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AT&T (T) and Verizon Communications are still best of breed among telecom stocks as high-yield bond spreads relative to Treasuries lurk as “the canary in the coal mine” for telecom stocks, says Oppenheimer. Balance sheets and debt will come to the forefront for investors if the U.S. economy slows, Oppenheimer analyst Tim Horan said in a research report. AT&T, at a sell-side analyst meeting Wednesday, eased worries over a dividend cut, as its Scalper1 News
Scalper1 News