Sectors & Industries Communication ServicesTelecom Services
Best Telecom Stocks to Buy Now (2023)
Top telecom stocks in 2023 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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
ZM	ZOOM VIDEO COMMUNICATIONS INC	$22.53B	$4.35B	$520.39M	$698.23M	$2.34	11.14%	N/A	-39.85%	N/A	2023-02-27
IDCC	INTERDIGITAL INC	$2.07B	$452.55M	$213.42M	$83.16M	$2.74	11.91%	-5.53%	163.46%	-18.18%	2023-02-15
VZ	VERIZON COMMUNICATIONS INC	$173.37B	$135.65B	$45.29B	$19.29B	$4.61	1.05%	1.74%	-13.51%	3.35%
VOD	VODAFONE GROUP PUBLIC LTD CO	$31.58B	$46.49B	$4.47B	$2.64B	$0.74	-12.82%	-3.53%	N/A	N/A
CNSL	CONSOLIDATED COMMUNICATIONS HOLDINGS INC	$507.74M	$1.21B	$604.51M	$157.89M	$1.44	-5.90%	6.66%	N/A	N/A	2023-02-28
TEF	TELEFONICA S A	$22.13B	$44.63B	$13.12B	$9.25B	$1.52	-15.04%	-4.01%	458.46%	31.12%	2023-02-23
TLK	PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK	$25.18B	$9.97B	$2.71B	$1.73B	$1.75	3.45%	3.17%	16.45%	4.00%	2023-03-06
TIGO	MILLICOM INTERNATIONAL CELLULAR SA	$2.85B	$5.59B	$2.99B	$711.00M	$7.55	36.54%	N/A	N/A	N/A	2023-02-10
CABO	CABLE ONE INC	$4.74B	$1.71B	$971.48M	$376.16M	$62.99	13.45%	13.52%	13.37%	25.15%	2023-02-22
TEO	TELECOM ARGENTINA SA	$1.52B	$3.86B	$1.34B	$78.70M	$0.18	-22.64%	1.84%	N/A	-41.10%	2023-03-08
VIV	TELEFONICA BRASIL SA	$12.54B	$8.37B	$3.89B	$1.19B	$0.71	-4.68%	-9.55%	19.35%	-0.91%	2023-02-15
TU	TELUS CORP	$29.60B	$13.30B	$4.44B	$1.47B	$1.07	6.63%	5.55%	47.86%	4.97%	2023-02-09
TIMB	TIM SA	$5.24B	$3.76B	$2.20B	$616.08M	$1.27	-2.37%	-7.53%	49.79%	18.13%	2023-02-09
KT	KT CORP	$6.37B	$20.61B	$1.99B	$1.11B	$2.36	-5.70%	1.98%	84.23%	13.92%	2023-02-08
PHI	PLDT INC	$5.53B	$3.76B	$1.73B	$512.98M	$2.37	0.29%	2.55%	2.01%	5.05%	2023-03-09
IRDM	IRIDIUM COMMUNICATIONS INC	$7.48B	$683.09M	$371.92M	$3.65M	$0.04	12.88%	9.19%	N/A	-47.78%	2023-02-16
T	AT&T INC	$139.55B	$138.75B	$50.36B	$19.84B	$2.76	-11.45%	-2.90%	2,023.08%	5.82%
CCOI	COGENT COMMUNICATIONS HOLDINGS INC	$3.29B	$594.84M	$196.56M	$22.80M	$0.49	1.42%	4.58%	-2.00%	6.96%	2023-02-23
