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

Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	1d %	1w %	1m %	3m %	6m %	1y %	3y %	5y %	10y %	52-week High	52-week Low	% off 52-week High	% off 52-week Low	Beta	Volume	Vol 1d %
IDCC	INTERDIGITAL INC	$100.71	0.80%	4.22%	-4.68%	-4.39%	32.90%	47.93%	38.99%	54.70%	191.15%	$119.86	$66.82	15.98%	50.72%	1.11	360,766	27.26%
CCOI	COGENT COMMUNICATIONS HOLDINGS INC	$65.79	1.32%	3.95%	4.61%	-13.88%	2.22%	-1.02%	-4.28%	19.03%	88.89%	$86.00	$57.35	23.50%	14.71%	0.74	283,862	-22.51%
CMCSA	COMCAST CORP	$38.57	1.85%	-4.15%	-9.20%	-16.62%	-1.48%	5.61%	-28.99%	-10.47%	49.21%	$47.46	$36.43	18.72%	5.87%	0.86	28,973,182	-22.43%
CABO	CABLE ONE INC	$389.24	0.48%	-1.61%	-10.66%	-32.05%	-32.32%	-41.64%	-78.73%	-62.33%	N/A	$768.75	$373.37	49.37%	4.25%	0.93	76,294	-46.74%
TV	GRUPO TELEVISA SAB	$3.16	6.04%	12.46%	2.27%	-0.63%	35.62%	-32.19%	-75.88%	-69.99%	-90.17%	$5.41	$2.10	41.59%	50.48%	1.32	2,329,221	168.44%
VOD	VODAFONE GROUP PUBLIC LTD CO	$8.62	0.12%	3.36%	-0.69%	-4.86%	-6.10%	-26.14%	-54.20%	-53.08%	-76.61%	$12.07	$8.02	28.58%	7.48%	0.80	3,902,305	49.50%
UCL	UCLOUDLINK GROUP INC	$1.37	-2.84%	3.79%	-9.27%	4.74%	-16.97%	-65.84%	-89.75%	N/A	N/A	$4.78	$1.17	71.34%	17.09%	0.74	8,040	-69.74%
ORAN	ORANGE	$11.13	-0.89%	-3.30%	-2.54%	-8.62%	-3.39%	-13.65%	-10.75%	-30.52%	-25.60%	$13.05	$10.97	14.71%	1.46%	0.47	711,720	17.02%
CHTR	CHARTER COMMUNICATIONS INC	$254.61	-1.73%	-4.00%	-11.56%	-32.48%	-38.16%	-20.59%	-60.98%	-31.21%	81.80%	$458.30	$236.08	44.44%	7.85%	0.79	2,578,248	18.81%
SHEN	SHENANDOAH TELECOMMUNICATIONS CO	$13.39	-4.01%	-8.85%	-22.11%	-35.87%	-45.35%	-27.15%	-72.67%	-68.06%	-3.50%	$25.51	$13.33	47.51%	0.45%	0.86	129,138	-48.31%
VZ	VERIZON COMMUNICATIONS INC	$39.68	1.17%	-2.00%	-2.86%	-6.42%	15.11%	7.48%	-30.31%	-29.87%	-14.85%	$43.42	$30.14	8.61%	31.67%	0.44	17,944,982	8.20%
LBRDA	LIBERTY BROADBAND CORP	$49.56	-0.12%	-1.08%	-10.61%	-37.75%	-41.56%	-33.26%	-67.68%	-49.56%	N/A	$95.61	$47.17	48.16%	5.07%	0.87	229,508	-3.40%
RDCM	RADCOM LTD	$8.66	0.00%	0.35%	-19.52%	-8.99%	8.39%	-6.68%	-6.58%	4.46%	53.82%	$12.10	$7.52	28.43%	15.16%	0.39	32,415	26.00%
TU	TELUS CORP	$16.07	-0.19%	0.94%	2.36%	-11.31%	-0.50%	-23.07%	-22.55%	-12.38%	-7.48%	$21.28	$15.35	24.48%	4.69%	0.71	1,495,022	-18.82%
ATEX	ANTERIX INC	$32.21	1.00%	1.54%	-2.42%	7.55%	6.30%	0.66%	-30.11%	-16.81%	N/A	$40.45	$27.20	20.37%	18.42%	0.87	75,371	-40.83%
CHT	CHUNGHWA TELECOM CO LTD	$37.88	0.03%	0.08%	-3.27%	-1.81%	6.46%	-8.48%	-8.01%	5.93%	21.02%	$41.58	$35.45	8.90%	6.87%	0.24	67,603	22.06%
GOGO	GOGO INC	$9.14	3.98%	9.46%	9.72%	1.33%	-17.14%	-30.65%	-18.10%	77.48%	-50.27%	$17.94	$7.53	49.05%	21.38%	1.04	2,004,325	209.77%
