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 Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
ZM	ZOOM VIDEO COMMUNICATIONS INC	$20.29B	N/A	0.00%	N/A	N/A	N/A	N/A
VZ	VERIZON COMMUNICATIONS INC	$158.17B	6.86%	51.10%	$0.6525	$2.59	85%	0	2023-04-06	2023-05-01
IDCC	INTERDIGITAL INC	$2.15B	1.93%	45.00%	$0.3500	$1.40	33%	0
CABO	CABLE ONE INC	$3.84B	1.68%	28.40%	$2.8500	$11.30	28%	0
VOD	VODAFONE GROUP PUBLIC LTD CO	$31.27B	8.65%	196.40%	$0.4658	$0.94	89%	9
TLK	PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK	$26.79B	3.84%	67.40%	$1.0389	$1.04	63%	3
SPOK	SPOK HOLDINGS INC	$201.97M	12.38%	112.60%	$0.3125	$1.25	95%	2		2023-03-30
SIFY	SIFY TECHNOLOGIES LTD	$224.77M	N/A	0.00%	$0.0171	N/A	N/A	0
KT	KT CORP	$5.53B	N/A	0.00%	$0.4673	N/A	N/A	0
RCI	ROGERS COMMUNICATIONS INC	$23.07B	3.30%	61.10%	$0.3633	$1.51	55%	1		2023-04-03
TIMB	TIM SA	$5.84B	1.21%	28.00%	$0.0822	$0.15	19%	7
IDT	IDT CORP	$831.92M	N/A	0.00%	$0.0900	N/A	N/A	3
CNSL	CONSOLIDATED COMMUNICATIONS HOLDINGS INC	$246.56M	N/A	0.00%	$0.3874	N/A	N/A	0
BCE	BCE INC	$40.35B	6.34%	127.90%	$0.7046	$2.81	83%	1		2023-04-15
TU	TELUS CORP	$28.45B	5.22%	119.00%	$0.2551	$1.04	77%	1		2023-04-03
CCOI	COGENT COMMUNICATIONS HOLDINGS INC	$2.88B	6.07%	3,231.80%	$0.9250	$3.63	81%	2
CXDO	CREXENDO INC	$41.89M	0.92%	-1.00%	$0.0050	$0.02	13%	0	2023-03-30	2023-04-11
TDS	TELEPHONE & DATA SYSTEMS INC	$1.09B	7.47%	-1,028.60%	$0.1850	$0.73	86%	0		2023-03-31
AMOV	AMERICA MOVIL SAB DE CV	$70.59B	2.13%	1,663.00%	$0.4415	$0.44	37%	1
ATUS	ALTICE USA INC	$1.41B	N/A	0.00%	N/A	N/A	N/A	N/A
GOGO	GOGO INC	$1.79B	N/A	0.00%	N/A	N/A	N/A	N/A
TEF	TELEFONICA S A	$23.39B	6.38%	77.40%	$0.1553	$0.26	83%	8
UCL	UCLOUDLINK GROUP INC	$148.17M	N/A	0.00%	N/A	N/A	N/A	N/A
USM	UNITED STATES CELLULAR CORP	$1.67B	N/A	0.00%	$5.7500	N/A	N/A	0
ATEX	ANTERIX INC	$530.97M	N/A	0.00%	N/A	N/A	N/A	N/A
TKC	TURKCELL ILETISIM HIZMETLERI A S	$3.76B	1.93%	87.50%	$0.0826	$0.08	33%	7
TMUS	T-MOBILE US INC	$173.81B	N/A	0.00%	$8.1000	N/A	N/A	0
ASTS	AST SPACEMOBILE INC	$1.10B	N/A	0.00%	N/A	N/A	N/A	N/A
ATNI	ATN INTERNATIONAL INC	$608.80M	1.86%	-107.50%	$0.2100	$0.72	32%	1	2023-03-30	2023-04-07
QTEK	QUALTEK SERVICES INC	$19.06M	N/A	0.00%	N/A	N/A	N/A	N/A
LILA	LIBERTY LATIN AMERICA LTD	$1.69B	N/A	0.00%	N/A	N/A	N/A	N/A
IRDM	IRIDIUM COMMUNICATIONS INC	$7.54B	0.22%	0.00%	$0.1300	$0.13	1%	0
KLR	KALEYRA INC	$26.46M	N/A	0.00%	N/A	N/A	N/A	N/A
CHT	CHUNGHWA TELECOM CO LTD	$30.63B	4.03%	101.90%	$1.5911	$1.59	65%	2
RDCM	RADCOM LTD	$139.96M	N/A	0.00%	N/A	N/A	N/A	N/A
OOMA	OOMA INC	$308.02M	N/A	0.00%	N/A	N/A	N/A	N/A
SJR	SHAW COMMUNICATIONS INC	$14.16B	3.17%	89.30%	$0.0719	$0.90	53%	2		2023-03-30
RBBN	RIBBON COMMUNICATIONS INC	$628.78M	N/A	0.00%	N/A	N/A	N/A	N/A
SBET	SHARPLINK GAMING LTD	$8.34M	N/A	0.00%	N/A	N/A	N/A	N/A
ORAN	ORANGE	$30.76B	6.34%	N/A	$0.3120	$0.73	83%	9
RADI	RADIUS GLOBAL INFRASTRUCTURE INC	$1.57B	N/A	0.00%	N/A	N/A	N/A	N/A
TIGO	MILLICOM INTERNATIONAL CELLULAR SA	$3.00B	N/A	0.00%	$1.3200	N/A	N/A	0
COMS	COMSOVEREIGN HOLDING CORP	$4.96M	N/A	0.00%	N/A	N/A	N/A	N/A
FYBR	FRONTIER COMMUNICATIONS PARENT INC	$5.78B	N/A	0.00%	N/A	N/A	N/A	N/A
VEON	VEON LTD	$1.22B	N/A	0.00%	$0.1500	N/A	N/A	5
PHI	PLDT INC	$5.24B	5.57%	151.80%	$1.3486	$1.35	79%	7	2023-04-06	2023-05-08
SHEN	SHENANDOAH TELECOMMUNICATIONS CO	$920.25M	0.44%	-47.10%	$0.0800	$0.08	4%	1
FNGR	FINGERMOTION INC	$67.62M	N/A	0.00%	N/A	N/A	N/A	N/A
VIV	TELEFONICA BRASIL SA	$12.28B	4.79%	N/A	$0.0296	$0.35	73%	27	2023-04-03
VATE	INNOVATE CORP	$236.36M	N/A	0.00%	$8.5000	N/A	N/A	0
T	AT&T INC	$132.69B	5.96%	-98.20%	$0.2775	$1.11	81%	1
ANTE	AIRNET TECHNOLOGY INC	$6.67M	N/A	0.00%	N/A	N/A	N/A	N/A
LUMN	LUMEN TECHNOLOGIES INC	$2.41B	20.75%	-48.70%	$0.2500	$0.50	99%	1
GSAT	GLOBALSTAR INC	$1.83B	N/A	0.00%	N/A	N/A	N/A	N/A
TEO	TELECOM ARGENTINA SA	$1.18B	N/A	0.00%	$0.4025	N/A	N/A	5
SKM	SK TELECOM CO LTD	$41.50B	N/A	0.00%	$0.2416	N/A	N/A	2
IHS	IHS HOLDING LTD	$2.36B	N/A	0.00%	N/A	N/A	N/A	N/A
MIMO	AIRSPAN NETWORKS HOLDINGS INC	$60.41M	N/A	0.00%	N/A	N/A	N/A	N/A

