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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
NASDAQ
Telecom Services
$3.01B$63.400.52%$1.56B2.36x4.27
IDCC
INTERDIGITAL INC
NASDAQ
Telecom Services
$2.67B$105.770.32%$336.74M14.33x1.90
CMCSA
COMCAST CORP
NASDAQ
Telecom Services
$153.22B$39.051.45%$38.82B10.33x2.19
CABO
CABLE ONE INC
NYSE
Telecom Services
$2.22B$395.420.62%$853.74M8.65x2.55
VOD
VODAFONE GROUP PUBLIC LTD CO
NASDAQ
Telecom Services
$24.38B$8.46-0.35%N/A2.03x1.43
CHTR
CHARTER COMMUNICATIONS INC
NASDAQ
Telecom Services
$39.29B$272.781.78%$20.23B8.67x11.15
ORAN
ORANGE
NYSE
Telecom Services
$29.95B$11.270.54%$14.52B12.20x2.36
VZ
VERIZON COMMUNICATIONS INC
NYSE
Telecom Services
$166.18B$39.480.43%$39.77B14.73x3.02
UCL
UCLOUDLINK GROUP INC
NASDAQ
Telecom Services
$50.56M$1.350.00%$4.14M13.50x2.53
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
NASDAQ
Telecom Services
$892.94M$16.379.87%$292.04M3.75x0.66
LBRDA
LIBERTY BROADBAND CORP
NASDAQ
Telecom Services
$7.59B$53.151.43%$1.54B8.96x0.72
BCE
BCE INC
NYSE
Telecom Services
$30.67B$33.620.48%$6.78B24.03x2.60
IRDM
IRIDIUM COMMUNICATIONS INC
NASDAQ
Telecom Services
$3.64B$30.00-1.12%$399.51M142.86x2.21
GOGO
GOGO INC
NASDAQ
Telecom Services
$1.24B$9.77-2.30%$164.42M8.14x11.96
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
NYSE
Telecom Services
$18.98B$19.16-1.84%$2.38B12.39x0.96
TU
TELUS CORP
NYSE
Telecom Services
$24.07B$16.40-0.18%$3.83B37.88x2.41
T
AT&T INC
NYSE
Telecom Services
$122.68B$17.110.18%$43.56B9.20x2.69
CHT
CHUNGHWA TELECOM CO LTD
NYSE
Telecom Services
$30.11B$38.810.62%$2.75B25.30x0.35
PHI
PLDT INC
NYSE
Telecom Services
$5.21B$24.100.58%$1.69B11.04x4.74
RDCM
RADCOM LTD
NASDAQ
Telecom Services
$145.58M$9.51-0.63%-$41.00k38.04x0.30
CXDO
CREXENDO INC
NASDAQ
Telecom Services
$104.91M$3.94-15.27%$5.34M49.25x0.23
IDT
IDT CORP
NYSE
Telecom Services
$959.65M$37.80-2.88%$68.31M25.89x1.38
ATEX
ANTERIX INC
NASDAQ
Telecom Services
$585.23M$31.60-0.82%$19.17M37.62x0.86
TMUS
T-MOBILE US INC
NASDAQ
Telecom Services
$190.81B$162.830.39%$27.93B21.92x2.32
VIV
TELEFONICA BRASIL SA
NYSE
Telecom Services
$15.32B$9.27-5.02%$4.29B15.20x0.74
USM
UNITED STATES CELLULAR CORP
NYSE
Telecom Services
$3.06B$35.991.10%$975.00M52.16x1.30
RCI
ROGERS COMMUNICATIONS INC
NYSE
Telecom Services
$20.68B$38.921.43%$5.78B47.93x5.54
TKC
TURKCELL ILETISIM HIZMETLERI A S
NYSE
Telecom Services
$5.61B$6.38-1.24%$1.62B26.15x1.15
OOMA
OOMA INC
NYSE
Telecom Services
$196.68M$7.458.28%$8.18M-248.33x1.04
FNGR
FINGERMOTION INC
NASDAQ
Telecom Services
$172.87M$3.290.00%-$4.92M-32.90x0.39
FYBR
FRONTIER COMMUNICATIONS PARENT INC
NASDAQ
Telecom Services
$6.30B$25.36-1.78%$2.30B230.55x2.84
TDS
TELEPHONE & DATA SYSTEMS INC
NYSE
Telecom Services
$1.73B$15.30-0.65%$702.00M-3.15x1.51
VEON
VEON LTD
NASDAQ
Telecom Services
$1.81B$25.792.26%$563.00M4.13x15.38
GSAT
GLOBALSTAR INC
NYSEMKT
Telecom Services
$2.43B$1.28-0.78%$60.74M-64.00x1.43
TIMB
TIM SA
NYSE
Telecom Services
$8.18B$16.89-1.46%$2.57B14.70x1.12
KORE
KORE GROUP HOLDINGS INC
NYSE
Telecom Services
$64.06M$0.77-1.91%-$67.27M-0.39x14.88
TEF
TELEFONICA S A
NYSE
Telecom Services
$25.53B$4.44-2.63%$1.32B-20.65x4.77
SKM
SK TELECOM CO LTD
NYSE
Telecom Services
$7.96B$20.790.29%$1.42B10.44x1.57
RBBN
RIBBON COMMUNICATIONS INC
NASDAQ
Telecom Services
$546.70M$3.171.93%$42.94M-8.13x1.53
SIFY
SIFY TECHNOLOGIES LTD
NASDAQ
Telecom Services
$223.67M$1.221.67%$87.88M406.67x1.95
KT
KT CORP
NYSE
Telecom Services
$6.44B$13.070.23%$1.37B9.08x1.45
ATUS
ALTICE USA INC
NYSE
Telecom Services
$938.32M$2.042.00%$3.32B204.00x-75.10
LILA
LIBERTY LATIN AMERICA LTD
NASDAQ
Telecom Services
$1.70B$8.614.87%$1.65B-430.50x6.34
ATNI
ATN INTERNATIONAL INC
NASDAQ
Telecom Services
$367.06M$23.715.66%$173.63M-18.97x1.96
AMX
AMERICA MOVIL SAB DE CV
NYSE
Telecom Services
$61.42B$19.670.61%$18.46BN/A3.12
LBTYA
LIBERTY GLOBAL LTD
NASDAQ
Telecom Services
$6.14B$16.47-2.60%$573.20M-2.56x1.20
TV
GRUPO TELEVISA SAB
NYSE
Telecom Services
$2.11B$3.25-0.31%$1.45B-17.96x1.07
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
NASDAQ
Telecom Services
$3.94B$22.907.26%$2.52B572.50x3.01
WOW
WIDEOPENWEST INC
NYSE
Telecom Services
$393.24M$4.650.22%-$71.20M-1.43x5.28
IHS
IHS HOLDING LTD
NYSE
Telecom Services
$1.29B$3.89-1.52%$567.43M-0.66x45.68
LUMN
LUMEN TECHNOLOGIES INC
NYSE
Telecom Services
$1.30B$1.28-1.54%-$6.65B-0.12x64.82
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
NASDAQ
Telecom Services
$508.06M$4.290.47%$178.61M-1.66x7.88
TEO
TELECOM ARGENTINA SA
NYSE
Telecom Services
$4.16B$9.654.55%$869.30M-13.77x1.49

