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 Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
ZM	ZOOM VIDEO COMMUNICATIONS INC	United States	$20.29B	293,836,386	54.94%	3.15%	Net Selling	Net Selling
VZ	VERIZON COMMUNICATIONS INC	United States	$158.17B	4,199,882,937	62.27%	0.22%	Net Selling	Net Selling
IDCC	INTERDIGITAL INC	United States	$2.15B	29,668,044	86.02%	6.88%	Net Selling	Net Selling
CABO	CABLE ONE INC	United States	$3.84B	5,728,948	84.84%	15.16%	Net Buying	Net Selling
VOD	VODAFONE GROUP PUBLIC LTD CO	United Kingdom	$31.27B	28,817,627,868	0.81%	0.00%
TLK	PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK	Indonesia	$26.79B	99,062,216,599	0.04%	0.00%
SPOK	SPOK HOLDINGS INC	United States	$201.97M	19,997,142	26.96%	73.04%	Net Buying	Net Buying
SIFY	SIFY TECHNOLOGIES LTD	India	$224.77M	182,742,369	1.05%	0.00%
KT	KT CORP	Republic Of Korea	$5.53B	235,808,146	40.40%	0.00%
RCI	ROGERS COMMUNICATIONS INC	Canada	$23.07B	504,925,317	45.14%	0.00%
TIMB	TIM SA	Brazil	$5.84B	2,420,804,398	0.65%	0.00%
IDT	IDT CORP	United States	$831.92M	25,526,859	21.60%	78.40%	Net Buying	Net Buying
CNSL	CONSOLIDATED COMMUNICATIONS HOLDINGS INC	United States	$246.56M	114,680,271	63.93%	36.07%	Net Selling	Net Selling
BCE	BCE INC	Canada	$40.35B	911,982,866	42.68%	0.00%
TU	TELUS CORP	Canada	$28.45B	1,430,590,439	50.18%	0.00%
CCOI	COGENT COMMUNICATIONS HOLDINGS INC	United States	$2.88B	48,299,092	16.46%	83.54%	Net Selling	Net Selling
CXDO	CREXENDO INC	United States	$41.89M	25,697,115	8.80%	57.11%	Net Buying	Net Selling
TDS	TELEPHONE & DATA SYSTEMS INC	United States	$1.09B	112,461,600	86.39%	13.61%	Net Selling	Net Selling
AMOV	AMERICA MOVIL SAB DE CV	Mexico	$70.59B	567,000,000	31.57%	0.00%
ATUS	ALTICE USA INC	United States	$1.41B	456,069,373	28.16%	71.84%	Net Selling	Net Selling
GOGO	GOGO INC	United States	$1.79B	127,910,134	31.01%	68.99%	Net Buying	Net Selling
TEF	TELEFONICA S A	Spain	$23.39B	5,775,237,554	1.22%	0.00%
UCL	UCLOUDLINK GROUP INC	China	$148.17M	366,759,100	0.36%	0.01%
USM	UNITED STATES CELLULAR CORP	United States	$1.67B	84,685,600	16.45%	0.53%	Net Selling	Net Buying
ATEX	ANTERIX INC	United States	$530.97M	18,868,860	49.30%	50.70%	Net Selling	Net Selling
TKC	TURKCELL ILETISIM HIZMETLERI A S	Turkey	$3.76B	2,200,000,000	1.44%	0.00%
TMUS	T-MOBILE US INC	United States	$173.81B	1,219,383,110	16.57%	83.43%	Net Selling	Net Selling
ASTS	AST SPACEMOBILE INC	United States	$1.10B	185,191,978	13.01%	62.60%	Net Buying	Net Selling
ATNI	ATN INTERNATIONAL INC	United States	$608.80M	15,715,061	56.06%	43.94%	Net Selling	Net Selling
QTEK	QUALTEK SERVICES INC	United States	$19.06M	51,109,859	9.93%	36.33%	Net Buying
LILA	LIBERTY LATIN AMERICA LTD	United States	$1.69B	215,600,000	70.63%	19.15%	Net Selling	Net Selling
IRDM	IRIDIUM COMMUNICATIONS INC	United States	$7.54B	125,966,723	79.50%	20.50%	Net Selling	Net Selling
KLR	KALEYRA INC	Italy	$26.46M	13,100,490	18.24%	81.76%	Net Selling	Net Selling
CHT	CHUNGHWA TELECOM CO LTD	Taiwan	$30.63B	7,757,446,545	0.22%	0.00%
RDCM	RADCOM LTD	Israel	$139.96M	14,563,841	26.70%	0.00%
OOMA	OOMA INC	United States	$308.02M	24,800,000	75.05%	24.95%	Net Selling	Net Selling
SJR	SHAW COMMUNICATIONS INC	Canada	$14.16B	499,547,162	51.88%	0.00%
RBBN	RIBBON COMMUNICATIONS INC	United States	$628.78M	168,123,073	24.38%	75.62%	Net Buying	Net Selling
SBET	SHARPLINK GAMING LTD	United States	$8.34M	22,360,987	4.81%	13.57%
ORAN	ORANGE	France	$30.76B	2,658,791,500	0.90%	0.00%
RADI	RADIUS GLOBAL INFRASTRUCTURE INC	United States	$1.57B	108,084,257	65.59%	34.41%
TIGO	MILLICOM INTERNATIONAL CELLULAR SA	Luxembourg	$3.00B	172,096,305	4.34%	0.00%
COMS	COMSOVEREIGN HOLDING CORP	United States	$4.96M	2,683,571	33.47%	66.53%
FYBR	FRONTIER COMMUNICATIONS PARENT INC	United States	$5.78B	245,040,000	87.14%	12.86%	Net Buying	Net Buying
VEON	VEON LTD	Netherlands	$1.22B	69,965,096	100.00%	0.00%
PHI	PLDT INC	Philippines	$5.24B	216,055,775	2.64%	0.00%
SHEN	SHENANDOAH TELECOMMUNICATIONS CO	United States	$920.25M	50,204,452	58.32%	10.31%	Net Selling	Net Selling
FNGR	FINGERMOTION INC	United States	$67.62M	46,316,635	1.68%	28.51%	Net Buying
VIV	TELEFONICA BRASIL SA	Brazil	$12.28B	1,663,556,731	6.46%	0.00%
VATE	INNOVATE CORP	United States	$236.36M	78,787,768	23.58%	76.42%	Net Buying	Net Selling
T	AT&T INC	United States	$132.69B	7,129,870,323	54.31%	0.28%	Net Selling	Net Selling
ANTE	AIRNET TECHNOLOGY INC	China	$6.67M	4,474,836	2.05%	0.00%
LUMN	LUMEN TECHNOLOGIES INC	United States	$2.41B	1,001,303,567	81.04%	13.30%	Net Selling	Net Selling
GSAT	GLOBALSTAR INC	United States	$1.83B	1,811,000,000	12.62%	87.38%	Net Selling	Net Selling
TEO	TELECOM ARGENTINA SA	Argentina	$1.18B	1,312,021,353	0.61%	0.00%
SKM	SK TELECOM CO LTD	Republic Of Korea	$41.50B	218,833,144	10.16%	0.00%
IHS	IHS HOLDING LTD	United Kingdom	$2.36B	331,688,000	12.08%	0.00%
MIMO	AIRSPAN NETWORKS HOLDINGS INC	United States	$60.41M	74,582,992	59.45%	40.55%	Net Selling	Net Selling

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% eight 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.