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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
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
IDCC
INTERDIGITAL INC
$2.16B$535.78M$333.60M$181.67M$6.3011.32%3.11%121.83%10.76%2023-11-01
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
$3.23B$695.38M$1.33B$1.12B$23.8217.31%6.56%2,407.37%150.81%2023-11-01
VZ
VERIZON COMMUNICATIONS INC
$141.26B$135.00B$49.22B$21.03B$5.010.50%0.81%0.40%-7.92%2023-10-24
TV
GRUPO TELEVISA SAB
$2.24B$4.19B$4.24B$2.48B$0.887.53%-4.15%665.09%59.73%2023-10-26
VOD
VODAFONE GROUP PUBLIC LTD CO
$29.02B$50.23B$13.54B$13.01B$4.70-0.81%-2.71%448.88%34.03%2023-11-14
IDT
IDT CORP
$579.02M$1.26B$80.15M$49.76M$1.94-11.35%-4.00%3.19%N/A2023-10-04
CABO
CABLE ONE INC
$3.61B$1.70B$718.09M$106.07M$19.16-1.31%10.16%-67.84%-15.95%2023-11-01
CMCSA
COMCAST CORP
$187.69B$120.61B$29.39B$6.51B$1.57-0.87%6.58%-49.35%-21.05%2023-10-26
LILA
LIBERTY LATIN AMERICA LTD
$1.72B$4.61B$1.82B$207.30M$0.92-6.11%5.12%N/AN/A2023-11-06
ORAN
ORANGE
$31.85B$47.25B$13.95B$2.33B$0.79-4.29%-1.17%N/A1.88%2023-10-24
TMUS
T-MOBILE US INC
$167.14B$78.58B$24.12B$6.15B$5.04-2.06%13.45%267.88%-2.05%2023-10-25
SIFY
SIFY TECHNOLOGIES LTD
$340.07M$405.98MN/A$8.20M$0.0514.58%5.04%-50.00%-13.70%2023-10-19
DISH
DISH NETWORK CORP
$3.42B$16.01B$3.25B$1.77B$3.34-8.20%2.74%-14.58%-8.96%2023-10-31
CHTR
CHARTER COMMUNICATIONS INC
$67.08B$54.54B$19.92B$4.63B$30.192.60%5.08%-4.79%-5.14%2023-10-26
KT
KT CORP
$6.38B$20.15B$1.93B$968.25M$2.00-1.77%-1.20%-14.76%18.46%2023-11-10
GOGO
GOGO INC
$1.62B$415.30M$157.34M$158.14M$1.2312.23%-12.72%-52.51%N/A2023-11-01
TU
TELUS CORP
$24.70B$14.88B$4.09B$893.18M$0.636.98%7.19%-39.94%-8.85%2023-11-02
RBBN
RIBBON COMMUNICATIONS INC
$472.37M$837.54M$26.95M-$57.71M-$0.332.14%11.81%N/AN/A2023-10-24
AMX
AMERICA MOVIL SAB DE CV
$60.38B$46.89B$17.88B$4.23B$0.016.99%-3.55%-58.33%20.11%
TEF
TELEFONICA S A
$25.01B$43.00B$6.11B$2.16B$0.33-4.68%-7.38%-78.33%-11.12%2023-11-08
BCE
BCE INC
$36.99B$18.62B$7.23B$1.74B$1.910.37%1.09%-22.14%-4.45%2023-11-02
UCL
UCLOUDLINK GROUP INC
$79.06M$25.65M-$3.33M-$4.49M-$0.10-12.62%N/AN/AN/A2023-11-14
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
$409.30M$1.14B$520.10M$70.11M$0.58-7.43%-4.31%N/A-9.77%2023-10-30
CHT
CHUNGHWA TELECOM CO LTD
$28.46B$7.05B$2.75B$1.17B$1.52-1.48%-0.69%-2.37%-1.28%2023-11-01
ATNI
ATN INTERNATIONAL INC
$530.46M$746.44M$164.55M-$9.29M-$0.905.75%10.55%N/AN/A2023-10-24
RCI
ROGERS COMMUNICATIONS INC
$21.12B$12.62B$4.97B$1.13B$2.238.05%2.45%-14.78%-5.17%2023-11-07
OOMA
OOMA INC
$323.33M$228.38M$7.51M-$3.28M-$0.1312.70%13.62%N/AN/A
CXDO
CREXENDO INC
$57.15M$45.71M-$32.45M-$35.42M-$1.5231.32%32.38%N/AN/A2023-11-08
TKC
TURKCELL ILETISIM HIZMETLERI A S