GOGO	GOGO INC	$2.14B	$388.20M	$160.05M	$283.10M	$2.65	20.92%	-10.37%	N/A	N/A	2023-03-01
TDS	TELEPHONE & DATA SYSTEMS INC	$1.52B	$5.43B	$1.25B	$49.00M	$0.43	1.78%	1.54%	-58.25%	N/A	2023-02-15
PTNR	PARTNER COMMUNICATIONS CO LTD	$1.23B	$993.39M	$288.22M	$61.49M	$0.34	-6.35%	0.87%	338.67%	3.50%	2023-03-30
IDT	IDT CORP	$798.69M	$1.32B	$68.62M	$40.50M	$1.57	-10.71%	-2.92%	-53.13%	N/A	2023-03-06
SPOK	SPOK HOLDINGS INC	$161.57M	$135.82M	-$17.62M	-$19.04M	-$0.98	-6.39%	-4.57%	N/A	N/A	2023-02-15
AMOV	AMERICA MOVIL SAB DE CV	$66.44B	$41.00	$20.55B	$9.43B	$0.02	-100.00%	-98.46%	300.00%	88.82%	2023-02-14
RCI	ROGERS COMMUNICATIONS INC	$24.76B	$11.58B	$4.58B	$1.26B	$2.50	-1.85%	-0.09%	0.70%	-2.87%
SIFY	SIFY TECHNOLOGIES LTD	$321.63M	$360.84M	$79.45M	$11.78M	$0.06	-0.37%	4.01%	-52.24%	-3.38%
RADI	RADIUS GLOBAL INFRASTRUCTURE INC	$1.31B	$127.46M	$162.02M	-$14.28M	-$0.15	34.55%	N/A	N/A	N/A	2023-02-28
TKC	TURKCELL ILETISIM HIZMETLERI A S	$4.32B	$2.46B	$1.25B	$343.89M	$0.39	-31.33%	-7.93%	-34.05%	-2.33%	2023-02-16
CXDO	CREXENDO INC	$39.82M	$35.11M	-$1.32M	-$3.41M	-$0.15	49.91%	29.29%	N/A	N/A	2023-03-20
ASTS	AST SPACEMOBILE INC	$1.12B	$20.05M	-$20.76M	-$26.52M	-$0.51	125.84%	N/A	N/A	N/A	2023-03-29
BCE	BCE INC	$41.93B	$17.48B	$7.12B	$2.05B	$2.26	-1.31%	0.22%	-9.37%	-1.96%
UCL	UCLOUDLINK GROUP INC	$177.88M	$26.11M	-$32.27M	-$34.30M	-$1.20	-27.67%	N/A	N/A	N/A	2023-03-22
ATNI	ATN INTERNATIONAL INC	$756.17M	$721.30M	$121.32M	-$28.47M	-$2.09	33.86%	7.52%	N/A	N/A	2023-02-21
RDCM	RADCOM LTD	$152.99M	$44.92M	N/A	-$3.58M	-$0.25	14.10%	5.34%	N/A	N/A	2023-02-08
ATEX	ANTERIX INC	$696.96M	$1.45M	-$44.82M	-$47.57M	-$2.56	86.04%	-23.59%	N/A	N/A	2023-02-09
QTEK	QUALTEK SERVICES INC	$23.20M	$695.56M	$17.49M	-$101.73M	$3.70	16.39%	N/A	-66.61%	N/A	2023-03-30
LUMN	LUMEN TECHNOLOGIES INC	$5.21B	$18.53B	$7.61B	$2.03B	$2.00	-7.21%	2.19%	N/A	28.09%	2023-02-07
KLR	KALEYRA INC	$51.34M	$335.51M	-$10.43M	-$47.98M	-$1.10	51.13%	N/A	N/A	N/A	2023-02-14
SJR	SHAW COMMUNICATIONS INC	$14.71B	$4.05B	$926.87M	$549.25M	$1.10	-5.38%	1.19%	-29.82%	-4.31%
OOMA	OOMA INC	$361.34M	$210.16M	$3.09M	-$3.34M	-$0.13	12.95%	13.45%	N/A	N/A	2023-03-01
SBET	SHARPLINK GAMING LTD	$15.97M	$6.06M	-$65.59M	-$66.49M	-$4.13	235.06%	6.36%	N/A	N/A	2023-03-01
ORAN	ORANGE	$27.44B	$46.73B	$11.72B	$256.04M	$0.00	-6.26%	2.43%	-100.00%	-100.00%	2023-02-16
VEON	VEON LTD	$1.12B	$7.57B	$3.64B	$439.00M	$0.26	0.34%	N/A	N/A	N/A	2023-03-16
LILA	LIBERTY LATIN AMERICA LTD	$2.08B	$4.94B	$690.60M	-$915.80M	-$3.97	6.60%	N/A	N/A	N/A	2023-02-20
CHT	CHUNGHWA TELECOM CO LTD	$28.80B	$6.79B	$2.67B	$1.14B	N/A	-8.99%	-1.60%	N/A	N/A
ATUS	ALTICE USA INC	$2.20B	$9.80B	$3.86B	$639.34M	$1.40	-3.02%	1.15%	-35.48%	N/A	2023-02-22
SHEN	SHENANDOAH TELECOMMUNICATIONS CO	$948.86M	$259.96M	$55.60M	-$5.73M	-$0.11	7.97%	-15.81%	N/A	N/A	2023-02-27
RBBN	RIBBON COMMUNICATIONS INC	$648.96M	$816.70M	-$142.45M	-$214.88M	-$1.44	-4.88%	26.58%	N/A	N/A	2023-02-15
TMUS	T-MOBILE US INC	$176.63B	$80.08B	$19.09B	$1.54B	$1.22	0.51%	14.85%	-52.16%	-14.18%
FNGR	FINGERMOTION INC	$151.46M	$26.88M	-$6.69M	-$7.04M	-$0.17	18.31%	158.41%	N/A	N/A
COMS	COMSOVEREIGN HOLDING CORP	$18.62M	$12.26M	-$150.63M	-$164.36M	-$2.23	45.62%	67.77%	N/A	N/A	2023-04-03
FYBR	FRONTIER COMMUNICATIONS PARENT INC	$7.35B	$5.89B	$2.27B	$475.00M	$1.94	N/A	N/A	N/A	N/A	2023-02-24
USM	UNITED STATES CELLULAR CORP	$2.04B	$4.19B	$955.00M	$85.00M	$0.99	1.53%	1.61%	-36.13%	N/A	2023-02-15
ANTE	AIRNET TECHNOLOGY INC	$6.22M	$5.39M	N/A	-$12.63M	-$2.80	-73.10%	-25.18%	N/A	N/A	2023-03-07
VATE	INNOVATE CORP	$238.99M	$1.62B	$62.80M	-$39.00M	-$0.51	64.18%	-0.08%	N/A	N/A	2023-03-07
IHS	IHS HOLDING LTD	$2.51B	$1.85B	$552.21M	-$278.83M	-$0.87	20.58%	N/A	N/A	N/A	2023-03-14
SKM	SK TELECOM CO LTD	$40.00B	$11.52B	$1.02B	$756.70M	$0.38	-14.95%	-6.91%	-46.85%	-42.71%
GSAT	GLOBALSTAR INC	$2.40B	$141.67M	-$145.67M	-$275.54M	-$0.14	15.19%	5.65%	N/A	N/A	2023-02-22
MIMO	AIRSPAN NETWORKS HOLDINGS INC	$102.02M	$175.98M	-$73.11M	-$93.68M	-$1.29	-15.58%	N/A	N/A	N/A

