Cable, Satellite, and Telecom Services: Spectrum of Opportunity: Ranking Cable, Satellite, and Telecom Stocks for August Performance

研报英文原文证据摘录

Cable, Satellite, and Telecom Services: Spectrum of Opportunity: Ranking Cable, Satellite, and Telecom Stocks for August Performance

J P M O R G A N North America Equity Research

03 August 2026

Cable, Satellite, and Telecom

Services

Spectrum of Opportunity: Ranking Cable, Satellite, and

Telecom Stocks for August Performance

Today, we update our monthly stock-ranking product, which is intended to provide Telecom Services, Cable & Satellite

ACclarity on our short-term expectations for stock moves within the wider context of Sebastiano C Petti

our longer-term ratings. We assign each of our stocks a value out of a total of 100 (1-212) 622-8529

points to indicate how we would weight near-term exposure to each company. Our sebastiano.c.petti@jpmorgan.com

monthly point allocations are driven by shorter-term catalysts such as events, Shayna Nguyen

seasonality, or competitive developments. Our top picks for August are AT&T, (1-212) 622-0038

Quebecor, and T-Mobile while our least favorite names are Optimum and TELUS. shayna.nguyen@jpmchase.com

Full rankings are on page 6. John Stid

(1-212) 272-0992

• AT&T (Overweight, 10 points): Top pick as scaling convergence playbook john.stid@jpmorgan.com

drives volume acceleration; upside to 2026 guidance on accelerating J.P. Morgan Securities LLC

wireless service revenue and cost efforts. AT&T remains a top pick on the J.P.

Morgan U.S. Equity Analyst Focus List, anchored by its robust fiber build

engine and scaling convergence playbook as U.S. consumers move toward

convergence. We see a long runway to replicate the playbook in the Lumen

footprint, where AT&T is underpenetrated in both fiber and wireless share.

Volumes are accelerating on both sides of the bundle: we raise our FY26