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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
United States
$3.02B49,024,44717.36%82.64%Net SellingNet Selling
IDCC
INTERDIGITAL INC
United States
$2.66B25,235,49692.26%7.74%Net SellingNet Selling
CMCSA
COMCAST CORP
United States
$151.22B3,923,626,04885.26%1.43%Net SellingNet Selling
CABO
CABLE ONE INC
United States
$2.20B5,619,07584.61%15.39%Net SellingNet Buying
VOD
VODAFONE GROUP PUBLIC LTD CO
United Kingdom
$24.78B28,818,256,0580.74%0.00%
CHTR
CHARTER COMMUNICATIONS INC
United States
$38.01B144,029,99557.71%42.29%Net SellingNet Selling
ORAN
ORANGE
France
$30.22B2,657,627,4560.99%0.00%
VZ
VERIZON COMMUNICATIONS INC
United States
$167.49B4,209,254,89461.90%0.23%Net SellingNet Selling
UCL
UCLOUDLINK GROUP INC
China
$51.30M374,485,7000.30%0.01%
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
United States
$932.76M54,547,09357.22%9.59%Net SellingNet Selling
LBRDA
LIBERTY BROADBAND CORP
United States
$7.41B142,847,96990.50%6.92%Net SellingNet Selling
IRDM
IRIDIUM COMMUNICATIONS INC
United States
$3.65B121,428,51978.97%21.03%Net SellingNet Selling
BCE
BCE INC
Canada
$30.83B912,274,54541.44%0.00%
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
Indonesia
$19.10B99,062,216,5990.04%0.00%
GOGO
GOGO INC
United States
$1.30B127,104,71632.28%67.72%Net BuyingNet Buying
TU
TELUS CORP
Canada
$24.09B1,467,785,97749.68%0.00%
T
AT&T INC
United States
$123.18B7,170,165,10456.84%0.30%Net SellingNet Buying
CHT
CHUNGHWA TELECOM CO LTD
Taiwan
$30.12B7,757,446,5450.21%0.00%
PHI
PLDT INC
Philippines
$5.26B216,055,7752.26%0.00%
RDCM
RADCOM LTD
Israel
$138.69M15,307,73241.09%0.00%
CXDO
CREXENDO INC
United States
$108.38M26,628,0229.41%55.80%Net BuyingNet Buying
IDT
IDT CORP
United States
$971.58M25,387,57720.71%79.29%Net SellingNet Selling
TMUS
T-MOBILE US INC
United States
$192.98B1,171,854,25916.44%83.56%Net SellingNet Selling
ATEX
ANTERIX INC
United States
$588.01M18,519,88435.30%64.70%Net BuyingNet Selling
VIV
TELEFONICA BRASIL SA
Brazil
$14.58B1,652,588,3605.19%0.00%
RCI
ROGERS COMMUNICATIONS INC
Canada
$20.89B531,265,00045.29%0.00%
USM
UNITED STATES CELLULAR CORP
United States
$3.91B85,000,00017.98%0.80%Net SellingNet Selling
TKC
TURKCELL ILETISIM HIZMETLERI A S
Turkey
$5.59B2,200,000,0001.31%0.00%
OOMA
OOMA INC
United States
$202.22M26,400,00072.83%23.51%Net SellingNet Selling
FNGR
FINGERMOTION INC
United States
$170.25M52,545,3503.89%30.25%Net Buying
FYBR
FRONTIER COMMUNICATIONS PARENT INC
United States
$6.41B248,552,00083.73%16.27%Net BuyingNet Selling
TIMB
TIM SA
Brazil
$7.94B2,420,804,3980.67%0.00%
VEON
VEON LTD
Netherlands
$1.77B1,753,409,2190.85%0.00%
GSAT
GLOBALSTAR INC
United States
$2.30B1,900,000,00012.95%87.05%Net SellingNet Buying
KORE
KORE GROUP HOLDINGS INC
United States
$66.64M83,196,84224.20%53.02%Net SellingNet Selling
TEF
TELEFONICA S A
Spain
$25.47B5,750,458,1451.14%0.00%
TDS
TELEPHONE & DATA SYSTEMS INC
United States
$2.22B113,000,00079.86%14.80%Net SellingNet Selling
SIFY
SIFY TECHNOLOGIES LTD
India
$218.17M183,332,4600.61%0.00%
SKM
SK TELECOM CO LTD
Republic Of Korea
$8.14B212,699,7309.93%0.00%
RBBN
RIBBON COMMUNICATIONS INC
United States
$557.05M172,461,72526.53%73.47%Net SellingNet Selling
KT
KT CORP
Republic Of Korea
$6.47B246,413,42240.76%0.00%
LILA
LIBERTY LATIN AMERICA LTD
United States
$1.71B197,300,00073.56%21.94%Net BuyingNet Buying
ATNI
ATN INTERNATIONAL INC
United States
$372.79M15,481,20755.15%44.85%Net BuyingNet Selling
AMX
AMERICA MOVIL SAB DE CV
Mexico
$62.98B62,450,000,0000.31%0.00%
LBTYA
LIBERTY GLOBAL LTD
United Kingdom
$6.25B372,721,53683.98%14.07%Net SellingNet Selling
ATUS
ALTICE USA INC
United States
$965.92M459,961,69826.77%73.23%Net BuyingNet Buying
TV
GRUPO TELEVISA SAB
Mexico
$2.14B323,976,506,2950.07%0.00%
WOW
WIDEOPENWEST INC
United States
$394.93M84,566,86647.79%52.21%Net SellingNet Selling
TIGO
MILLICOM INTERNATIONAL CELLULAR SA
Luxembourg
$3.92B172,096,3054.61%0.00%
LUMN
LUMEN TECHNOLOGIES INC
United States
$1.36B1,015,035,77166.45%14.03%Net BuyingNet Buying
CNSL
CONSOLIDATED COMMUNICATIONS HOLDINGS INC
United States
$509.25M118,429,66664.92%35.08%Net Selling
IHS
IHS HOLDING LTD
United Kingdom
$1.31B331,920,00214.21%0.00%
TEO
TELECOM ARGENTINA SA
Argentina
$4.04B2,153,688,0110.42%0.00%
1

