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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
IDCC
INTERDIGITAL INC
United States
$2.46B25,487,35492.25%7.75%Net SellingNet Selling
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
United States
$2.99B47,425,36717.36%82.64%Net SellingNet Selling
CABO
CABLE ONE INC
United States
$2.17B5,619,10984.61%15.39%Net SellingNet Buying
CMCSA
COMCAST CORP
United States
$156.37B3,971,857,33984.23%1.41%Net SellingNet Selling
TV
GRUPO TELEVISA SAB
Mexico
$2.14B330,739,720,7790.07%0.00%
VOD
VODAFONE GROUP PUBLIC LTD CO
United Kingdom
$23.92B28,818,256,0580.74%0.00%
UCL
UCLOUDLINK GROUP INC
China
$58.08M374,485,7000.30%0.01%
GOGO
GOGO INC
United States
$1.06B128,069,10832.28%67.72%Net BuyingNet Buying
ORAN
ORANGE
France
$29.31B2,657,627,4560.99%0.00%
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
United States
$750.56M50,272,19262.09%10.34%Net SellingNet Selling
ATEX
ANTERIX INC
United States
$595.04M18,519,88435.30%64.70%Net BuyingNet Selling
LBRDA
LIBERTY BROADBAND CORP
United States
$6.95B142,926,48490.45%6.91%Net SellingNet Selling
TU
TELUS CORP
Canada
$23.26B1,467,785,97749.68%0.00%
CHTR
CHARTER COMMUNICATIONS INC
United States
$37.83B145,225,45957.71%42.29%Net SellingNet Selling
RDCM
RADCOM LTD
Israel
$144.66M15,307,73241.09%0.00%
VZ
VERIZON COMMUNICATIONS INC
United States
$166.99B4,204,272,44361.97%0.23%Net SellingNet Selling
CHT
CHUNGHWA TELECOM CO LTD
Taiwan
$29.87B7,757,446,5450.21%0.00%
TMUS
T-MOBILE US INC
United States
$189.96B1,186,867,57516.42%83.58%Net SellingNet Selling
RCI
ROGERS COMMUNICATIONS INC
Canada
$20.17B530,020,90245.40%0.00%
BCE
BCE INC
Canada
$29.29B912,274,54541.44%0.00%
IDT
IDT CORP
United States
$937.82M25,387,57720.65%79.35%Net SellingNet Selling
IRDM
IRIDIUM COMMUNICATIONS INC
United States
$3.02B122,446,38678.97%21.03%Net SellingNet Selling
TKC
TURKCELL ILETISIM HIZMETLERI A S
Turkey
$4.84B2,200,000,0001.31%0.00%
T
AT&T INC
United States
$116.66B7,152,792,25356.98%0.30%Net SellingNet Selling
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
Indonesia
$20.56B99,062,216,5990.04%0.00%
USM
UNITED STATES CELLULAR CORP
United States
$3.00B85,000,00017.98%0.80%Net SellingNet Selling
ATUS
ALTICE USA INC
United States
$994.34M456,117,35126.77%73.23%Net BuyingNet Buying
KT
KT CORP
Republic Of Korea
$6.36B256,042,67839.23%0.00%
PHI
PLDT INC
Philippines
$5.14B216,055,7752.26%0.00%
VIV
TELEFONICA BRASIL SA
Brazil
$15.80B1,652,588,3605.19%0.00%
CXDO
CREXENDO INC
United States
$120.91M26,284,2029.53%56.53%Net BuyingNet Buying
FYBR
FRONTIER COMMUNICATIONS PARENT INC
United States
$5.87B245,819,00083.69%16.31%Net BuyingNet Selling
SIFY
SIFY TECHNOLOGIES LTD
India
$226.80M182,901,5270.61%0.00%
TDS
TELEPHONE & DATA SYSTEMS INC
United States
$1.66B106,000,00084.36%15.64%Net SellingNet Selling
OOMA
OOMA INC
United States
$195.36M26,400,00072.83%23.51%Net SellingNet Selling
FNGR
FINGERMOTION INC
United States
$161.84M52,545,3503.89%30.25%Net Buying
AMX
AMERICA MOVIL SAB DE CV
Mexico
$59.66B550,837,00035.69%0.00%
KORE
KORE GROUP HOLDINGS INC
United States
$62.87M86,710,58223.22%50.87%Net SellingNet Selling
SKM
SK TELECOM CO LTD
Republic Of Korea
$7.88B218,833,1449.65%0.00%
RBBN
RIBBON COMMUNICATIONS INC
United States
$474.27M172,461,72526.55%73.45%Net SellingNet Selling
ATNI
ATN INTERNATIONAL INC
United States
$423.10M15,481,20755.18%44.82%Net BuyingNet Selling
TEF
TELEFONICA S A
Spain
$23.98B5,750,458,1451.14%0.00%
LILA
LIBERTY LATIN AMERICA LTD
United States
$1.48B204,200,00071.07%21.20%Net BuyingNet Buying
GSAT
GLOBALSTAR INC
United States
$2.53B1,900,000,00012.95%87.05%Net SellingNet Buying
TIMB
TIM SA
Brazil
$8.17B2,420,804,3980.67%0.00%
VEON
VEON LTD
Netherlands
$1.66B1,753,409,2190.85%0.00%
TEO
TELECOM ARGENTINA SA
Argentina
$3.25B2,153,688,0110.42%0.00%
LBTYA
LIBERTY GLOBAL LTD
United Kingdom
$6.29B377,546,62782.91%13.83%Net SellingNet Selling
WOW
WIDEOPENWEST INC
United States
$304.42M83,631,41847.78%52.22%Net SellingNet Selling
LUMN
LUMEN TECHNOLOGIES INC
United States
$1.39B1,009,755,82166.80%14.02%Net BuyingNet Selling
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
United States
$497.65M116,003,31164.92%35.08%Net SellingNet Selling
IHS
IHS HOLDING LTD
United Kingdom
$1.11B331,920,00214.21%0.00%
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
Luxembourg
$3.46B172,096,3054.61%0.00%

