Oppenheimer has a "buy" rating for T-Mobile US (TMUS.US), AT&T (T.US), and Verizon (VZ.US)

Oppenheimer Asset Management Co. has given "buy" ratings to T-Mobile US (TMUS.US), AT&T (T.US) and Verizon (VZ.US) and expects significant upside in these stocks.

For T-Mobile US, Oppenheimer Asset Management Co. said: "Based on its high momentum score, T-Mobile US remains our top pick in the telecommunications sector. We see $198 as the near-term support for the stock (50-day moving average) with little identifiable resistance."

For AT&T, Oppenheimer Asset Management Co. said: "We believe the recent consolidation should dissipate the overbought condition in the stock before it resumes its uptrend. We see $20.50 as the support for the stock, and $23.50 as the resistance."

For Verizon, Oppenheimer Asset Management Co. said: "Based on our research, Verizon broke above its January 2023 peak in September, completing a multi-year bottoming pattern. $42 is the support for the stock, and we expect it to rise to $49."

T-Mobile US, AT&T and Verizon have risen 31.5%, 30.2% and 16.6% respectively year-to-date. For investors seeking broader exposure to the telecommunications sector, ETFs to watch include: Vanguard Communications Services ETF (VOX.US), Fidelity MSCI Telecommunication Services Index ETF (FCOM.US), iShares U.S. Telecommunication Services ETF (IYZ.US), iShares iShares Global Telecommunication ETF (IXP.US), SPDR S&P Telecommunication ETF (XTL.US), and Invesco S&P 500 Equal Weight Telecommunication Services ETF (RSPC.US).