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.