Ten years ago everyone had a cell phone, but no one knew what a smart phone was. In that time smart phones have become so common that even children have them. The wireless industry has been working at an incredibly fast pace to keep up with consumer demand for bandwidth and other services. While many investors are concerned about hyper competition among wireless providers, analysts at CVS Group believe that some of the major players are seriously undervalued and their clients have the opportunity to take positions in these firms at a substantial discount, which will result in strong earnings in the future.

AT&T is currently trading at $34 a share and the analysts have set a target share price of $42. They also cited AT&T's very strong dividend of 5.3%. AT&T will be offering its customers fiber optic internet in order to compete with Google Fiber. Their new service, which will be launched in December, will give customers download speeds up to 300 Mbps.

Comcast Corp. is currently trading at $45.61 and the analysts have set a target share price of $54. The stock pays a dividend of 1.7%. The analysts believe that Comcast has and will dominate the cable providing business, but also plans to offer Wi-Fi everywhere for smart phones. This puts them in a position to challenge the likes of Verizon and AT&T.

T-Mobile is currently trading at $26 a share and is sitting just below its 52 week high of $26.72. The analysts have set a target share price of $33. The analysts believe that T-Mobile should be able to increase its service margins, which will provide a boost to the price.

Mr. Sato Tanaka, Head Of European Equity Research at CVS Group in Tokyo said “Our analysts believe the telecoms sector is a haven for undervalued equities at this time, and our traders have been given a plethora of undervalued telecoms stocks to speculate on”.