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Sectors & IndustriesCommunication Services
Best Communication Service Stocks to Buy Now (2024)
Top communication service stocks in 2024 ranked by overall Zen Score. See the best communication service stocks to buy now, according to analyst forecasts for the communication services sector.

Sector: Communication Services
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
NASDAQ
Telecom Services
$2.90B$59.152.19%$1.51B2.33x5.28
OPRA
OPERA LTD
NASDAQ
Internet Content & Information
$1.16B$13.25-2.86%$173.99M7.79x0.11
DRCT
DIRECT DIGITAL HOLDINGS INC
NASDAQ
Advertising Agencies
$54.94M$3.851.32%$11.31M12.03x12.56
IDCC
INTERDIGITAL INC
NASDAQ
Telecom Services
$2.76B$109.400.66%$336.74M14.82x1.90
PERI
PERION NETWORK LTD
NASDAQ
Internet Content & Information
$576.86M$12.02-0.25%$118.09M5.41x0.37
NTES
NETEASE INC
NASDAQ
Electronic Gaming & Multimedia
$67.41B$104.970.73%$5.14B16.59x0.47
EDR
ENDEAVOR GROUP HOLDINGS INC
NYSE
Entertainment
$8.08B$26.710.11%$1.15B38.16x2.17
NFLX
NETFLIX INC
NASDAQ
Entertainment
$267.67B$621.101.73%$22.81B42.19x1.29
MOMO
HELLO GROUP INC
NASDAQ
Internet Content & Information
$1.16B$6.202.14%$377.52M4.33x0.36
IPG
INTERPUBLIC GROUP OF COMPANIES INC
NYSE
Advertising Agencies
$11.99B$31.780.47%$1.90B11.23x3.50
CMCSA
COMCAST CORP
NASDAQ
Telecom Services
$154.08B$39.27-0.25%$38.82B10.39x2.19
NCMI
NATIONAL CINEMEDIA INC
NASDAQ
Advertising Agencies
$477.07M$4.94-1.40%$748.80M0.18x0.34
CABO
CABLE ONE INC
NYSE
Telecom Services
$2.18B$387.44-2.00%$853.74M8.48x2.55
GOOGL
ALPHABET INC
NASDAQ
Internet Content & Information
$2.18T$176.061.08%$108.32B26.80x0.39
BIDU
BAIDU INC
NASDAQ
Internet Content & Information
$38.76B$110.58-1.79%N/A14.63x0.59
YELP
YELP INC
NYSE
Internet Content & Information
$2.51B$37.25-1.92%$190.75M22.44x0.38
SSTK
SHUTTERSTOCK INC
NYSE
Internet Content & Information
$1.50B$41.94-0.19%$183.54M16.13x0.90
DDI
DOUBLEDOWN INTERACTIVE CO LTD
NASDAQ
Electronic Gaming & Multimedia
$592.16M$11.951.32%$142.22M5.51x0.10
PINS
PINTEREST INC
NYSE
Internet Content & Information
$29.23B$42.780.02%$82.70M194.45x0.17
WB
WEIBO CORP
NASDAQ
Internet Content & Information
$2.34B$9.66-3.78%$680.26M6.66x1.11
VOD
VODAFONE GROUP PUBLIC LTD CO
NASDAQ
Telecom Services
$26.49B$9.79-0.10%N/A21.61x1.39
LDWY
LENDWAY INC
NASDAQ
Advertising Agencies
$9.44M$5.422.36%$2.44M3.98x0.07
ATHM
AUTOHOME INC
NYSE
Internet Content & Information
$3.54B$29.28-0.88%N/A13.86x0.22
STCN
STEEL CONNECT INC
NASDAQ
Advertising Agencies
$78.70M$12.52-0.48%$35.67M12.61x1.26
CHTR
CHARTER COMMUNICATIONS INC
NASDAQ
Telecom Services
$39.32B$273.02-1.63%$20.23B8.68x11.15
