Sectors & Industries Communication ServicesTelecom Services
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

Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Zen Score	Valuation Score	Financials Score	Forecast Score	Performance Score	Dividends Score
IDCC	INTERDIGITAL INC	65	86	71	0	90	80
CCOI	COGENT COMMUNICATIONS HOLDINGS INC	64	57	71	22	90	80
CABO	CABLE ONE INC	53	71	29	33	50	80
CMCSA	COMCAST CORP	51	57	57	11	50	80
TV	GRUPO TELEVISA SAB	47	43	71	0	80	40
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Telecom Stocks FAQ

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

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

1. Interdigital (NASDAQ:IDCC)

Interdigital (NASDAQ:IDCC) is the top telecom stock with a Zen Score of 65, which is 34 points higher than the telecom industry average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 32.49% over the past year, overperforming other telecom stocks by 54 percentage points.

Interdigital has an average 1 year price target of $100.00, an upside of 4.54% from Interdigital's current stock price of $95.66.

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.

2. Cogent Communications Holdings (NASDAQ:CCOI)

Cogent Communications Holdings (NASDAQ:CCOI) is the second best telecom stock with a Zen Score of 64, which is 33 points higher than the telecom industry average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock lose -9.4% over the past year, overperforming other telecom stocks by 12 percentage points.

Cogent Communications Holdings has an average 1 year price target of $82.00, an upside of 29.89% from Cogent Communications Holdings's current stock price of $63.13.

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.

3. Cable One (NYSE:CABO)

Cable One (NYSE:CABO) is the third best telecom stock with a Zen Score of 53, which is 22 points higher than the telecom industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cable One has seen its stock lose -42.07% over the past year, underperforming other telecom stocks by -21 percentage points.

Cable One has an average 1 year price target of $632.00, an upside of 58.67% from Cable One's current stock price of $398.30.

Cable One stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Cable One, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

What are the telecom stocks with highest dividends?

Out of 25 telecom stocks that have issued dividends in the past year, the 3 telecom stocks with the highest dividend yields are:

1. Crexendo (NASDAQ:CXDO)

Crexendo (NASDAQ:CXDO) has an annual dividend yield of N/A, which is N/A percentage points lower than the telecom industry average of 4.56%. Crexendo's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Crexendo's dividend has not shown consistent growth over the last 10 years.

Crexendo's dividend payout ratio of -50% indicates that its dividend yield might not be sustainable for the long-term.

2. Vodafone Group Public Co (NASDAQ:VOD)

Vodafone Group Public Co (NASDAQ:VOD) has an annual dividend yield of 11.71%, which is 7 percentage points higher than the telecom industry average of 4.56%. 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.

3. Bce (NYSE:BCE)

Bce (NYSE:BCE) has an annual dividend yield of 9.77%, which is 5 percentage points higher than the telecom industry average of 4.56%. 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 170.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are telecom stocks up?

Telecom stocks were up 0.77% in the last day, and down -1.37% over the last week. Iridium Communications was the among the top gainers in the telecom services industry, gaining 5.46% yesterday.

Iridium Communications shares are trading higher after the company reported better-than-expected Q1 financial results.

What are the most undervalued telecom stocks?

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

1. Liberty Broadband (NASDAQ:LBRDA)

Liberty Broadband (NASDAQ:LBRDA) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Liberty Broadband has a valuation score of 86, which is 51 points higher than the telecom industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Liberty Broadband's stock has dropped -37.37% in the past year. It has underperformed other stocks in the telecom industry by -16 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 51 points higher than the telecom industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Interdigital's stock has gained 32.49% in the past year. It has overperformed other stocks in the telecom industry by 54 percentage points.

3. Charter Communications (NASDAQ:CHTR)

Charter Communications (NASDAQ:CHTR) is the third most undervalued telecom stock based on WallStreetZen's Valuation Score. Charter Communications has a valuation score of 71, which is 36 points higher than the telecom industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Charter Communications's stock has dropped -24.3% in the past year. It has underperformed other stocks in the telecom industry by -3 percentage points.

Are telecom stocks a good buy now?

39.39% of telecom stocks rated by analysts are a buy right now. On average, analysts expect telecom stocks to rise by 40.86% 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 105.84x.

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.