BCE	BCE INC	$32.62	-0.82%	0.09%	-3.69%	-19.95%	-12.15%	-30.95%	-30.05%	-27.02%	-25.58%	$48.38	$31.82	32.58%	2.51%	0.66	1,306,367	-25.48%
IRDM	IRIDIUM COMMUNICATIONS INC	$31.37	5.66%	14.49%	22.59%	-14.10%	-14.76%	-50.06%	-18.65%	15.25%	366.82%	$65.69	$24.14	52.25%	29.95%	1.14	2,330,342	42.08%
IDT	IDT CORP	$36.15	-0.44%	-1.44%	-5.29%	3.17%	29.43%	9.55%	51.51%	444.43%	127.07%	$38.68	$21.64	6.54%	67.05%	1.21	44,746	-23.10%
TMUS	T-MOBILE US INC	$163.96	-0.05%	1.00%	1.78%	1.11%	14.77%	10.57%	23.74%	124.85%	483.49%	$168.64	$124.92	2.78%	31.25%	0.75	7,941,078	36.88%
T	AT&T INC	$16.75	1.03%	1.45%	-2.50%	-3.12%	10.78%	-2.62%	-45.81%	-45.40%	-52.25%	$18.16	$13.43	7.74%	24.72%	0.67	36,067,623	-22.42%
TKC	TURKCELL ILETISIM HIZMETLERI A S	$5.98	0.50%	4.18%	17.49%	6.41%	39.72%	36.22%	29.16%	14.56%	-58.39%	$6.07	$3.52	1.40%	69.89%	0.58	446,225	68.63%
RCI	ROGERS COMMUNICATIONS INC	$37.96	-0.21%	-1.50%	-7.62%	-19.98%	1.39%	-21.93%	-22.97%	-24.62%	-2.09%	$50.00	$36.55	24.08%	3.86%	0.66	788,830	-11.88%
USM	UNITED STATES CELLULAR CORP	$36.78	1.69%	3.46%	3.40%	-20.92%	-12.14%	76.91%	4.25%	-23.20%	-9.14%	$48.47	$13.79	24.12%	166.72%	0.66	104,582	-42.77%
TLK	PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK	$18.99	0.74%	-3.41%	-16.56%	-25.44%	-13.72%	-34.88%	-15.52%	-31.02%	-4.55%	$28.75	$18.66	33.95%	1.77%	0.61	442,337	-47.86%
KT	KT CORP	$12.59	0.64%	3.20%	-12.02%	-3.67%	5.27%	12.51%	-4.48%	4.83%	-19.91%	$15.35	$11.04	17.98%	14.04%	0.56	346,321	7.27%
ATUS	ALTICE USA INC	$2.05	5.13%	4.06%	-17.67%	-23.51%	-28.32%	-22.64%	-94.16%	-91.21%	N/A	$3.82	$1.75	46.34%	17.48%	1.21	1,424,821	-17.83%
PHI	PLDT INC	$23.79	2.10%	2.72%	-1.37%	4.85%	8.43%	11.22%	-9.51%	1.84%	-62.59%	$30.39	$19.02	21.72%	25.08%	0.47	30,634	4.82%
FYBR	FRONTIER COMMUNICATIONS PARENT INC	$22.93	1.37%	5.67%	-3.41%	-7.54%	31.40%	8.36%	N/A	N/A	N/A	$25.89	$11.65	11.43%	96.82%	1.15	893,823	-28.39%
CXDO	CREXENDO INC	$4.18	-0.95%	4.50%	-10.49%	-31.48%	171.43%	226.56%	-32.91%	41.69%	32.70%	$7.59	$1.24	44.93%	237.10%	0.73	99,115	40.51%
VIV	TELEFONICA BRASIL SA	$9.41	1.18%	0.64%	-7.29%	-9.34%	2.51%	19.11%	17.77%	-20.25%	-54.61%	$11.43	$7.87	17.67%	19.57%	0.64	693,168	-12.21%
SIFY	SIFY TECHNOLOGIES LTD	$1.19	-5.56%	-3.25%	-9.16%	-16.20%	-20.13%	-4.80%	-60.98%	-22.73%	-38.97%	$3.37	$1.07	64.69%	11.74%	1.07	20,088	-50.32%
TDS	TELEPHONE & DATA SYSTEMS INC	$15.78	1.54%	2.67%	0.32%	-21.41%	-13.53%	64.72%	-32.59%	-50.39%	-40.16%	$21.75	$6.44	27.45%	145.22%	0.84	651,586	-27.48%
ATNI	ATN INTERNATIONAL INC	$19.52	1.14%	-31.07%	-36.87%	-48.32%	-36.13%	-49.17%	-58.96%	-68.13%	-68.35%	$41.03	$18.20	52.43%	7.25%	0.77	310,158	-28.72%
