The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

AT&T Inc (NYSE:T)

  • On April 1, Scotiabank analyst Maher Yaghi maintained AT&T with a Sector Perform and raised the price target from $31 to $31.5. The company's stock fell around 6% over the past five days and has a 52-week low of $22.95.
  • RSI Value: 27.4
  • T Price Action: Shares of AT&T rose 0.1% to close at $25.62 on Tuesday.
  • Edge Stock Ratings: Value at 41.62.

T-Mobile Us Inc (NASDAQ:TMUS)         

  • On April 13, Keybanc analyst Brandon Nispel upgraded T-Mobile from Sector Weight to Overweight and announced a $260 price target. The company's stock fell around 12% over the past month and has a 52-week low of $181.36.
  • RSI Value: 25.1
  • TMUS Price Action: Shares of T-Mobile fell 1.3% to close at $190.00 on Tuesday.
  • Benzinga Pro’s charting tool helped identify the trend in TMUS stock.

Verizon Communications Inc (NYSE:VZ)

  • On March 31, Barclays analyst Kannan Venkateshwar maintained Verizon with an Equal-Weight rating and raised the price target from $43 to $47. The company's stock fell around 11% over the past month and has a 52-week low of $38.39.
  • RSI Value: 24.6
  • VZ Price Action: Shares of Verizon gained 0.1% to close at $45.48 on Tuesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in VZ shares.

BZ Edge Rankings: Find out where other stocks stand—explore the full comparison now.

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