IAS
INTEGRAL AD SCIENCE HOLDING CORP
NASDAQ
Advertising Agencies
$1.57B$9.80-0.10%$65.26M490.00x0.24
OMC
OMNICOM GROUP INC
NYSE
Advertising Agencies
$18.83B$96.13-0.54%$2.47B12.87x6.48
ORAN
ORANGE
NYSE
Telecom Services
$31.07B$11.69-0.17%$14.52B12.65x2.36
MCS
MARCUS CORP
NYSE
Entertainment
$350.49M$10.90-1.71%$94.41M27.25x1.22
VZ
VERIZON COMMUNICATIONS INC
NYSE
Telecom Services
$168.62B$40.06-0.47%$39.77B14.95x3.02
GDEV
GDEV INC
NASDAQ
Electronic Gaming & Multimedia
$438.76M$2.220.45%$60.32M9.65x-4.21
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
NASDAQ
Telecom Services
$999.30M$18.320.88%$292.04M4.19x0.66
FVRR
FIVERR INTERNATIONAL LTD
NYSE
Internet Content & Information
$971.37M$25.130.12%-$6.71M109.26x1.82
CNM
CORE & MAIN INC
NYSE
Entertainment
$12.11B$60.15-1.04%$734.00M27.98x2.44
SGA
SAGA COMMUNICATIONS INC
NASDAQ
Broadcasting
$125.52M$20.04-0.05%$15.87M17.43x0.33
AMCX
AMC NETWORKS INC
NASDAQ
Entertainment
$687.52M$15.61-2.19%$1.42B4.36x3.34
SIRI
SIRIUS XM HOLDINGS INC
NASDAQ
Entertainment
$11.58B$3.01-1.31%$2.58B8.85x-5.72
LYV
LIVE NATION ENTERTAINMENT INC
NYSE
Entertainment
$22.36B$96.590.22%$1.57B87.02x-170.35
JFIN
JIAYIN GROUP INC
NASDAQ
Internet Content & Information
$362.74M$6.842.09%$216.16M2.04x1.37
PLTK
PLAYTIKA HOLDING CORP
NASDAQ
Electronic Gaming & Multimedia
$3.32B$8.95-0.44%$605.40M16.27x-18.43
GRVY
GRAVITY CO LTD
NASDAQ
Electronic Gaming & Multimedia
$509.15M$73.27-1.16%N/A5.68x0.21
LBRDA
LIBERTY BROADBAND CORP
NASDAQ
Telecom Services
$7.67B$53.68-1.11%$1.54B9.05x0.72
CHR
CHEER HOLDING INC
NASDAQ
Advertising Agencies
$27.39M$2.720.37%$34.31M0.77x0.17
ABLV
ABLE VIEW GLOBAL INC
NASDAQ
Advertising Agencies
$76.11M$1.8110.86%$13.72M7.53x3.81
META
META PLATFORMS INC
NASDAQ
Internet Content & Information
$1.20T$471.91-0.28%$66.33B26.44x0.49
SEAT
VIVID SEATS INC
NASDAQ
Internet Content & Information
$1.07B$5.17-1.71%$68.59M7.28x10.39
NCTY
THE9 LTD
NASDAQ
Electronic Gaming & Multimedia
$29.34M$6.96-0.57%$19.81M8.39x0.88
TZOO
TRAVELZOO
NASDAQ
Advertising Agencies
$108.32M$8.270.61%$19.96M9.19x11.19
SPHR
SPHERE ENTERTAINMENT CO
NYSE
Entertainment
$1.27B$36.04-3.64%$634.90M3.23x0.99
HAO
HAOXI HEALTH TECHNOLOGY LTD
NASDAQ
Advertising Agencies
N/A$7.69-2.41%$1.22M192.25x1.85
UCL
UCLOUDLINK GROUP INC
NASDAQ
Telecom Services
$58.31M$1.566.58%$2.68M15.56x2.27
TRUE
TRUECAR INC
NASDAQ
Internet Content & Information
$275.92M$3.014.88%-$15.27M-7.72x0.24
IRDM
IRIDIUM COMMUNICATIONS INC
NASDAQ
Telecom Services
$3.82B$31.483.42%$399.51M149.90x2.21
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
NYSE
Telecom Services
$18.61B$18.79-4.91%$2.38B12.15x0.96
GOGO
