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. Millicom International Cellular Sa (NASDAQ:TIGO)
The Component Grade breakdown for Millicom International Cellular Sa (NASDAQ:TIGO) is: Value: B, Growth: B, Momentum: B, Sentiment: A, Safety: B, Financials: B, and AI: C.
Millicom International Cellular Sa (NASDAQ:TIGO) has a Due Diligence Score of 43, which is 15 points higher than the telecom industry average of 28.
TIGO passed 16 out of 38 due diligence checks and has strong fundamentals. Millicom International Cellular Sa has seen its stock return 126.75% over the past year, overperforming other telecom stocks by 145 percentage points.
Millicom International Cellular Sa has an average 1 year
price target of $59.93, a downside of -3.68% from Millicom International Cellular Sa's current stock price of $62.22.
Millicom International Cellular Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Millicom International Cellular Sa, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Ooma (NYSE:OOMA)
Ooma (NYSE:OOMA) is the #2 top telecom stock out of 53 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: A, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: A.
Ooma (NYSE:OOMA) has a Due Diligence Score of 44, which is 16 points higher than the telecom industry average of 28.
OOMA passed 14 out of 33 due diligence checks and has strong fundamentals. Ooma has seen its stock lose -21.38% over the past year, underperforming other telecom stocks by -3 percentage points.
Ooma has an average 1 year
price target of $19.00, an upside of 63.51% from Ooma's current stock price of $11.62.
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.
3. Tim Sa (NYSE:TIMB)
Tim Sa (NYSE:TIMB) is the #3 top telecom stock out of 53 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 Tim Sa (NYSE:TIMB) is: Value: B, Growth: B, Momentum: B, Sentiment: C, Safety: B, Financials: A, and AI: A.
Tim Sa (NYSE:TIMB) has a Due Diligence Score of 35, which is 7 points higher than the telecom industry average of 28.
TIMB passed 13 out of 38 due diligence checks and has average fundamentals. Tim Sa has seen its stock return 82.01% over the past year, overperforming other telecom stocks by 100 percentage points.
Tim Sa has an average 1 year
price target of $24.70, an upside of 2.57% from Tim Sa's current stock price of $24.08.
Tim Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Tim Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.