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 -2.89% over the past year, overperforming other telecom stocks by 16 percentage points.

Cogent Communications Holdings has an average 1 year price target of $82.00, an upside of 29.34% from Cogent Communications Holdings's current stock price of $63.40.

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 30.55% over the past year, overperforming other telecom stocks by 49 percentage points.

Interdigital has an average 1 year price target of $100.00, a downside of -5.46% from Interdigital's current stock price of $105.77.

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 -3.79% over the past year, overperforming other telecom stocks by 15 percentage points.

Comcast has an average 1 year price target of $48.41, an upside of 23.96% from Comcast's current stock price of $39.05.

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 11.46%, which is 7 percentage points higher than the telecom industry average of 4.46%. Vodafone Group Public Co's dividend payout is not stable, having dropped more than 10% six 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 9.36%, which is 5 percentage points higher than the telecom industry average of 4.46%. 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. Telefonica S A (NYSE:TEF)


Telefonica S A (NYSE:TEF) has an annual dividend yield of 7.29%, which is 3 percentage points higher than the telecom industry average of 4.46%. Telefonica S A's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Telefonica S A's dividend has not shown consistent growth over the last 10 years.

Telefonica S A's dividend payout ratio of -150.7% indicates that its high dividend yield might not be sustainable for the long-term.

Why are telecom stocks up?

Telecom stocks were up 0.73% in the last day, and up 2.28% over the last week. Millicom International Cellular Sa was the among the top gainers in the telecom services industry, gaining 7.26% yesterday.

Millicom International Cellular S.A. shares are trading higher 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 -22.17% 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 30.55% in the past year. It has overperformed other stocks in the telecom industry by 49 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 -3.79% in the past year. It has overperformed other stocks in the telecom industry by 15 percentage points.

Are telecom stocks a good buy now?

41.18% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 29.78% 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 16.89x.
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.