OOMA	OOMA INC	$6.88	1.18%	-2.55%	-19.34%	-37.91%	-39.01%	-43.93%	-59.19%	-47.04%	N/A	$15.66	$6.50	56.07%	5.85%	0.83	118,303	-24.13%
FNGR	FINGERMOTION INC	$3.58	13.65%	17.38%	73.37%	57.71%	-34.67%	114.37%	-58.52%	-47.74%	N/A	$7.97	$1.28	55.08%	179.69%	1.17	536,600	122.22%
AMX	AMERICA MOVIL SAB DE CV	$18.83	2.90%	3.12%	3.12%	4.32%	12.15%	-10.08%	28.71%	21.41%	-4.56%	$23.07	$16.00	18.38%	17.72%	0.76	1,331,412	-26.46%
VEON	VEON LTD	$23.43	-0.26%	-1.88%	1.34%	21.09%	39.88%	22.29%	-46.75%	-60.29%	-88.72%	$26.68	$14.50	12.18%	61.59%	0.81	13,939	9.25%
KORE	KORE GROUP HOLDINGS INC	$0.78	-2.38%	-2.62%	-7.14%	-15.22%	53.85%	-33.33%	-92.18%	N/A	N/A	$1.76	$0.32	55.68%	143.75%	1.01	18,971	221.00%
TEF	TELEFONICA S A	$4.50	1.81%	5.39%	2.97%	7.66%	20.64%	1.35%	6.03%	-38.72%	-69.26%	$4.53	$3.72	0.66%	21.13%	0.73	801,731	3.25%
RBBN	RIBBON COMMUNICATIONS INC	$3.13	-3.40%	21.79%	2.29%	-1.26%	60.51%	36.09%	-61.88%	-42.04%	-78.41%	$3.65	$1.78	14.25%	75.84%	1.31	589,265	-60.07%
SKM	SK TELECOM CO LTD	$20.61	0.54%	2.44%	-7.16%	-0.77%	1.93%	4.83%	-59.99%	-46.71%	-43.15%	$22.71	$18.52	9.25%	11.29%	0.60	219,856	-2.83%
GSAT	GLOBALSTAR INC	$1.29	-0.77%	1.57%	-4.44%	-19.88%	-3.73%	40.68%	-5.15%	156.97%	-50.76%	$2.13	$0.85	39.44%	51.05%	1.30	1,529,928	-41.83%
LILA	LIBERTY LATIN AMERICA LTD	$7.61	2.01%	4.39%	10.45%	4.39%	13.24%	-5.93%	-45.87%	-62.99%	N/A	$9.85	$5.90	22.74%	28.98%	1.37	409,327	-28.27%
TIMB	TIM SA	$17.09	1.36%	2.52%	-5.89%	-4.20%	10.76%	24.56%	54.38%	15.55%	-35.75%	$19.14	$13.17	10.71%	29.76%	0.81	361,747	-1.39%
LBTYA	LIBERTY GLOBAL LTD	$16.35	1.24%	-2.45%	-1.62%	-19.02%	6.86%	-11.33%	-36.87%	-39.22%	-58.62%	$20.56	$15.01	20.46%	8.93%	0.87	1,935,672	2.55%
TEO	TELECOM ARGENTINA SA	$7.99	4.86%	11.28%	3.10%	0.88%	39.69%	53.65%	81.59%	-39.92%	-61.01%	$8.87	$4.50	9.92%	77.56%	0.55	266,509	532.00%
WOW	WIDEOPENWEST INC	$3.47	0.29%	-1.42%	1.17%	-7.22%	-48.59%	-67.11%	-75.56%	-58.09%	N/A	$11.75	$2.31	70.47%	50.22%	1.25	175,974	-16.39%
LUMN	LUMEN TECHNOLOGIES INC	$1.21	0.00%	-7.63%	-21.94%	-13.57%	-13.57%	-43.46%	-90.74%	-89.59%	-96.51%	$2.70	$0.78	55.19%	55.13%	1.05	6,518,628	-46.15%
CNSL	CONSOLIDATED COMMUNICATIONS HOLDINGS INC	$4.27	0.71%	0.00%	-0.70%	-2.73%	4.91%	11.78%	-37.48%	-25.09%	-78.16%	$4.65	$2.93	8.17%	45.73%	1.01	243,058	-21.75%
IHS	IHS HOLDING LTD	$3.53	2.62%	6.33%	-8.07%	-13.05%	-29.82%	-62.41%	N/A	N/A	N/A	$10.13	$2.18	65.15%	61.93%	0.94	156,866	-11.56%
TIGO	MILLICOM INTERNATIONAL CELLULAR SA	$20.15	-0.64%	0.35%	2.91%	13.65%	33.89%	5.44%	-45.95%	-65.36%	N/A	$20.81	$14.46	3.17%	39.35%	0.86	95,196	27.34%

