NEW YORK, NY--(Marketwire - Nov 7, 2012) - U.S. Telecom stocks have continued to outperform the broader markets in 2012. With interest rates and bond yields near record lows investors have flocked to high yielding telecom companies. The iShares Dow Jones U.S. Telecommunications Sector Index Fund (IYZ) has gained over 15 percent year-to-date, nearly 3 times the gain of the Dow Jones Industrial Average over the same period. Five Star Equities examines the outlook for companies in the Telecom Industry and provides equity research on Frontier Communications Corp. (
Research firm Insight Research Corp. forecasts that worldwide telecommunications industry revenues will reach $2.1 trillion in 2012. Despite uncertainties in the global economy revenues are expected to continue growing at an annual rate of 5.3 percent, before reaching $2.7 trillion in 2017.
"Even amidst so much economic uncertainty, the fact remains that telecommunications is a key factor in economic growth. Telecommunications facilitates socio-economic advancement and is a critical utility for economic development, much like water and energy," said Fran Caulfield, Research Director for Insight Research.
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Frontier Communications' Board of Directors has recently declared a regular quarterly cash dividend payment of $0.10 per share of common stock, for a yield of roughly 8.6 percent. According to earnings estimates from Zacks the company is expected to report a profit of $0.07 per share for the third quarter, compared to $0.05 per share a year ago.
Windstream has more than $6 billion in annual revenues and is listed on the S&P 500 index. The company recently announced the expansion of its Carrier Switched Ethernet service to meet the growing demand from carriers for higher bandwidth and Ethernet. Over 300 CLEC markets will now have access to the company's Carrier Switched Ethernet product. Windstream is scheduled to release its third quarter results on November 8, 2012.
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