$4.36B$3.17B$1.62B$214.80M$0.24-37.93%-6.63%-32.45%-15.57%2023-11-02
ATEX
ANTERIX INC
$593.70M$2.19M-$3.11M-$5.24M-$0.2777.20%-20.17%N/AN/A2023-10-30
RDCM
RADCOM LTD
$136.62M$48.70MN/A$987.00k$0.0512.88%3.09%N/A-32.99%2023-11-08
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
$24.15B$9.86B$2.24B$1.39B$1.40-5.73%0.06%-23.60%-3.92%2023-11-07
VEON
VEON LTD
$1.35B$1.72B$563.00M$436.00M$6.25-15.66%-28.61%4.17%N/A
FNGR
FINGERMOTION INC
$260.46M$41.37M-$6.62M-$7.36M-$0.1689.88%131.42%N/AN/A2023-10-16
SKM
SK TELECOM CO LTD
$8.34B$13.10BN/A$799.71M$2.01-0.06%-3.20%-15.17%-43.34%2023-11-09
LBRDA
LIBERTY BROADBAND CORP
$13.53B$989.00M$1.45B$814.00M$5.541.33%113.99%-31.77%-13.24%2023-11-02
KORE
KORE GROUP HOLDINGS INC
$50.29M$264.66M-$61.45M-$122.14M-$1.59-2.80%N/AN/AN/A2023-11-13
TDS
TELEPHONE & DATA SYSTEMS INC
$2.05B$5.32B$1.14B-$95.00M-$0.85-0.84%1.09%N/AN/A2023-11-01
PHI
PLDT INC
$4.27B$3.78B$2.07B$193.09M$0.89-2.57%3.01%-63.66%-6.81%2023-11-09
COMS
COMSOVEREIGN HOLDING CORP
$3.35M$11.94M-$144.97M-$155.81M-$210.2123.50%68.87%N/AN/A
RADI
RADIUS GLOBAL INFRASTRUCTURE INC
$1.65B$155.98M-$8.58M-$166.24M-$1.7530.38%N/AN/AN/A2023-11-06
TEO
TELECOM ARGENTINA SA
$2.33B$3.57B-$72.84M-$1.02B-$2.36-48.78%-5.70%N/AN/A2023-11-09
T
AT&T INC
$111.17B$121.44B$19.49B-$8.98B-$1.17-0.27%-5.17%N/AN/A2023-10-18
GSAT
GLOBALSTAR INC
$2.34B$192.65M-$109.48M-$219.76M-$0.1140.97%9.50%N/AN/A2023-11-01
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
$2.78B$5.53B$2.12B-$73.00M$0.048.11%N/A-99.37%N/A2023-10-26
IRDM
IRIDIUM COMMUNICATIONS INC
$6.09B$776.28M$381.81M-$19.63M-$0.1417.41%9.81%N/AN/A2023-10-18
CRGE
CHARGE ENTERPRISES INC
$114.59M$694.95M$7.51M-$17.08M-$0.0919.75%N/AN/AN/A2023-11-15
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
$1.03B$279.96M$73.09M-$695.00k-$0.019.67%-14.58%N/AN/A2023-10-31
USM
UNITED STATES CELLULAR CORP
$3.52B$4.08B$872.00M-$22.00M-$0.28-1.14%0.85%N/AN/A2023-11-01
IHS
IHS HOLDING LTD
$1.60B$2.20BN/A-$1.55B-$4.6626.95%N/AN/AN/A2023-11-14
LBTYA
LIBERTY GLOBAL PLC
$7.82B$7.30B-$303.30M-$3.57B-$7.15-1.68%-9.32%N/AN/A2023-10-30
VIV
TELEFONICA BRASIL SA
$15.30B$9.20B$4.12B$782.57MN/A14.88%-6.99%N/AN/A2023-11-01
WOW
WIDEOPENWEST INC
$643.60M$699.00M$13.20M-$151.90M-$1.85-1.96%-9.75%N/AN/A2023-11-01
TIMB
TIM SA
$7.64B$4.32B$2.27B$335.49M$0.7025.54%-3.66%-39.54%-2.98%2023-11-06
LUMN
LUMEN TECHNOLOGIES INC
$1.64B$15.59B-$5.96B-$10.72B-$10.83-18.05%-5.97%N/AN/A2023-10-31
FYBR
FRONTIER COMMUNICATIONS PARENT INC
$3.88B$5.77B$2.19B$276.00M$1.12-4.23%N/A-42.86%N/A2023-10-31
ATUS
ALTICE USA INC
$1.54B$9.38B$3.50B-$4.00M-$0.01-6.01%0.01%N/AN/A2023-10-31
MIMO
AIRSPAN NETWORKS HOLDINGS INC
$9.62M$139.65M-$63.92M-$89.12M-$1.20-19.66%N/AN/AN/A2023-11-07

