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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
IDCC
INTERDIGITAL INC
$2.70B$549.59M$360.24M$214.07M$7.9720.05%12.32%156.27%33.35%2024-05-02
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
$3.07B$940.92M$1.56B$1.27B$26.8856.92%12.58%24,336.36%111.84%2024-05-02
CMCSA
COMCAST CORP
$171.07B$121.57B$39.18B$15.39B$3.730.12%5.17%205.74%7.82%2024-04-25
CABO
CABLE ONE INC
$2.39B$1.68B$870.18M$267.44M$47.34-1.64%9.37%19.15%10.31%2024-05-02
TV
GRUPO TELEVISA SAB
$2.08B$4.19B$4.24B$2.48B$0.887.53%-4.15%665.09%59.73%2024-04-30
VOD
VODAFONE GROUP PUBLIC LTD CO
$25.45B$49.14BN/A$11.55B$4.173.36%-1.81%425.91%N/A2024-05-14
UCL
UCLOUDLINK GROUP INC
$59.92M$27.01M$4.14M$2.81M$0.107.03%-6.58%N/AN/A2024-05-16
SIFY
SIFY TECHNOLOGIES LTD
$232.28M$421.58M$83.11M$3.81M$0.0217.51%7.32%-67.19%-25.58%2024-04-22
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
$887.30M$287.38M$76.48M$8.04M$0.167.48%8.32%N/A-29.82%2024-04-26
ATEX
ANTERIX INC
$621.53M$3.54M$19.17M$15.83M$0.84115.01%-12.69%N/AN/A
OOMA
OOMA INC
$222.40M$231.56M$9.52M$1.81M$0.0710.18%13.17%N/AN/A2024-05-21
GOGO
GOGO INC
$1.11B$397.58M$147.36M$145.68M$1.12-1.61%6.50%49.33%N/A2024-05-01
LBRDA
LIBERTY BROADBAND CORP
$8.12B$981.00M$1.32B$688.00M$4.710.62%113.23%-41.20%64.59%2024-04-30
TU
TELUS CORP
$23.35B$15.01B$3.83B$627.61M$0.4312.54%7.28%-48.52%-15.18%2024-05-02
CHTR
CHARTER COMMUNICATIONS INC
$42.63B$54.61B$20.03B$4.56B$30.541.08%4.59%-2.43%42.00%2024-04-26
VZ
VERIZON COMMUNICATIONS INC
$174.65B$133.97B$39.65B$11.61B$2.76-2.09%0.47%-45.45%-6.00%2024-04-22
ORAN
ORANGE
$31.00B$47.25B$13.95B$2.33B$0.79-4.29%-1.17%N/A1.88%2024-04-24
BCE
BCE INC
$31.25B$18.14B$7.10B$1.53B$1.685.13%1.31%-21.20%-5.68%2024-05-02
TMUS
T-MOBILE US INC
$192.28B$78.56B$27.15B$8.32B$7.02-1.27%12.65%239.13%15.60%2024-04-25
CHT
CHUNGHWA TELECOM CO LTD
$30.51B$7.07B$2.74B$1.19B$1.512.88%0.62%1.18%-0.42%2024-04-30
RCI
ROGERS COMMUNICATIONS INC
$21.84B$14.20B$5.54B$624.26M$1.1929.18%5.36%-49.90%-16.29%2024-04-18
IDT
IDT CORP
$961.43M$1.20B$68.31M$36.95M$1.46-7.14%-3.97%-21.08%105.33%
IRDM
IRIDIUM COMMUNICATIONS INC
$3.22B$790.72M$399.55M$15.42M$0.129.67%8.62%71.43%N/A2024-04-18
T
AT&T INC
$125.53B$122.43B$44.11B$14.19B$1.971.40%-6.44%N/A-7.12%2024-04-24
TKC
TURKCELL ILETISIM HIZMETLERI A S
$4.45B$3.17B$1.62B$214.80M$0.24-37.93%-6.63%-32.45%-15.57%2024-04-30
RDCM
RADCOM LTD
$165.15M$51.60MN/A$3.71M$0.2512.05%8.67%N/AN/A2024-05-08
USM
UNITED STATES CELLULAR CORP
$3.06B$3.91B$959.00M$54.00M$0.64-6.31%-0.31%82.86%-18.22%2024-05-02
KT
KT CORP
$7.25B$20.15B$1.93B$968.25M$2.00-1.77%-1.20%-14.76%18.46%2024-05-14
ATUS
ALTICE USA INC
$1.20B$9.24B$3.38B$53.20M$0.12-4.26%-0.70%-72.09%31.95%2024-05-01
PHI
PLDT INC
$5.28B$3.75B$1.69B$472.72M$2.183.78%4.18%156.24%5.95%2024-05-09
VIV
TELEFONICA BRASIL SA
$16.71B$10.48B$4.29B$1.01B$0.6117.80%-0.92%34.92%-13.41%2024-05-07
FYBR
FRONTIER COMMUNICATIONS PARENT INC
$6.06B$5.75B$2.19B$29.00M$0.12-0.62%N/A-93.33%N/A2024-05-03
TDS
TELEPHONE & DATA SYSTEMS INC
$1.68B$5.16B$669.00M-$569.00M-$5.05-4.67%0.20%N/AN/A2024-05-02
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
$22.06B$9.86B$2.24B$1.39B$1.40-5.73%0.06%-23.60%-3.92%2024-05-06
KORE
KORE GROUP HOLDINGS INC
$70.67M$266.66M-$156.19M-$204.48M-$2.52-1.44%N/AN/AN/A2024-05-06
CXDO
CREXENDO INC
$121.70M$53.20M$3.42M-$362.00k-$0.0141.66%34.90%N/AN/A2024-05-07
FNGR
FINGERMOTION INC
$114.02M$40.40M-$4.92M-$5.38M-$0.1050.29%109.38%N/AN/A2024-05-28
AMX
AMERICA MOVIL SAB DE CV
$62.10B$46.89B$17.88B$4.23B$0.016.99%-3.55%-58.33%20.11%
TEF
TELEFONICA S A
$25.36B$43.71B$1.32B-$959.14M-$0.226.17%-4.20%N/AN/A2024-05-09
SKM
SK TELECOM CO LTD
$8.56B$9.43BN/A$819.49M$2.00-1.26%-8.59%19.17%-43.65%2024-05-07
RBBN
RIBBON COMMUNICATIONS INC
$563.95M$826.34M$42.94M-$66.21M-$0.390.80%7.41%N/AN/A2024-04-24
ATNI
ATN INTERNATIONAL INC
$484.10M$762.22M$173.63M-$14.54M-$1.255.03%11.06%N/AN/A2024-04-24
LILA
LIBERTY LATIN AMERICA LTD
$1.44B$4.51B$1.56B-$73.60M-$0.35-6.19%4.01%N/AN/A2024-05-06
GSAT
GLOBALSTAR INC
$2.60B$223.81M$68.60M-$35.32M-$0.0250.71%11.46%N/AN/A2024-05-03
VEON
VEON LTD
$1.67B$1.72B$563.00M$436.00M$6.25-15.66%-28.61%4.17%N/A
TIMB
TIM SA
$8.73B$4.32B$2.27B$335.49M$0.7025.54%-3.66%-39.54%-2.98%2024-05-07
TEO
TELECOM ARGENTINA SA
$3.33B$2.41B$869.30M-$301.76M-$0.70-80.22%-22.88%N/AN/A2024-05-07
WOW
WIDEOPENWEST INC
$300.24M$686.70M-$119.60M-$287.70M-$3.53-2.58%-9.86%N/AN/A2024-05-02
LBTYA
LIBERTY GLOBAL LTD
$6.39B$7.49B-$679.00M-$4.05B-$9.524.11%-8.93%N/AN/A2024-05-07
IHS
IHS HOLDING LTD
$1.28B$2.13B$567.43M-$1.98B-$5.938.37%12.72%N/AN/A2024-05-21
LUMN
LUMEN TECHNOLOGIES INC
$1.60B$14.56B-$6.09B-$10.30B-$10.48-16.71%-8.41%N/AN/A2024-04-30
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
$502.29M$1.11B$165.01M-$294.42M-$2.60-6.81%-4.52%N/AN/A2024-04-30
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
$3.41B$5.66B$2.39B-$82.00M-$0.480.66%7.48%N/AN/A2024-04-25
MIMO
AIRSPAN NETWORKS HOLDINGS INC
$8.88M$112.81M-$25.72M-$55.92M-$0.75-35.90%N/AN/AN/A2024-05-08

