High Dividends, Off the Beaten Path

S&P thinks rural carrier Commonwealth Telephone is insulated from competition and positioned to expand its customer base

While big-name telecom carriers have taken the investing spotlight recently, we at Standard & Poor's Equity Research see opportunity in a lesser known outfit: Commonwealth Telephone Enterprises (CTCO; recent price, $33). Commonwealth is a rural local exchange carrier (RLEC), primarily operating in the eastern third of Pennsylvania.

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