RBC Gets More Positive on Wireless Carriers

24/7 Wall St.

Cell Tower detailOne area that is starting to garner some pretty serious attention recently is the wireless carriers. Needless to say, market anxiety and a rising VIX always will move investors there as they perceive it as somewhat defensive, but some very positive trends are starting to emerge and analysts are taking note.

In a new research note, RBC makes price changes across the board in the industry as the firm is perhaps starting to see what other analysts did last week when Merrill Lynch and UBS took a big step and upgraded AT&T from Neutral to Buy. Barclays also upped the stock to an Overweight Rating from Equal Weight.

While the RBC analyst keeps the firm’s rating on the stocks where they were, telecom and wireless carrier investors are no doubt happy to finally see some renewed interest in a segment that has a ubiquitous product and user base, but always…

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