Telecom Stocks FAQ

What are the best telecom stocks to buy right now in Mar 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 35 points higher than the telecom industry average of 30. It passed 24 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 44.63% over the past year, overperforming other telecom stocks by 59 percentage points.

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 34 points higher than the telecom industry average of 30. It passed 24 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock return 6.6% over the past year, overperforming other telecom stocks by 21 percentage points.

Cogent Communications Holdings has an average 1 year price target of $82.00, an upside of 26.52% from Cogent Communications Holdings's current stock price of $64.81.

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. Comcast (NASDAQ:CMCSA)


Comcast (NASDAQ:CMCSA) is the third best telecom stock with a Zen Score of 53, which is 23 points higher than the telecom industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Comcast has seen its stock return 18.32% over the past year, overperforming other telecom stocks by 33 percentage points.

Comcast has an average 1 year price target of $48.63, an upside of 12.9% from Comcast's current stock price of $43.07.

Comcast stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Comcast, 12.5% have issued a Strong Buy rating, 25% have issued a Buy, 62.5% 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. Pldt (NYSE:PHI)


Pldt (NYSE:PHI) has an annual dividend yield of 11.4%, which is 7 percentage points higher than the telecom industry average of 4.35%. Pldt's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Pldt's dividend has not shown consistent growth over the last 10 years.

Pldt's dividend payout ratio of 127.5% indicates that its high 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 10.98%, which is 7 percentage points higher than the telecom industry average of 4.35%. 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.

3. Bce (NYSE:BCE)


Bce (NYSE:BCE) has an annual dividend yield of 9.19%, which is 5 percentage points higher than the telecom industry average of 4.35%. 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 0.41% in the last day, and down -1.19% over the last week.

We couldn't find a catalyst for why telecom stocks are up.

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 -28.63% in the past year. It has underperformed other stocks in the telecom industry by -14 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 44.63% in the past year. It has overperformed other stocks in the telecom industry by 59 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 -15.75% in the past year. It has underperformed other stocks in the telecom industry by -1 percentage points.

Are telecom stocks a good buy now?

40% of telecom stocks rated by analysts are a buy right now. On average, analysts expect telecom stocks to rise by 38.2% 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 112.56x.
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.