Telecom Stocks FAQ

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

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 65, which is 34 points higher than the telecom industry average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 31.45% over the past year, overperforming other telecom stocks by 53 percentage points.

Interdigital has an average 1 year price target of $100.00, an upside of 3.57% from Interdigital's current stock price of $96.55.

Interdigital stock has a consensus Sell recommendation according to Wall Street analysts. Of the 1 analyst covering Interdigital, 0% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 100% 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 64, which is 33 points higher than the telecom industry average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock lose -8.19% over the past year, overperforming other telecom stocks by 13 percentage points.

Cogent Communications Holdings has an average 1 year price target of $82.00, an upside of 30.16% from Cogent Communications Holdings's current stock price of $63.00.

Cogent Communications Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Cogent Communications Holdings, 33.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Cable One (NYSE:CABO)


Cable One (NYSE:CABO) is the third best telecom stock with a Zen Score of 53, which is 22 points higher than the telecom industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cable One has seen its stock lose -43.08% over the past year, underperforming other telecom stocks by -22 percentage points.

Cable One has an average 1 year price target of $632.00, an upside of 63.41% from Cable One's current stock price of $386.76.

Cable One stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Cable One, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 33.33% 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. Crexendo (NASDAQ:CXDO)


Crexendo (NASDAQ:CXDO) has an annual dividend yield of N/A, which is N/A percentage points lower than the telecom industry average of 4.54%. Crexendo's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Crexendo's dividend has not shown consistent growth over the last 10 years.

Crexendo's dividend payout ratio of -50% indicates that its 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 11.68%, which is 7 percentage points higher than the telecom industry average of 4.54%. Vodafone Group Public Co's dividend payout is not stable, having dropped more than 10% seven 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 23.2% indicates that its high dividend yield is sustainable for the long-term.

3. Bce (NYSE:BCE)


Bce (NYSE:BCE) has an annual dividend yield of 9.8%, which is 5 percentage points higher than the telecom industry average of 4.54%. 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 170.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are telecom stocks down?

Telecom stocks were down -1.52% in the last day, and down -2.08% 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. Liberty Broadband (NASDAQ:LBRDA)


Liberty Broadband (NASDAQ:LBRDA) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Liberty Broadband has a valuation score of 86, which is 51 points higher than the telecom industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Liberty Broadband's stock has dropped -38.41% in the past year. It has underperformed other stocks in the telecom industry by -17 percentage points.

2. Interdigital (NASDAQ:IDCC)


Interdigital (NASDAQ:IDCC) is the second most undervalued telecom stock based on WallStreetZen's Valuation Score. Interdigital has a valuation score of 86, which is 51 points higher than the telecom industry average of 35. It passed 6 out of 7 valuation due diligence checks.

Interdigital's stock has gained 31.45% in the past year. It has overperformed other stocks in the telecom industry by 53 percentage points.

3. Charter Communications (NASDAQ:CHTR)


Charter Communications (NASDAQ:CHTR) is the third most undervalued telecom stock based on WallStreetZen's Valuation Score. Charter Communications has a valuation score of 71, which is 36 points higher than the telecom industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Charter Communications's stock has dropped -24.11% in the past year. It has underperformed other stocks in the telecom industry by -3 percentage points.

Are telecom stocks a good buy now?

38.24% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 42.05% 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 109.29x.
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.