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Best Telecom Stocks to Buy Now (2024)
Top telecom stocks in 2024 ranked by overall Zen Score. See the best telecom stocks to buy now, according to analyst forecasts for the telecom services industry.

Industry: Telecom Services
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
$2.99B488.70%49.30%46.73%36.30%4.271.3842.20%135.30%140.95%
IDCC
INTERDIGITAL INC
$2.62B32.00%10.60%28.92%26.40%1.901.3539.20%31.20%42.77%
CMCSA
COMCAST CORP
$151.81B18.60%5.90%11.07%14.30%2.190.60100.00%12.60%20.27%
CABO
CABLE ONE INC
$2.13B14.00%3.70%7.67%7.70%2.551.8673.80%15.50%30.75%
VOD
VODAFONE GROUP PUBLIC LTD CO
$24.84B18.10%6.90%9.41%8.30%1.430.8931.70%23.50%25.06%
CHTR
CHARTER COMMUNICATIONS INC
$38.30B41.70%3.20%8.42%5.80%11.150.40100.00%8.50%21.13%
UCL
UCLOUDLINK GROUP INC
$53.55M18.60%5.30%17.24%453.90%2.531.25171.40%10.40%11.16%
VZ
VERIZON COMMUNICATIONS INC
$163.70B11.90%3.00%6.74%7.10%3.020.7159.50%8.40%16.43%
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
$734.75M31.20%18.60%16.60%19.90%0.664.6863.00%77.40%78.93%
ORAN
ORANGE
$29.82B7.70%2.20%5.53%5.00%2.360.83100.00%5.50%9.97%
IRDM
IRIDIUM COMMUNICATIONS INC
$3.68B2.80%0.90%4.03%2.70%2.213.3371.90%3.20%13.38%
BCE
BCE INC
$30.65B8.50%2.50%7.35%6.60%2.600.6142.40%7.10%17.78%
LBRDA
LIBERTY BROADBAND CORP
$7.47B7.80%4.40%7.07%6.40%0.742.4275.00%70.10%111.52%
GOGO
GOGO INC
$1.16B-12,493.80%19.10%18.41%10.80%18.194.3766.60%36.60%32.86%
TU
TELUS CORP
$24.04B5.10%1.50%2.28%2.40%2.410.6762.50%4.20%5.28%
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
$19.29B18.40%8.70%17.62%16.00%0.960.7873.40%16.40%25.40%
T
AT&T INC
$120.82B13.00%3.30%6.87%8.00%2.690.6859.30%11.00%19.92%
CHT
CHUNGHWA TELECOM CO LTD
$29.70B9.80%7.10%10.00%11.50%0.351.5236.50%16.60%20.42%
PHI
PLDT INC
$5.16B24.90%4.30%8.77%6.00%4.740.3687.90%12.60%17.17%
RDCM
RADCOM LTD
$145.73M4.80%3.60%-0.76%-1.00%0.304.8473.30%7.20%-1.28%
IDT
IDT CORP
$968.03M18.50%7.20%20.20%-325.00%1.381.4331.10%3.10%3.98%
TMUS
T-MOBILE US INC
$192.89B13.60%4.20%8.05%8.30%2.320.9462.30%11.10%19.03%
ATEX
ANTERIX INC
$592.27M8.90%5.50%6.00%107.00%0.864.51100.00%447.20%514.41%
USM
UNITED STATES CELLULAR CORP
$2.90B1.30%0.60%3.28%3.60%1.301.6756.30%1.60%8.37%
RCI
ROGERS COMMUNICATIONS INC
$20.42B5.50%0.80%5.61%4.70%5.540.77100.00%2.90%16.37%
TKC
