According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best telecommunication stocks to buy right now are:
1. Ooma (NYSE:OOMA)
Ooma (NYSE:OOMA) is the #1 top telecom stock out of 54 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Ooma (NYSE:OOMA) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: B.
Ooma (NYSE:OOMA) has a Due Diligence Score of 20, which is -6 points lower than the telecom industry average of 26. Although this number is below the industry average, our proven quant model rates OOMA as a "A".
OOMA passed 6 out of 33 due diligence checks and has weak fundamentals. Ooma has seen its stock return 13.64% over the past year, overperforming other telecom stocks by 20 percentage points.
Ooma has an average 1 year
price target of $18.50, an upside of 59.76% from Ooma's current stock price of $11.58.
Ooma stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Ooma, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Veon (NASDAQ:VEON)
Veon (NASDAQ:VEON) is the #2 top telecom stock out of 54 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Veon (NASDAQ:VEON) is: Value: A, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: C.
Veon (NASDAQ:VEON) has a Due Diligence Score of 25, which is -1 points lower than the telecom industry average of 26. Although this number is below the industry average, our proven quant model rates VEON as a "A".
VEON passed 10 out of 38 due diligence checks and has weak fundamentals. Veon has seen its stock return 112.46% over the past year, overperforming other telecom stocks by 119 percentage points.
Veon has an average 1 year
price target of $60.00, an upside of 5.06% from Veon's current stock price of $57.11.
Veon stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Veon, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Radcom (NASDAQ:RDCM)
Radcom (NASDAQ:RDCM) is the #3 top telecom stock out of 54 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Radcom (NASDAQ:RDCM) is: Value: C, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.
Radcom (NASDAQ:RDCM) has a Due Diligence Score of 51, which is 25 points higher than the telecom industry average of 26.
RDCM passed 17 out of 33 due diligence checks and has strong fundamentals. Radcom has seen its stock return 44.39% over the past year, overperforming other telecom stocks by 51 percentage points.
Radcom has an average 1 year
price target of $18.00, an upside of 29.59% from Radcom's current stock price of $13.89.
Radcom stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Radcom, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.