At least one Wall Street analyst believes the business climate for wireless telecom companies is improving. The resulting upgrades are giving a lift to the two stocks he specifically mentioned, as well as another company that needs a strong telecom market to succeed.

Shares of AT (NYSE: T) and Verizon Communications (NYSE: VZ) were up by as much as 3.4% Tuesday, and shares of AST SpaceMobile (NASDAQ: ASTS) were up as much as 4%, on hopes for better days ahead for the wireless sector.

It has been a tough year for telecoms. Shares of Verizon and AT are down 13% and 20%, respectively, year to date on concerns including competition, industry structure, and higher interest rates.

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Source Fool.com