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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
IDCC
INTERDIGITAL INC
$2.77B$108.84N/AN/AN/AN/A14.19%N/AN/AN/A
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
$3.75B$77.10$70.50-8.56%Buy218.95%-59.96%N/AN/A
CMCSA
COMCAST CORP
$166.22B$41.85$48.5015.89%Hold81.64%13.89%N/AN/A
TV
GRUPO TELEVISA SAB
$2.38B$3.60$5.7359.03%Buy41.95%-46.27%N/AN/A
VOD
VODAFONE GROUP PUBLIC LTD CO
$24.41B$8.47$7.70-9.09%Buy2-2.07%-44.01%57.26%23.37%
LILA
LIBERTY LATIN AMERICA LTD
$1.32B$6.48$9.2542.75%Hold13.21%40.96%N/AN/A
UCL
UCLOUDLINK GROUP INC
$67.02M$1.80N/AN/AN/AN/A290.24%N/AN/AN/A
SIFY
SIFY TECHNOLOGIES LTD
$228.63M$1.25N/AN/AN/AN/A22.23%207.83%N/AN/A
LBRDA
LIBERTY BROADBAND CORP
$8.53B$59.70N/AN/AN/AN/A1.00%N/AN/AN/A
VZ
VERIZON COMMUNICATIONS INC
$172.80B$41.10$44.738.82%Buy111.47%21.09%23.65%5.75%
CHTR
CHARTER COMMUNICATIONS INC
$41.72B$287.30$414.8044.38%Hold101.12%27.79%N/AN/A
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
$1.06B$21.12$24.0013.64%Hold122.42%159.81%N/AN/A
CABO
CABLE ONE INC
$2.67B$475.72$1.11k133.33%Strong Buy1-1.31%394.32%N/AN/A
ORAN
ORANGE
$31.32B$11.78$12.506.11%Strong Buy1-4.54%75.28%11.39%3.30%
OOMA
OOMA INC
$261.61M$10.14$19.5092.31%Strong Buy29.80%124.31%N/AN/A
ATEX
ANTERIX INC
$722.09M$38.99$75.0092.36%Strong Buy1136.81%-89.09%N/AN/A
CHT
CHUNGHWA TELECOM CO LTD
$30.18B$38.90N/AN/AN/AN/AN/AN/AN/AN/A
TMUS
T-MOBILE US INC
$194.71B$164.05$184.3112.35%Strong Buy133.06%18.43%N/AN/A
IRDM
IRIDIUM COMMUNICATIONS INC
$3.61B$29.50$45.0052.54%Strong Buy31.97%108.17%N/AN/A
TKC
TURKCELL ILETISIM HIZMETLERI A S
$4.66B$5.29N/AN/AN/AN/AN/AN/AN/AN/A
TEF
TELEFONICA S A
$23.04B$3.99N/AN/AN/AN/A4.19%-12.91%5.99%1.37%
TU
TELUS CORP
$26.32B$17.93$26.0045.01%Buy13.68%113.14%N/AN/A
BCE
BCE INC
$34.59B$37.92$53.0039.77%Hold22.59%47.96%N/AN/A
USM
UNITED STATES CELLULAR CORP
$2.82B$33.15$38.0014.63%Hold1-2.78%125.00%N/AN/A
RDCM
RADCOM LTD
$149.86M$9.80$14.0042.86%Buy112.40%N/AN/AN/A
GOGO
GOGO INC
$1.19B$9.22$16.2576.25%Buy210.80%3.15%N/AN/A
IDT
IDT CORP
$892.70M$35.48N/AN/AN/AN/AN/AN/AN/AN/A
KT
KT CORP
$7.47B$14.58N/AN/AN/AN/AN/AN/AN/AN/A
ATUS
ALTICE USA INC
$875.75M$1.92$3.0558.85%Buy4-1.78%195.30%N/AN/A
TDS
TELEPHONE & DATA SYSTEMS INC
$1.55B$14.65$18.0022.87%Hold1-1.36%N/AN/AN/A
SKM
SK TELECOM CO LTD
$8.58B$22.03N/AN/AN/AN/AN/AN/AN/AN/A
ATNI
ATN INTERNATIONAL INC
$549.78M$35.65N/AN/AN/AN/A1.25%N/AN/AN/A
RCI
ROGERS COMMUNICATIONS INC
$22.93B$45.41$52.0014.51%Strong Buy19.81%100.25%N/AN/A
FNGR
FINGERMOTION INC
$131.89M$2.51N/AN/AN/AN/AN/AN/AN/AN/A
AMX
AMERICA MOVIL SAB DE CV
$61.97B$18.75$20.7010.42%Buy52.93%655.74%N/AN/A
CXDO
CREXENDO INC
$154.91M$5.95$6.7513.45%Hold113.72%N/AN/AN/A
RBBN
RIBBON COMMUNICATIONS INC
$539.23M$3.14$6.0091.08%Strong Buy1N/AN/AN/AN/A
CRGE
CHARGE ENTERPRISES INC
$17.20M$0.08N/AN/AN/AN/A6.64%N/AN/AN/A
KORE
KORE GROUP HOLDINGS INC
$72.06M$0.83$2.85242.96%Buy221.61%N/AN/AN/A
GSAT
GLOBALSTAR INC
$3.08B$1.62N/AN/AN/AN/AN/AN/AN/AN/A
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
$26.31B$26.56N/AN/AN/AN/AN/AN/AN/AN/A
PHI
PLDT INC
$4.95B$22.93N/AN/AN/AN/AN/AN/AN/AN/A
FYBR
FRONTIER COMMUNICATIONS PARENT INC
$5.30B$21.58$26.2521.64%Buy42.63%2.86%N/AN/A
TIMB
TIM SA
$8.75B$18.08$20.0010.62%Hold18.49%23.49%N/AN/A
VEON
VEON LTD
$1.62B$23.04$35.0051.91%Strong Buy1N/AN/AN/AN/A
T
AT&T INC
$121.55B$17.00$20.9523.24%Buy101.18%N/AN/AN/A
VIV
TELEFONICA BRASIL SA
$17.97B$10.80$11.678.03%Hold38.55%N/AN/AN/A
WOW
WIDEOPENWEST INC
$322.82M$3.86$13.00236.79%Strong Buy2-2.16%N/AN/AN/A
LBTYA
LIBERTY GLOBAL LTD
$6.68B$17.70$23.8334.65%Strong Buy31.06%N/AN/AN/A
IHS
IHS HOLDING LTD
$926.28M$2.78$12.63354.14%Strong Buy4-5.66%N/AN/AN/A
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
$504.39M$4.33N/AN/AN/AN/AN/AN/AN/AN/A
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
$2.72B$15.82$17.007.46%Hold1N/AN/AN/AN/A
LUMN
LUMEN TECHNOLOGIES INC
$1.56B$1.55$1.603.23%Sell3-5.08%N/AN/AN/A
TEO
TELECOM ARGENTINA SA
$3.30B$7.66$5.70-25.59%Sell1-15.94%N/AN/AN/A
MIMO
AIRSPAN NETWORKS HOLDINGS INC
$9.40M$0.13N/AN/AN/AN/AN/AN/AN/AN/A

