France Telecom: Take Advantage Of Turmoil In Europe And Buy This High Yielding Stock
By Bret Jensen:The turmoil in Europe continues to grind on without resolve. The selloff and uncertainty has created many bargains, some with unheard of dividend yields, especially in the telecom sector. I have already highlighted the investment cases for Vodafone (VOD) and Telefonica (TEF). Another European telecom that appears very oversold is France Telecom (FTE).France Telecom – France Telecom provides fixed telephony and mobile telecommunications, data transmission, internet and multimedia, and other value-added services to consumers, businesses, and telecommunications operators. It also offers personal and home communication services, business network services, international carriers and shared services, and integration and outsourcing services for communication applications.
Business description from Yahoo Finance
8 reasons to buy FTE at under $19 a share:1. FTE appears to have found a technical bottom which it has bounced off of twice in the last couple of weeks (See Chart)
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2. It isComplete Story »