Verizon, AT&T, And T-Mobile Set For Gains, Goldman Sachs Cites AI and Data Center Demand
Goldman Sachs is bullish on the development prospects of major US telecommunications companies, giving AT&T (T.US), Verizon (VZ.US), and T-Mobile (TMUS.US) a "buy" rating.
According to the Zhītōng Cáijīng APP, Goldman Sachs has expanded its coverage of the USA's telecommunications services and infrastructure industry and has given a first-time "buy" rating to AT&T (T.US), Verizon (VZ.US), and T-Mobile (TMUS.US). In a report on Monday, Goldman Sachs analysts stated: "We believe that the US telecommunications industry is undergoing a transformation. After experiencing a period of conglomerates characterized by shareholder capital losses, US telecom operators are refocusing on their core business." "For the first time in ten years, we are seeing US wireless operators entering into competition intensity and capital intensity."
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