Telecom Stocks FAQ

What are the best telecom stocks to buy right now in Feb 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 68, which is 39 points higher than the telecom industry average of 29. It passed 25 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 51.61% over the past year, overperforming other telecom stocks by 67 percentage points.

2. Cogent Communications Holdings (NASDAQ:CCOI)


Cogent Communications Holdings (NASDAQ:CCOI) is the second best telecom stock with a Zen Score of 62, which is 33 points higher than the telecom industry average of 29. It passed 23 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock return 17.51% over the past year, overperforming other telecom stocks by 33 percentage points.

Cogent Communications Holdings has an average 1 year price target of $70.50, a downside of -8.56% from Cogent Communications Holdings's current stock price of $77.10.

Cogent Communications Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Cogent Communications Holdings, 0% have issued a Strong Buy rating, 50% 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 51, which is 22 points higher than the telecom industry average of 29. It passed 18 out of 38 due diligence checks and has strong fundamentals. Comcast has seen its stock return 10.6% over the past year, overperforming other telecom stocks by 26 percentage points.

Comcast has an average 1 year price target of $48.50, an upside of 15.89% from Comcast's current stock price of $41.85.

Comcast stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Comcast, 12.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 75% 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 23 telecom stocks that have issued dividends in the past year, the 3 telecom stocks with the highest dividend yields are:

1. Vodafone Group Public Co (NASDAQ:VOD)


Vodafone Group Public Co (NASDAQ:VOD) has an annual dividend yield of 11.45%, which is 7 percentage points higher than the telecom industry average of 4.14%. 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.

2. Pldt (NYSE:PHI)


Pldt (NYSE:PHI) has an annual dividend yield of 8.55%, which is 4 percentage points higher than the telecom industry average of 4.14%. 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 151.8% indicates that its high dividend yield might not be sustainable for the long-term.

3. Telefonica S A (NYSE:TEF)


Telefonica S A (NYSE:TEF) has an annual dividend yield of 8.12%, which is 4 percentage points higher than the telecom industry average of 4.14%. Telefonica S A's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Telefonica S A's dividend has not shown consistent growth over the last 10 years.

Telefonica S A's dividend payout ratio of 77.4% indicates that its high dividend yield is sustainable for the long-term.

Why are telecom stocks down?

Telecom stocks were down -1.47% in the last day, and down -0.93% over the last week.

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

What are the most undervalued telecom stocks?

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

1. Liberty Latin America (NASDAQ:LILA)


Liberty Latin America (NASDAQ:LILA) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Liberty Latin America has a valuation score of 100, which is 66 points higher than the telecom industry average of 34. It passed 7 out of 7 valuation due diligence checks.

Liberty Latin America's stock has dropped -24.21% in the past year. It has underperformed other stocks in the telecom industry by -9 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 52 points higher than the telecom industry average of 34. It passed 6 out of 7 valuation due diligence checks.

Interdigital's stock has gained 51.61% 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 52 points higher than the telecom industry average of 34. It passed 6 out of 7 valuation due diligence checks.

Liberty Broadband's stock has dropped -32.74% in the past year. It has underperformed other stocks in the telecom industry by -17 percentage points.

Are telecom stocks a good buy now?

32.43% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 61.71% 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 110.51x.
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.