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Elliott Investment Management has built ​a sizeable stake ‌in Deutsche Telekom and indicated that ​the company ​should ditch a potential ⁠merger with T-Mobile ​US , its American ​arm, Bloomberg News reported on Tuesday, citing ​people familiar with ​the matter.

Deutsche Telekom (DTEGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Investors interested in stocks from the Diversified Communication Services sector have probably already heard of Deutsche Telekom AG (DTEGY) and Swisscom AG (SCMWY). But which of these two stocks is more attractive to value investors?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Deutsche Telekom AG (DTEGY) and Energias de Portugal (EDPFY) have performed compared to their sector so far this year.

At the start of the quarter, compared to its MSCI All Country World Ex-United States benchmark, the Carillon ClariVest International Stock Fund was most overweight to the information technology and health care sectors and most underweight to the consumer discretionary and energy sectors. Top securities include SK hynix, Samsung Electronics, Yageo Corporation, Taiwan Semiconductor and Kioxia Holdings. Bottom securities include Astellas Pharma, TotalEnergies, Kinross Gold, Deutsche Telekom and Alibaba Group.

Deutsche ​Telekom said on ‌Monday it had agreed to buy Polish ​network operator ​Fiberhost and retail broadband ⁠and TV provider ​Inea from Macquarie ​Asset Management for €1 billion ($1.16 billion).