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 47.93% over the past year, overperforming other telecom stocks by 67 percentage points.

Interdigital has an average 1 year price target of $100.00, a downside of -0.7% from Interdigital's current stock price of $100.71.

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 -1.02% over the past year, overperforming other telecom stocks by 18 percentage points.

Cogent Communications Holdings has an average 1 year price target of $82.00, an upside of 24.64% from Cogent Communications Holdings's current stock price of $65.79.

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 54, which is 23 points higher than the telecom industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Comcast has seen its stock return 5.61% over the past year, overperforming other telecom stocks by 24 percentage points.

Comcast has an average 1 year price target of $48.47, an upside of 25.67% from Comcast's current stock price of $38.57.

Comcast stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Comcast, 22.22% have issued a Strong Buy rating, 22.22% have issued a Buy, 55.56% 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 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 4.52%. 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 11.25%, which is 7 percentage points higher than the telecom industry average of 4.52%. 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 9.65%, which is 5 percentage points higher than the telecom industry average of 4.52%. 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 0.33% in the last day, and down -0.58% over the last week. Iridium Communications was the among the top gainers in the telecom services industry, gaining 5.66% yesterday.

Iridium Communications shares are trading higher after Barclays maintained an Overweight rating on the stock and raised its price target from $42 to $44.

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 50 points higher than the telecom industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Charter Communications's stock has dropped -20.59% in the past year. It has underperformed other stocks in the telecom industry by -2 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 50 points higher than the telecom industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Interdigital's stock has gained 47.93% in the past year. It has overperformed other stocks in the telecom industry by 67 percentage points.

3. Liberty Broadband (NASDAQ:LBRDA)

Liberty Broadband (NASDAQ:LBRDA) is the third most undervalued telecom stock based on WallStreetZen's Valuation Score. Liberty Broadband has a valuation score of 86, which is 50 points higher than the telecom industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Liberty Broadband's stock has dropped -33.26% in the past year. It has underperformed other stocks in the telecom industry by -15 percentage points.

Are telecom stocks a good buy now?

37.5% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 40.46% 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 117.09x.

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.