SOURCE: Paragon Financial Limited

Paragon Financial Limited

June 25, 2012 08:20 ET

Telecom Sector the Strongest Performer out of 10 Sectors in the S&P 500 Index

The Paragon Report Provides Stock Research on Alaska Communications and CenturyLink

NEW YORK, NY--(Marketwire - Jun 25, 2012) - Telecom stocks have been known as safe havens to investors in times of global economic uncertainty. Telecom companies generate a majority of their revenues from within the U.S., where the economy has remained relatively stable. With the near-record low yields on 10-year Treasury bonds investors have flocked to the Telecom Industry. The Paragon Report examines investing opportunities in the Telecom Industry and provides equity research on Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) and CenturyLink, Inc. (NYSE: CTL).

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Over the last three months the Telecom sector has been the strongest performer of the 10 sectors in the S&P 500 index according to a recent Wall Street Journal article. The sector has recently reached the No. 1 spot on Bank of America Merrill Lynch's ranking of sectors' price momentum relative to the broader market, and earlier this week was labeled "near overbought" by the bank. "They are becoming a little bit more stretched, as far as momentum goes," said Stephen Suttmeier, technical analyst at Bank of America Merrill Lynch. "More investors are aware that these groups are outperforming. You've got to be selective [picking stocks] when you get to these levels."

Paragon Report releases regular market updates on the Telecom Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Alaska Communications Systems Group and General Communication, Inc. recently announced that they have signed definitive agreements to form The Alaska Wireless Network, LLC (AWN). Alaska Communications will own one-third and GCI will own two-thirds of AWN. During the first four years of AWN's operations, Alaska Communications will be eligible to receive preferential cash distributions totaling $190 million. GCI will receive all remaining available cash distributions over the same period.

CenturyLink currently offers investors an annual dividend of $2.90 per share for a yield of around 7.5 percent. The company recently reported that they have won a contract renewal worth $2.1 million over the next five years to provide telecommunications services to the U.S. Army base at Fort Stewart, Ga. The contract is for one year with four one-year options.

Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: