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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
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
$3.25B$1.05B$1.51B$1.20B$25.3774.42%14.92%11,431.82%106.23%2024-08-08
IDCC
INTERDIGITAL INC
$3.08B$610.76M$336.74M$190.46M$7.389.29%16.18%19.42%51.00%2024-08-01
LBRDA
LIBERTY BROADBAND CORP
$8.03B$980.00M$1.54B$860.00M$5.93-0.31%134.15%-11.49%71.47%2024-08-08
CMCSA
COMCAST CORP
$157.26B$121.94B$38.82B$15.41B$3.781.52%4.35%188.55%7.20%2024-07-23
ORAN
ORANGE
$29.42B$47.96B$14.52B$2.65B$0.926.01%0.61%21.49%5.45%2024-07-24
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
$1.05B$284.94M$292.04M$220.67M$4.375.49%7.62%N/A32.25%2024-07-31
VOD
VODAFONE GROUP PUBLIC LTD CO
$26.05B$39.48B$1.28B$1.23B$0.45-2.54%-4.26%-90.15%N/A2024-07-30
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
$19.61B$9.36B$2.38B$1.53B$1.552.23%1.53%18.86%5.35%2024-07-26
PHI
PLDT INC
$5.53B$3.75B$1.69B$472.72M$2.183.78%4.18%156.24%5.95%2024-08-01
VZ
VERIZON COMMUNICATIONS INC
$175.19B$134.04B$39.77B$11.31B$2.68-1.58%0.43%-47.96%-7.13%2024-07-22
CXDO
CREXENDO INC
$105.98M$54.99M$5.34M$1.65M$0.0831.29%34.29%N/A51.57%2024-08-06
CABO
CABLE ONE INC
$2.01B$1.66B$853.74M$257.35M$45.69-2.39%8.88%117.16%9.76%2024-08-01
UCL
UCLOUDLINK GROUP INC
$61.46M$26.51M$2.68M$1.17M$0.108.03%N/AN/AN/A2024-08-14
GOGO
GOGO INC
$1.17B$403.30M$164.42M$155.72M$1.20-1.61%9.36%66.67%N/A2024-08-05
TIMB
TIM SA
$7.23B$4.68B$2.57B$557.45M$1.1520.24%2.26%84.20%-2.36%2024-07-29
TMUS
T-MOBILE US INC
$213.34B$78.52B$27.93B$8.75B$7.43-0.71%12.31%140.45%15.09%2024-07-31
CHT
CHUNGHWA TELECOM CO LTD
$28.24B$6.88B$2.61B$1.13B$1.45-2.80%0.23%-5.25%-2.72%2024-08-06
T
AT&T INC
$137.09B$122.32B$43.56B$13.41B$1.860.95%-7.18%N/A-7.04%2024-07-24
TU
TELUS CORP
$23.22B$14.66B$3.70B$548.18M$0.386.73%6.26%-48.79%-17.82%2024-08-02
SIFY
SIFY TECHNOLOGIES LTD
$77.92M$426.86M$87.88M$586.20k$0.005.20%6.55%-93.33%-50.41%
IDT
IDT CORP
$937.54M$1.20B$66.46M$35.61M$1.41-4.97%-3.64%-27.32%40.23%
TKC
TURKCELL ILETISIM HIZMETLERI A S
$7.12B$3.31B$1.89B$387.59M$0.44-27.38%-2.00%15.68%2.10%2024-08-15
CHTR
CHARTER COMMUNICATIONS INC
$46.13B$54.63B$20.23B$4.64B$31.470.29%4.34%1.52%40.54%2024-07-26
IRDM
IRIDIUM COMMUNICATIONS INC
$3.13B$789.30M$399.51M$25.29M$0.214.12%7.99%50.00%N/A2024-07-23
BCE
BCE INC
$30.30B$17.85B$6.78B$1.27B$1.402.52%0.40%-30.30%-9.96%2024-08-01
RDCM
RADCOM LTD
$147.95M$53.70MN/A$3.85M$0.2613.17%12.96%N/AN/A2024-08-07
