While the S&P 500 is up 24.6% so far this year, the three major U.S. telecom stocks have been going in the opposite direction. AT&T shares are off nearly 13% in 2021 and near their lowest level in more than a decade. Verizon Communications shares have fallen about 10%, while smaller rival T-Mobile US is off around 9%.
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Investors seek deep value in 'too cheap' telecom shares
Investors seek deep value in 'too cheap' telecom shares
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