the winners in Piper Jaffray's market weekly on telecommunication services (AKA The Pipe Report)?
“The real value lies in scarcity: carriers with lots of spectrum are winners - those that are constrained are losers, in our opinion,” Piper Jaffray wrote in the report.
“AT&T T and Verizon VZ control the most (valuable) spectrum (not to mention valuable last mile residential and commercial connections), while the tower companies own the infrastructure for that delivery.”
AT&T closed Friday at $27.92; Verizon closed at $36.08.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
