AT&T, Verizon Dial Up Strong Q2 Results— ETFs Picking Up The Signal
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Telecom Industry Growth: The telecom sector has seen significant growth, with the S&P Telecom Select Industry Index rising over 40% in the past year, driven by strong profits from AT&T and Verizon, advancements in AI, and potential interest rate cuts that could lower capital expenses.
ETFs Performance: Several ETFs focused on telecommunications, such as iShares U.S. Telecommunications ETF and SPDR S&P Telecom ETF, are performing well due to their holdings in major companies like AT&T and Verizon, reflecting a positive outlook for the industry amidst favorable macroeconomic conditions.
Analyst Views on IYZ
Wall Street analysts forecast IYZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IYZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 33.575
Low
Averages
High
Current: 33.575
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