Telecom Stocks FAQ

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

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 54, which is 28 points higher than the telecom industry average of 26. It passed 19 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 81.27% over the past year, overperforming other telecom stocks by 92 percentage points.

Interdigital has an average 1 year price target of $105.00, an upside of 28.21% from Interdigital's current stock price of $81.90.

Interdigital stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Interdigital, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% 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 52, which is 26 points higher than the telecom industry average of 26. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock return 23.9% over the past year, overperforming other telecom stocks by 34 percentage points.

Cogent Communications Holdings has an average 1 year price target of $79.00, an upside of 19.72% from Cogent Communications Holdings's current stock price of $65.99.

Cogent Communications Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Cogent Communications Holdings, 28.57% have issued a Strong Buy rating, 42.86% have issued a Buy, 28.57% have issued a hold, while 0% 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 52, which is 26 points higher than the telecom industry average of 26. It passed 18 out of 38 due diligence checks and has strong fundamentals. Verizon has seen its stock lose -17.22% over the past year, underperforming other telecom stocks by -7 percentage points.

Verizon has an average 1 year price target of $42.73, an upside of 27.16% from Verizon's current stock price of $33.60.

Verizon stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Verizon, 18.18% have issued a Strong Buy rating, 36.36% have issued a Buy, 45.45% 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. Lumen Technologies (NYSE:LUMN)


Lumen Technologies (NYSE:LUMN) has an annual dividend yield of N/A, which is N/A percentage points lower than the telecom industry average of 4.4%. Lumen Technologies's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Lumen Technologies's dividend has not shown consistent growth over the last 10 years.

Lumen Technologies's dividend payout ratio of -2.3% indicates that its dividend yield might not be sustainable for the long-term.

2. America Movil Sab De Cv (NYSE:AMX)


America Movil Sab De Cv (NYSE:AMX) has an annual dividend yield of N/A, which is N/A percentage points lower than the telecom industry average of 4.4%. America Movil Sab De Cv's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. America Movil Sab De Cv's dividend has shown consistent growth over the last 10 years.

America Movil Sab De Cv's dividend payout ratio of 4,011.3% indicates that its dividend yield might not be sustainable for the long-term.

3. Pldt (NYSE:PHI)


Pldt (NYSE:PHI) has an annual dividend yield of 9.92%, which is 6 percentage points higher than the telecom industry average of 4.4%. 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.

Why are telecom stocks up?

Telecom stocks were up 0.24% in the last day, and up 1.44% over the last week.

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

What are the most undervalued telecom stocks?

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

1. Dish Network (NASDAQ:DISH)


Dish Network (NASDAQ:DISH) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Dish Network has a valuation score of 71, which is 42 points higher than the telecom industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Dish Network's stock has dropped -60.33% in the past year. It has underperformed other stocks in the telecom industry by -50 percentage points.

2. Liberty Latin America (NASDAQ:LILA)


Liberty Latin America (NASDAQ:LILA) is the second most undervalued telecom stock based on WallStreetZen's Valuation Score. Liberty Latin America has a valuation score of 71, which is 42 points higher than the telecom industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Liberty Latin America's stock has gained 25.61% in the past year. It has overperformed other stocks in the telecom industry by 36 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 42 points higher than the telecom industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Kt's stock has dropped -4.15% in the past year. It has overperformed other stocks in the telecom industry by 6 percentage points.

Are telecom stocks a good buy now?

41.03% of telecom stocks rated by analysts are a buy right now. On average, analysts expect telecom stocks to rise by 29.39% 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 103.29x.
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.