Table: Phone Calls

Telecom deregulation is about to set off a free-for-all in local and 
      long-distance calling. These companies are well-positioned for the fray.
      
      Stock                    Recent   P-E     Est. 5-yr.
                               price    ratio*  earnings growth**
      AT&T (T)                 51 3/4   13.3       11.1%
      GTE (GTE)                36 1/4   13.1       7.5
      SBC COMMUNICATIONS (SBC) 48 5/8   14.4       9.1
      SPRINT (FON)             34 1/4   12.1       11.4
      WORLDCOM (WCOM)          28       16.1       19.5
      
      *For fiscal year ending 1996    **1995-2000 annual rate
      DATA: BLOOMBERG FINANCIAL MARKETS, ZACKS INVESTMENT RESEARCH
      

To continue reading this article you must be a Bloomberg Professional Service Subscriber.