Telecom Stocks FAQ

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

According to Zen Score, the 3 best telecommunication stocks to buy right now are:

1. Cogent Communications Holdings (NASDAQ:CCOI)


Cogent Communications Holdings (NASDAQ:CCOI) is the top telecom stock with a Zen Score of 64, which is 35 points higher than the telecom industry average of 29. It passed 24 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock lose -4.67% 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 32.9% from Cogent Communications Holdings's current stock price of $61.70.

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.

2. Interdigital (NASDAQ:IDCC)


Interdigital (NASDAQ:IDCC) is the second best telecom stock with a Zen Score of 61, which is 32 points higher than the telecom industry average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 31.95% over the past year, overperforming other telecom stocks by 49 percentage points.

Interdigital has an average 1 year price target of $100.00, a downside of -5.27% from Interdigital's current stock price of $105.56.

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.

3. Comcast (NASDAQ:CMCSA)


Comcast (NASDAQ:CMCSA) is the third best telecom stock with a Zen Score of 56, which is 27 points higher than the telecom industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. Comcast has seen its stock lose -2.73% over the past year, overperforming other telecom stocks by 14 percentage points.

Comcast has an average 1 year price target of $48.41, an upside of 25.6% from Comcast's current stock price of $38.54.

Comcast stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Comcast, 25% have issued a Strong Buy rating, 25% have issued a Buy, 50% 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 24 telecom stocks that have issued dividends in the past year, the 3 telecom stocks with the highest dividend yields are:

1. Vodafone Group Public Co (NASDAQ:VOD)


Vodafone Group Public Co (NASDAQ:VOD) has an annual dividend yield of 11.28%, which is 7 percentage points higher than the telecom industry average of 4.4%. Vodafone Group Public Co's dividend payout is not stable, having dropped more than 10% six 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.

2. Bce (NYSE:BCE)


Bce (NYSE:BCE) has an annual dividend yield of 9.31%, which is 5 percentage points higher than the telecom industry average of 4.4%. 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 225% indicates that its high dividend yield might not be sustainable for the long-term.

3. Telefonica S A (NYSE:TEF)


Telefonica S A (NYSE:TEF) has an annual dividend yield of 7.31%, which is 3 percentage points higher than the telecom industry average of 4.4%. Telefonica S A's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Telefonica S A's dividend has not shown consistent growth over the last 10 years.

Telefonica S A's dividend payout ratio of -150.7% 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 1.78% over the last week. Telephone & Data Systems was the among the top gainers in the telecom services industry, gaining 28.63% yesterday.

Shares of companies within the wireless telecommunication services sector are trading higher in sympathy with United States Cellular. A report suggested that T-Mobile and Verizon are in talks to buy United States Cellular.

What are the most undervalued telecom stocks?

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

1. Charter Communications (NASDAQ:CHTR)


Charter Communications (NASDAQ:CHTR) is the most undervalued telecom stock based on WallStreetZen's Valuation Score. Charter Communications has a valuation score of 86, which is 58 points higher than the telecom industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Charter Communications's stock has dropped -22.14% in the past year. It has underperformed other stocks in the telecom industry by -5 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 58 points higher than the telecom industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Interdigital's stock has gained 31.95% in the past year. It has overperformed other stocks in the telecom industry by 49 percentage points.

3. Comcast (NASDAQ:CMCSA)


Comcast (NASDAQ:CMCSA) is the third most undervalued telecom stock based on WallStreetZen's Valuation Score. Comcast has a valuation score of 71, which is 43 points higher than the telecom industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Comcast's stock has dropped -2.73% in the past year. It has overperformed other stocks in the telecom industry by 14 percentage points.

Are telecom stocks a good buy now?

41.18% of telecom stocks rated by analysts are a strong buy right now. On average, analysts expect telecom stocks to rise by 30.95% 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 17.17x.
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