Telecom Stocks FAQ

What are the best telecom stocks to buy right now in Feb 2023?

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

1. Zoom (NASDAQ:ZM)

Zoom (NASDAQ:ZM) is the top telecom stock with a Zen Score of 56, which is 28 points higher than the telecom industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Zoom has seen its stock lose -45.51% over the past year, underperforming other telecom stocks by -14 percentage points.

Zoom has an average 1 year price target of $97.29, an upside of 26.23% from Zoom's current stock price of $77.07.

Zoom stock has a consensus Hold recommendation according to Wall Street analysts. Of the 24 analysts covering Zoom, 16.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 66.67% have issued a hold, while 4.17% have issued a Sell rating, and 4.17% have issued a Strong Sell.

2. Interdigital (NASDAQ:IDCC)

Interdigital (NASDAQ:IDCC) is the second best telecom stock with a Zen Score of 51, which is 23 points higher than the telecom industry average of 28. It passed 18 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 3.53% over the past year, overperforming other telecom stocks by 35 percentage points.

Interdigital has an average 1 year price target of $70.00, an upside of 0.23% from Interdigital's current stock price of $69.84.

Interdigital stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Interdigital, 50% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Verizon (NYSE:VZ)

Verizon (NYSE:VZ) is the third best telecom stock with a Zen Score of 47, which is 19 points higher than the telecom industry average of 28. It passed 16 out of 38 due diligence checks and has strong fundamentals. Verizon has seen its stock lose -22.11% over the past year, overperforming other telecom stocks by 9 percentage points.

Verizon has an average 1 year price target of $44.80, an upside of 8.53% from Verizon's current stock price of $41.28.

Verizon stock has a consensus Hold recommendation according to Wall Street analysts. Of the 18 analysts covering Verizon, 5.56% have issued a Strong Buy rating, 16.67% have issued a Buy, 66.67% have issued a hold, while 5.56% have issued a Sell rating, and 5.56% 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. Spok Holdings (NASDAQ:SPOK)

Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 15.24%, which is 10 percentage points higher than the telecom industry average of 5.04%. Spok Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Spok Holdings's dividend has shown consistent growth over the last 10 years.

Spok Holdings's dividend payout ratio of -108.4% 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 8.56%, which is 4 percentage points higher than the telecom industry average of 5.04%. Vodafone Group Public Co's dividend payout is not stable, having dropped more than 10% nine 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 196.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Pldt (NYSE:PHI)

Pldt (NYSE:PHI) has an annual dividend yield of 8.44%, which is 3 percentage points higher than the telecom industry average of 5.04%. Pldt's dividend payout is not stable, having dropped more than 10% seven 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 69.9% indicates that its high dividend yield is sustainable for the long-term.

Why are telecom stocks down?

Telecom stocks were down -1.41% in the last day, and up 1.84% over the last week. T Mobile Us was the among the top losers in the telecom services industry, dropping -2.22% yesterday.

T-Mobile shares are trading lower after MoffetNathanson downgraded the stock from Outperform to Market Perform.

What are the most undervalued telecom stocks?

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

1. Consolidated Communications Holdings (NASDAQ:CNSL)

Consolidated Communications Holdings (NASDAQ:CNSL) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Consolidated Communications Holdings has a valuation score of 100, which is 69 points higher than the telecom industry average of 31. It passed 7 out of 7 valuation due diligence checks.

Consolidated Communications Holdings's stock has dropped -38.29% in the past year. It has underperformed other stocks in the telecom industry by -7 percentage points.

2. Millicom International Cellular Sa (NASDAQ:TIGO)

Millicom International Cellular Sa (NASDAQ:TIGO) is the second most undervalued telecom stock based on WallStreetZen's Valuation Score. Millicom International Cellular Sa has a valuation score of 100, which is 69 points higher than the telecom industry average of 31. It passed 7 out of 7 valuation due diligence checks.

Millicom International Cellular Sa's stock has dropped -39.93% in the past year. It has underperformed other stocks in the telecom industry by -9 percentage points.

3. Kt (NYSE:KT)

Kt (NYSE:KT) is the third most undervalued telecom stock based on WallStreetZen's Valuation Score. Kt has a valuation score of 71, which is 40 points higher than the telecom industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Kt's stock has gained 2.35% in the past year. It has overperformed other stocks in the telecom industry by 34 percentage points.

Are telecom stocks a good buy now?

38.46% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 36.07% 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 99.31x.

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.