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Stock Strategist

Some High-Quality Telecom Stocks Are on Sale

Market overreaction has made these two foreign telecom stocks worth a look.

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In September, we told subscribers of Morningstar StockInvestor about two cheap foreign telecom stocks. Both stocks are up since then, but still trade for less than our fair value estimates and boast at least 4-star Morningstar Ratings. Below is the article as it appeared in the Sept. 15 issue.

The market often panics when change and uncertainty engulf an industry. Such situations can sometimes provide interesting investment opportunities. I think one of these opportunities exists in the fixed-line telecommunications industry.

Allan C. Nichols does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.