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The telecommunications sector is performing significantly well this year, with a year to date (YTD) return of 13.52%; over 5% above the S&P 500's (SPDR S&P 500 Trust ETF: SPY) 8.35% YTD return.

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As shown by the YTD view on the graph above, the telecommunications sector began to outperform the S&P 500 in May and has continued to do so. Below is a further breakdown of this performance comparison along the different time horizons.

As telecommunications stocks continue to perform well, some value can still be found in the sector. Below are six undervalued telecommunications stocks with low price to book (P/B) ratios, low price to sales (P/S) ratios, above-average projected earnings growth, and positive return on equity (ROE), sorted by projected EPS growth (this year versus last year):

1. Portugal Telecom SGPS SA (PT), a wireless communications company, though currently in a downward price trend, holds a projected EPS growth (YoY) of 461.00%. The company's current financials show potential value with a 0.97 P/B ratio, a 0.41 P/S ratio, and an 8.11% ROE. Analyst opinion stands at zero strong sell, one sell, one hold, zero buy, and one strong buy recommendations with a $4.91 average price target, 14.99% above the stock's current price. Portugal Telecom SGPS SA also offers a 14.75% annual dividend.

2. Atlantic Tele-Network, Inc. (ATNI), a domestic telecom services company is currently trading just above support at the $35.00 price level and holds a projected EPS growth (YoY) of 84.27%. The company's current financials show potential value with a 1.81 P/B ratio, a 0.72 P/S ratio, and a 9.03% ROE. Analyst opinion stands at zero strong sell, zero sell, one hold, two buy, and one strong buy recommendations with a $51.67 average price target, 47.21% above the stock's current price. Atlantic Tele-Network, Inc. also offers a 2.62% annual dividend, distributed quarterly.

3. Iridium Communications Inc (IRDM), a diversified communication services company, has been trading in a strong uptrend since falling to its $5.50, 52-week low last October and holds a projected EPS growth (YoY) of 49.44%. The company's current financials still show potential value with a 0.95 P/B ratio, a 1.75 P/S ratio, and a 6.29% ROE. Analyst opinion stands at zero strong sell, zero sell, one hold, one buy, and three strong buy recommendations with a $12.17 average price target, 31.57% above the stock's current price.

4. China Unicom (Hong Kong) Limited (CHU), a wireless communications company, though currently in a downward price trend, holds a projected EPS growth (YoY) of 18.93%. The company's current financials show potential value with a 0.99 P/B ratio, a 0.91 P/S ratio, and a 2.48% ROE. Analyst opinion stands at zero strong sell, zero sell, zero hold, zero buy, and three strong buy recommendations with a $21.45 average price target, 56.11% above the stock's current price. China Unicom Limited also offers a 0.73% annual dividend.

5. Premiere Global Services, Inc. (PGI), a diversified communication services company, is trading 10.17% below its 52-week high and holds a projected EPS growth (YoY) of 18.23%. The company's current financials show potential value with a 1.80 P/B ratio, a 0.92 P/S ratio, and an 8.91% ROE. Analyst opinion stands at zero strong sell, zero sell, zero hold, one buy, and two strong buy recommendations with an $11.00 average price target, 20.88% above the stock's current price.

6. Telecom Argentina S.A. (TEO), a diversified communication services company, though currently in a downward price trend, holds a projected EPS growth (YoY) of 9.63%. The company's current financials show potential value with a 1.14 P/B ratio, a 0.51 P/S ratio, and a 31.87% ROE. Analyst opinion stands at zero strong sell, one sell, four hold, one buy, and two strong buy recommendations with a $22.64 average price target, 96.70% above the stock's current price. Telecom Argentina S.A. also offers a 9.64% annual dividend.

Source: 6 Bargains In The Top-Performing Telecommunications Sector

Additional disclosure: Sources: finviz.com, fidelity.com, and dividend.com