VIV
TELEFONICA BRASIL SA
$14.39B$10.48B$4.29B$1.01B$0.6117.80%-0.92%34.92%-13.41%2024-07-29
KT
KT CORP
$6.57B$19.24B$1.37B$718.45M$1.44-1.29%-0.50%-25.46%5.38%2024-08-05
OOMA
OOMA INC
$261.10M$242.38M$7.41M-$2.65M-$0.108.85%12.75%N/AN/A2024-08-21
RCI
ROGERS COMMUNICATIONS INC
$19.90B$14.76B$5.78B$430.43M$0.8132.42%5.77%-68.06%-22.54%
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
$4.23B$5.78B$2.52B$20.00M$0.043.47%7.61%-96.95%N/A2024-08-02
AMX
AMERICA MOVIL SAB DE CV
$54.80B$49.07B$18.46B$4.58BN/A10.98%-1.90%N/AN/A
VEON
VEON LTD
$1.89B$1.72B$563.00M$436.00M$6.25-15.66%-28.61%4.17%N/A2024-08-08
FNGR
FINGERMOTION INC
$107.01M$32.00M-$4.08M-$4.15M-$0.08-22.65%70.46%N/AN/A
GSAT
GLOBALSTAR INC
$2.24B$221.64M$60.74M-$45.07M-$0.0227.11%11.02%N/AN/A2024-08-01
SKM
SK TELECOM CO LTD
$8.23B$12.83BN/A$835.39M$2.12-0.34%-2.26%15.37%-41.29%2024-08-06
KORE
KORE GROUP HOLDINGS INC
$23.79M$286.61M-$64.38M-$166.14M-$9.357.97%N/AN/AN/A2024-08-07
ATEX
ANTERIX INC
$739.06M$4.19M-$6.67M-$9.13M-$0.49118.39%-8.40%N/AN/A2024-08-07
TEF
TELEFONICA S A
$25.82B$43.71B$1.32B-$959.14M-$0.226.17%-4.20%N/AN/A2024-07-31
ATNI
ATN INTERNATIONAL INC
$339.43M$763.24M$174.94M-$14.97M-$1.293.21%11.14%N/AN/A2024-07-24
LILA
LIBERTY LATIN AMERICA LTD
$1.96B$4.51B$1.65B-$5.40M-$0.02-3.96%3.83%N/AN/A2024-08-06
USM
UNITED STATES CELLULAR CORP
$4.85B$3.87B$975.00M$60.00M$0.69-6.63%-0.62%N/A-17.99%2024-08-02
RBBN
RIBBON COMMUNICATIONS INC
$643.47M$819.84M$50.85M-$58.26M-$0.35-1.55%7.33%N/AN/A2024-07-24
LBTYA
LIBERTY GLOBAL LTD
$6.98B$7.57B$573.20M-$2.82B-$6.444.96%-8.44%N/AN/A2024-07-22
FYBR
FRONTIER COMMUNICATIONS PARENT INC
$6.64B$5.77B$2.30B$27.00M$0.11-0.12%N/A-92.86%N/A2024-08-02
TDS
TELEPHONE & DATA SYSTEMS INC
$2.41B$5.12B$702.00M-$547.00M-$4.86-5.22%-0.09%N/AN/A2024-08-02
TEO
TELECOM ARGENTINA SA
$2.85B$2.41B$869.30M-$301.76M-$0.70-80.22%-22.88%N/AN/A2024-08-07
ATUS
ALTICE USA INC
$818.73M$9.19B$3.32B$6.14M$0.01-3.42%-0.93%-80.00%-42.57%2024-08-01
TV
GRUPO TELEVISA SAB
$1.56B$4.44B$1.45B-$506.48M-$0.1812.18%-3.39%N/AN/A2024-07-23
WOW
WIDEOPENWEST INC
$437.21M$676.00M-$71.20M-$264.70M-$3.26-3.77%-10.17%N/AN/A2024-08-06
LUMN
LUMEN TECHNOLOGIES INC
$1.40B$14.11B-$6.65B-$10.75B-$10.93-14.70%-8.55%N/AN/A2024-08-06
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
$528.20M$1.11B$178.61M-$293.92M-$2.58-5.01%-4.31%N/AN/A2024-08-06
IHS
IHS HOLDING LTD
$955.33M$1.94BN/A-$3.52B-$10.55-8.36%N/AN/AN/A2024-08-13