Telecom Stocks FAQ

What are the best telecom stocks to buy right now in Mar 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 60, which is 32 points higher than the telecom industry average of 28. It passed 20 out of 33 due diligence checks and has strong fundamentals. Zoom has seen its stock lose -41.37% over the past year, underperforming other telecom stocks by -3 percentage points.

Zoom has an average 1 year price target of $94.55, an upside of 36.95% from Zoom's current stock price of $69.04.

Zoom stock has a consensus Hold recommendation according to Wall Street analysts. Of the 23 analysts covering Zoom, 17.39% have issued a Strong Buy rating, 8.7% have issued a Buy, 65.22% have issued a hold, while 4.35% have issued a Sell rating, and 4.35% have issued a Strong Sell.

2. Verizon (NYSE:VZ)

Verizon (NYSE:VZ) 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. Verizon has seen its stock lose -26.16% over the past year, overperforming other telecom stocks by 12 percentage points.

Verizon has an average 1 year price target of $44.13, an upside of 17.19% from Verizon's current stock price of $37.66.

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.

3. Interdigital (NASDAQ:IDCC)

Interdigital (NASDAQ:IDCC) is the third 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 11.7% over the past year, overperforming other telecom stocks by 50 percentage points.

Interdigital has an average 1 year price target of $70.00, a downside of -3.41% from Interdigital's current stock price of $72.47.

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.

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. Spok Holdings (NASDAQ:SPOK)

Spok Holdings (NASDAQ:SPOK) has an annual dividend yield of 12.38%, which is 7 percentage points higher than the telecom industry average of 4.98%. 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 112.6% 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 8.65%, which is 4 percentage points higher than the telecom industry average of 4.98%. 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. Telephone & Data Systems (NYSE:TDS)

Telephone & Data Systems (NYSE:TDS) has an annual dividend yield of 7.47%, which is 2 percentage points higher than the telecom industry average of 4.98%. Telephone & Data Systems's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Telephone & Data Systems's dividend has shown consistent growth over the last 10 years.

Telephone & Data Systems's dividend payout ratio of -1,028.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are telecom stocks up?

Telecom stocks were up 1.06% in the last day, and up 1% 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. Sify Technologies (NASDAQ:SIFY)

Sify Technologies (NASDAQ:SIFY) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Sify Technologies has a valuation score of 100, which is 70 points higher than the telecom industry average of 30. It passed 7 out of 7 valuation due diligence checks.

Sify Technologies's stock has dropped -59% in the past year. It has underperformed other stocks in the telecom industry by -21 percentage points.

2. Kt (NYSE:KT)

Kt (NYSE:KT) is the second most undervalued telecom stock based on WallStreetZen's Valuation Score. Kt has a valuation score of 71, which is 41 points higher than the telecom industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Kt's stock has dropped -16.87% in the past year. It has overperformed other stocks in the telecom industry by 21 percentage points.

3. Consolidated Communications Holdings (NASDAQ:CNSL)

Consolidated Communications Holdings (NASDAQ:CNSL) is the third most undervalued telecom stock based on WallStreetZen's Valuation Score. Consolidated Communications Holdings has a valuation score of 71, which is 41 points higher than the telecom industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Consolidated Communications Holdings's stock has dropped -62.61% in the past year. It has underperformed other stocks in the telecom industry by -24 percentage points.

Are telecom stocks a good buy now?

36.54% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 38.46% 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 98.1x.

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.