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: B, Sentiment: A, Safety: C, Financials: B, and AI: B.
Ooma (NYSE:OOMA) has a Due Diligence Score of 20, which is -8 points lower than the telecom industry average of 28. 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 73.23% over the past year, overperforming other telecom stocks by 55 percentage points.
Ooma has an average 1 year
price target of $17.63, an upside of 44.11% from Ooma's current stock price of $12.23.
Ooma stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Ooma, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Ihs Holding (NYSE:IHS)
Ihs Holding (NYSE:IHS) 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 Ihs Holding (NYSE:IHS) is: Value: B, Growth: A, Momentum: A, Sentiment: C, Safety: C, Financials: B, and AI: A.
Ihs Holding (NYSE:IHS) has a Due Diligence Score of 9, which is -19 points lower than the telecom industry average of 28. Although this number is below the industry average, our proven quant model rates IHS as a "A".
IHS passed 3 out of 33 due diligence checks and has weak fundamentals. Ihs Holding has seen its stock return 36.49% over the past year, overperforming other telecom stocks by 18 percentage points.
Ihs Holding has an average 1 year
price target of $8.67, an upside of 76.88% from Ihs Holding's current stock price of $4.90.
Ihs Holding stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Ihs Holding, 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.
3. Idt (NYSE:IDT)
Idt (NYSE:IDT) 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 Idt (NYSE:IDT) is: Value: C, Growth: B, Momentum: B, Sentiment: C, Safety: C, Financials: A, and AI: A.
Idt (NYSE:IDT) has a Due Diligence Score of 44, which is 16 points higher than the telecom industry average of 28.
IDT passed 17 out of 38 due diligence checks and has strong fundamentals. Idt has seen its stock return 41.39% over the past year, overperforming other telecom stocks by 23 percentage points.