Telecom Stocks FAQ

What are the best telecom stocks to buy right now in Jul 2024?

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

1. Cogent Communications Holdings (NASDAQ:CCOI)


Cogent Communications Holdings (NASDAQ:CCOI) is the top telecom stock with a Zen Score of 70, which is 41 points higher than the telecom industry average of 29. It passed 26 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock return 3.93% over the past year, overperforming other telecom stocks by 21 percentage points.

Cogent Communications Holdings has an average 1 year price target of $76.71, an upside of 15.69% from Cogent Communications Holdings's current stock price of $66.31.

Cogent Communications Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Cogent Communications Holdings, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Interdigital (NASDAQ:IDCC)


Interdigital (NASDAQ:IDCC) is the second best telecom stock with a Zen Score of 55, which is 26 points higher than the telecom industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 27.13% over the past year, overperforming other telecom stocks by 44 percentage points.

Interdigital has an average 1 year price target of $100.00, a downside of -18.13% from Interdigital's current stock price of $122.15.

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

3. Liberty Broadband (NASDAQ:LBRDA)


Liberty Broadband (NASDAQ:LBRDA) is the third best telecom stock with a Zen Score of 54, which is 25 points higher than the telecom industry average of 29. It passed 18 out of 33 due diligence checks and has strong fundamentals. Liberty Broadband has seen its stock lose -34.52% over the past year, underperforming other telecom stocks by -18 percentage points.

Liberty Broadband has an average 1 year price target of $72.00, an upside of 28.05% from Liberty Broadband's current stock price of $56.23.

Liberty Broadband stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Liberty Broadband, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 10.7%, which is 6 percentage points higher than the telecom industry average of 4.43%. Vodafone Group Public Co's dividend payout is not stable, having dropped more than 10% five 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 213.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Bce (NYSE:BCE)


Bce (NYSE:BCE) has an annual dividend yield of 10.3%, which is 6 percentage points higher than the telecom industry average of 4.43%. 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 225% indicates that its high dividend yield might not be sustainable for the long-term.

3. Telus (NYSE:TU)


Telus (NYSE:TU) has an annual dividend yield of 7.6%, which is 3 percentage points higher than the telecom industry average of 4.43%. Telus's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Telus's dividend has shown consistent growth over the last 10 years.

Telus's dividend payout ratio of 313.5% indicates that its high dividend yield might not be sustainable for the long-term.

Why are telecom stocks down?

Telecom stocks were down -0.75% in the last day, and up 1.95% 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. Cogent Communications Holdings (NASDAQ:CCOI)


Cogent Communications Holdings (NASDAQ:CCOI) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Cogent Communications Holdings has a valuation score of 86, which is 58 points higher than the telecom industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Cogent Communications Holdings's stock has gained 3.93% in the past year. It has overperformed other stocks in the telecom industry by 21 percentage points.

2. Liberty Broadband (NASDAQ:LBRDA)


Liberty Broadband (NASDAQ:LBRDA) is the second most undervalued telecom stock based on WallStreetZen's Valuation Score. Liberty Broadband has a valuation score of 71, which is 43 points higher than the telecom industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Liberty Broadband's stock has dropped -34.52% in the past year. It has underperformed other stocks in the telecom industry by -18 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 43 points higher than the telecom industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Kt's stock has gained 14.11% in the past year. It has overperformed other stocks in the telecom industry by 31 percentage points.

Are telecom stocks a good buy now?

47.22% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 27.2% 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 18.28x.
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.