TURKCELL ILETISIM HIZMETLERI A S
$5.54B9.40%3.90%9.00%12.70%1.151.60186.10%6.80%16.56%
VIV
TELEFONICA BRASIL SA
$16.44B7.30%4.20%7.86%12.10%0.74N/A43.50%9.70%15.18%
OOMA
OOMA INC
$190.87M-1.10%-0.60%-2.61%-4.70%1.041.2462.20%-0.40%-1.19%
FYBR
FRONTIER COMMUNICATIONS PARENT INC
$6.37B0.50%0.10%4.53%3.40%2.841.0763.50%0.50%14.33%
FNGR
FINGERMOTION INC
$197.05M-40.00%-30.70%-39.47%-51.50%0.393.549.40%-13.30%-12.36%
TDS
TELEPHONE & DATA SYSTEMS INC
$1.62B-10.00%-3.90%-1.68%-1.70%1.511.5855.60%-10.70%-4.20%
SIFY
SIFY TECHNOLOGIES LTD
$221.31M1.70%0.50%5.86%4.80%2.111.1036.20%0.90%7.11%
CXDO
CREXENDO INC
$120.38M-0.90%-0.70%-0.32%-2.00%0.261.6959.50%-0.70%-0.28%
VEON
VEON LTD
$1.74B63.50%2.80%10.29%6.60%15.380.95107.80%25.30%56.67%
TEF
TELEFONICA S A
$26.22B-3.80%-0.80%N/A1.10%4.77N/A67.30%-2.20%3.01%
KORE
KORE GROUP HOLDINGS INC
$67.72M-153.30%-26.50%-24.97%-29.70%14.881.3753.50%-60.40%-46.26%
RBBN
RIBBON COMMUNICATIONS INC
$546.70M-14.50%-5.70%-3.49%-5.40%1.531.2349.40%-8.00%-3.39%
SKM
SK TELECOM CO LTD
$7.96B9.50%3.60%8.49%7.10%1.570.9474.90%6.20%11.12%
KT
KT CORP
$6.33B6.00%2.40%6.41%5.40%1.451.10100.00%3.70%7.12%
TIMB
TIM SA
$8.81B11.00%5.10%14.04%14.50%1.120.8951.80%11.90%24.96%
LILA
LIBERTY LATIN AMERICA LTD
$1.64B-4.00%-0.50%4.82%4.20%6.401.1377.40%-1.60%12.25%
ATUS
ALTICE USA INC
$910.72M-1.60%0.00%5.74%5.40%-75.100.4167.30%0.10%18.55%
GSAT
GLOBALSTAR INC
$2.47B-10.20%-4.00%-2.62%-2.20%1.440.8169.00%-15.80%-8.75%
ATNI
ATN INTERNATIONAL INC
$334.70M-2.60%-0.80%1.30%1.00%1.960.9656.70%-1.90%2.54%
AMX
AMERICA MOVIL SAB DE CV
$60.39B20.60%4.80%14.93%10.90%3.120.6561.20%9.30%19.02%
LBTYA
LIBERTY GLOBAL LTD
$6.24B-14.10%-6.70%-4.61%-4.00%1.201.2867.20%-37.30%-22.41%
TV
GRUPO TELEVISA SAB
$2.05B-6.80%-3.00%0.99%0.80%1.071.7833.70%-11.40%3.06%
TEO
TELECOM ARGENTINA SA
$3.70B-17.40%-7.20%0.88%1.50%1.490.4565.80%-12.50%1.86%
WOW
WIDEOPENWEST INC
$406.45M-78.20%-18.00%-23.25%-18.90%4.870.6556.20%-41.90%-45.54%
IHS
IHS HOLDING LTD
$1.26B-383.10%-34.30%13.70%8.60%45.680.8044.30%-93.00%26.70%
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
$501.13M-55.90%-7.90%-4.53%-3.30%7.000.8153.90%-26.50%-13.53%
LUMN
LUMEN TECHNOLOGIES INC
$1.34B-792.90%-30.90%-32.85%-23.30%64.821.0350.50%-76.20%-68.36%
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
$3.67B-2.30%-0.60%8.65%9.20%3.140.8273.40%-1.40%18.62%

