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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$20.29B293,836,38654.94%3.15%Net SellingNet Selling
VZ
VERIZON COMMUNICATIONS INC
United States
$158.17B4,199,882,93762.27%0.22%Net SellingNet Selling
IDCC
INTERDIGITAL INC
United States
$2.15B29,668,04486.02%6.88%Net SellingNet Selling
CABO
CABLE ONE INC
United States
$3.84B5,728,94884.84%15.16%Net BuyingNet Selling
VOD
VODAFONE GROUP PUBLIC LTD CO
United Kingdom
$31.27B28,817,627,8680.81%0.00%
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
Indonesia
$26.79B99,062,216,5990.04%0.00%
SPOK
SPOK HOLDINGS INC
United States
$201.97M19,997,14226.96%73.04%Net BuyingNet Buying
SIFY
SIFY TECHNOLOGIES LTD
India
$224.77M182,742,3691.05%0.00%
KT
KT CORP
Republic Of Korea
$5.53B235,808,14640.40%0.00%
RCI
ROGERS COMMUNICATIONS INC
Canada
$23.07B504,925,31745.14%0.00%
TIMB
TIM SA
Brazil
$5.84B2,420,804,3980.65%0.00%
IDT
IDT CORP
United States
$831.92M25,526,85921.60%78.40%Net BuyingNet Buying
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
United States
$246.56M114,680,27163.93%36.07%Net SellingNet Selling
BCE
BCE INC
Canada
$40.35B911,982,86642.68%0.00%
TU
TELUS CORP
Canada
$28.45B1,430,590,43950.18%0.00%
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
United States
$2.88B48,299,09216.46%83.54%Net SellingNet Selling
CXDO
CREXENDO INC
United States
$41.89M25,697,1158.80%57.11%Net BuyingNet Selling
TDS
TELEPHONE & DATA SYSTEMS INC
United States
$1.09B112,461,60086.39%13.61%Net SellingNet Selling
AMOV
AMERICA MOVIL SAB DE CV
Mexico
$70.59B567,000,00031.57%0.00%
ATUS
ALTICE USA INC
United States
$1.41B456,069,37328.16%71.84%Net SellingNet Selling
GOGO
GOGO INC
United States
$1.79B127,910,13431.01%68.99%Net BuyingNet Selling
TEF
TELEFONICA S A
Spain
$23.39B5,775,237,5541.22%0.00%
UCL
UCLOUDLINK GROUP INC
China
$148.17M366,759,1000.36%0.01%
USM
UNITED STATES CELLULAR CORP
United States
$1.67B84,685,60016.45%0.53%Net SellingNet Buying
ATEX
ANTERIX INC
United States
$530.97M18,868,86049.30%50.70%Net SellingNet Selling
TKC
TURKCELL ILETISIM HIZMETLERI A S
Turkey
$3.76B2,200,000,0001.44%0.00%
TMUS
T-MOBILE US INC
United States
$173.81B1,219,383,11016.57%83.43%Net SellingNet Selling
ASTS
AST SPACEMOBILE INC
United States
$1.10B185,191,97813.01%62.60%Net BuyingNet Selling
ATNI
ATN INTERNATIONAL INC
United States
$608.80M15,715,06156.06%43.94%Net SellingNet Selling
QTEK
QUALTEK SERVICES INC
United States
$19.06M51,109,8599.93%36.33%Net Buying
LILA
LIBERTY LATIN AMERICA LTD
United States
$1.69B215,600,00070.63%19.15%Net SellingNet Selling
IRDM
IRIDIUM COMMUNICATIONS INC
United States
$7.54B125,966,72379.50%20.50%Net SellingNet Selling
KLR
KALEYRA INC
Italy
$26.46M13,100,49018.24%81.76%Net SellingNet Selling
CHT
CHUNGHWA TELECOM CO LTD
Taiwan
$30.63B7,757,446,5450.22%0.00%
RDCM
RADCOM LTD
Israel
$139.96M14,563,84126.70%0.00%
OOMA
OOMA INC
United States
$308.02M24,800,00075.05%24.95%Net SellingNet Selling
SJR
SHAW COMMUNICATIONS INC
Canada
$14.16B499,547,16251.88%0.00%
RBBN
RIBBON COMMUNICATIONS INC
United States
$628.78M168,123,07324.38%75.62%Net BuyingNet Selling
SBET
SHARPLINK GAMING LTD
United States
$8.34M22,360,9874.81%13.57%
ORAN
ORANGE
France
$30.76B2,658,791,5000.90%0.00%
RADI
RADIUS GLOBAL INFRASTRUCTURE INC
United States
$1.57B108,084,25765.59%34.41%
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
Luxembourg
$3.00B172,096,3054.34%0.00%
COMS
COMSOVEREIGN HOLDING CORP
United States
$4.96M2,683,57133.47%66.53%
FYBR
FRONTIER COMMUNICATIONS PARENT INC
United States
$5.78B245,040,00087.14%12.86%Net BuyingNet Buying
VEON
VEON LTD
Netherlands
$1.22B69,965,096100.00%0.00%
PHI
PLDT INC
Philippines
$5.24B216,055,7752.64%0.00%
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
United States
$920.25M50,204,45258.32%10.31%Net SellingNet Selling
FNGR
FINGERMOTION INC
United States
$67.62M46,316,6351.68%28.51%Net Buying
VIV
TELEFONICA BRASIL SA
Brazil
$12.28B1,663,556,7316.46%0.00%
VATE
INNOVATE CORP
United States
$236.36M78,787,76823.58%76.42%Net BuyingNet Selling
T
AT&T INC
United States
$132.69B7,129,870,32354.31%0.28%Net SellingNet Selling
ANTE
AIRNET TECHNOLOGY INC
China
$6.67M4,474,8362.05%0.00%
LUMN
LUMEN TECHNOLOGIES INC
United States
$2.41B1,001,303,56781.04%13.30%Net SellingNet Selling
GSAT
GLOBALSTAR INC
United States
$1.83B1,811,000,00012.62%87.38%Net SellingNet Selling
TEO
TELECOM ARGENTINA SA
Argentina
$1.18B1,312,021,3530.61%0.00%
SKM
SK TELECOM CO LTD
Republic Of Korea
$41.50B218,833,14410.16%0.00%
IHS
IHS HOLDING LTD
United Kingdom
$2.36B331,688,00012.08%0.00%
MIMO
AIRSPAN NETWORKS HOLDINGS INC
United States
$60.41M74,582,99259.45%40.55%Net SellingNet 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.