Telecom Stocks FAQ

What are the best telecom stocks to buy right now in May 2024?

According to Zen Score, the 3 best telecommunication stocks to buy right now are:

1. Cogent Communications Holdings (NASDAQ:CCOI)


Cogent Communications Holdings (NASDAQ:CCOI) is the top telecom stock with a Zen Score of 64, which is 35 points higher than the telecom industry average of 29. It passed 24 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock lose -14.28% over the past year, overperforming other telecom stocks by 7 percentage points.

Cogent Communications Holdings has an average 1 year price target of $82.00, an upside of 30.01% from Cogent Communications Holdings's current stock price of $63.07.

Cogent Communications Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Cogent Communications Holdings, 33.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Interdigital (NASDAQ:IDCC)


Interdigital (NASDAQ:IDCC) is the second best telecom stock with a Zen Score of 61, which is 32 points higher than the telecom industry average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 54.62% over the past year, overperforming other telecom stocks by 76 percentage points.

Interdigital has an average 1 year price target of $100.00, a downside of -3.51% from Interdigital's current stock price of $103.64.

Interdigital stock has a consensus Sell recommendation according to Wall Street analysts. Of the 1 analyst covering Interdigital, 0% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 100% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Comcast (NASDAQ:CMCSA)


Comcast (NASDAQ:CMCSA) is the third best telecom stock with a Zen Score of 56, which is 27 points higher than the telecom industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Comcast has seen its stock lose -5.38% over the past year, overperforming other telecom stocks by 16 percentage points.

Comcast has an average 1 year price target of $48.41, an upside of 25.11% from Comcast's current stock price of $38.69.

Comcast stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Comcast, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the telecom stocks with highest dividends?

Out of 24 telecom stocks that have issued dividends in the past year, the 3 telecom stocks with the highest dividend yields are:

1. Vodafone Group Public Co (NASDAQ:VOD)


Vodafone Group Public Co (NASDAQ:VOD) has an annual dividend yield of 11.25%, which is 7 percentage points higher than the telecom industry average of 4.5%. Vodafone Group Public Co's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Vodafone Group Public Co's dividend has not shown consistent growth over the last 10 years.

Vodafone Group Public Co's dividend payout ratio of 23.2% indicates that its high dividend yield is sustainable for the long-term.

2. Bce (NYSE:BCE)


Bce (NYSE:BCE) has an annual dividend yield of 9.37%, which is 5 percentage points higher than the telecom industry average of 4.5%. Bce's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Bce's dividend has shown consistent growth over the last 10 years.

Bce's dividend payout ratio of 225% indicates that its high dividend yield might not be sustainable for the long-term.

3. Telus (NYSE:TU)


Telus (NYSE:TU) has an annual dividend yield of 7.27%, which is 3 percentage points higher than the telecom industry average of 4.5%. Telus's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Telus's dividend has shown consistent growth over the last 10 years.

Telus's dividend payout ratio of 247% indicates that its high dividend yield might not be sustainable for the long-term.

Why are telecom stocks down?

Telecom stocks were down -0.52% in the last day, and up 1.06% over the last week. Telephone & Data Systems was the among the top losers in the telecom services industry, dropping -11.41% yesterday.

Telephone And Data Systems shares are trading lower following Q1 earnings.

What are the most undervalued telecom stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued telecom stocks right now are:

1. Charter Communications (NASDAQ:CHTR)


Charter Communications (NASDAQ:CHTR) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Charter Communications has a valuation score of 86, which is 58 points higher than the telecom industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Charter Communications's stock has dropped -25.49% in the past year. It has underperformed other stocks in the telecom industry by -4 percentage points.

2. Interdigital (NASDAQ:IDCC)


Interdigital (NASDAQ:IDCC) is the second most undervalued telecom stock based on WallStreetZen's Valuation Score. Interdigital has a valuation score of 86, which is 58 points higher than the telecom industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Interdigital's stock has gained 54.62% in the past year. It has overperformed other stocks in the telecom industry by 76 percentage points.

3. Comcast (NASDAQ:CMCSA)


Comcast (NASDAQ:CMCSA) is the third most undervalued telecom stock based on WallStreetZen's Valuation Score. Comcast has a valuation score of 71, which is 43 points higher than the telecom industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Comcast's stock has dropped -5.38% in the past year. It has overperformed other stocks in the telecom industry by 16 percentage points.

Are telecom stocks a good buy now?

40.63% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 32.22% over the next year.

What is the average p/e ratio of the telecom services industry?

The average P/E ratio of the telecom services industry is 15.13x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.