GOGO INC
NASDAQ
Telecom Services
$1.37B$10.770.37%$164.42M8.98x11.96
TU
TELUS CORP
NYSE
Telecom Services
$24.39B$16.620.97%$3.70B43.74x2.52
DOYU
DOUYU INTERNATIONAL HOLDINGS LTD
NASDAQ
Internet Content & Information
$346.32M$10.833.04%$21.80M70.32x0.21
CRTO
CRITEO SA
NASDAQ
Advertising Agencies
$2.07B$36.50-1.22%$109.28M28.29x1.09
EA
ELECTRONIC ARTS INC
NASDAQ
Electronic Gaming & Multimedia
$34.15B$127.75-1.09%$1.94B31.94x0.81
T
AT&T INC
NYSE
Telecom Services
$124.76B$17.400.58%$43.56B9.35x2.69
MGNI
MAGNITE INC
NASDAQ
Advertising Agencies
$1.65B$11.75-2.00%$104.38M-20.61x2.53
TKC
TURKCELL ILETISIM HIZMETLERI A S
NYSE
Telecom Services
$5.88B$6.682.45%$1.89B15.05x1.02
TGNA
TEGNA INC
NYSE
Broadcasting
$2.55B$15.060.13%$1.01B5.21x1.53
GENI
GENIUS SPORTS LTD
NYSE
Internet Content & Information
$1.26B$5.500.92%$3.55M-14.86x0.35
XNET
XUNLEI LTD
NASDAQ
Advertising Agencies
$112.66M$1.753.24%N/A6.81x0.45
NXST
NEXSTAR MEDIA GROUP INC
NASDAQ
Entertainment
$5.57B$169.56-0.57%$1.90B14.19x4.14
BCE
BCE INC
NYSE
Telecom Services
$31.33B$34.340.00%$6.78B24.55x2.60
PGRU
PROPERTYGURU GROUP LTD
NYSE
Internet Content & Information
$693.52M$4.231.68%$9.84M-63.13x0.18
NWSA
NEWS CORP
NASDAQ
Entertainment
$14.98B$26.29-0.04%$1.19B73.03x0.95
STBX
STARBOX GROUP HOLDINGS LTD
NASDAQ
Internet Content & Information
$14.66M$0.202.00%$6.16M5.10x0.13
DASH
DOORDASH INC
NASDAQ
Internet Content & Information
$48.02B$117.431.09%$79.00M-108.73x0.63
IQ
IQIYI INC
NASDAQ
Entertainment
$5.05B$5.26-9.15%N/A18.72x2.63
CXDO
CREXENDO INC
NASDAQ
Telecom Services
$104.65M$3.93-1.26%$5.34M49.13x0.23
WMG
WARNER MUSIC GROUP CORP
NASDAQ
Entertainment
$16.59B$32.040.47%$1.20B32.04x18.81
WPP
WPP PLC
NYSE
Advertising Agencies
$11.50B$53.51-0.72%$831.41M81.08x6.75
YY
JOYY INC
NASDAQ
Internet Content & Information
$2.07B$33.96-0.44%$390.21M6.29x0.62
CMPR
CIMPRESS PLC
NASDAQ
Advertising Agencies
$2.25B$88.32-2.01%$410.31M26.68x-3.79
ZH
ZHIHU INC
NYSE
Internet Content & Information
$432.36M$4.258.42%-$111.61M-3.63x0.46
CDLX
CARDLYTICS INC
NASDAQ
Advertising Agencies
$428.80M$8.79-5.18%-$140.93M-1.91x1.86
CTV
INNOVID CORP
NYSE
Advertising Agencies
$290.27M$2.01-0.50%-$14.25M-9.57x0.23
IDT
IDT CORP
NYSE
Telecom Services
$1.01B$39.69-0.55%$68.31M27.18x1.38
TMUS
T-MOBILE US INC
NASDAQ
Telecom Services
$192.18B$164.000.26%$27.93B22.07x2.32
ATEX
ANTERIX INC
NASDAQ
Telecom Services
$620.79M$33.521.54%$19.17M39.90x0.86
PHI
PLDT INC
NYSE
Telecom Services
$5.54B$25.63-1.39%$1.69B11.74x4.74
TWLO
TWILIO INC
NYSE
Internet Content & Information
$10.63B$62.080.88%-$443.88M-15.52x0.20
ZD
ZIFF DAVIS INC
NASDAQ
Advertising Agencies
$2.63B$56.92-1.06%$351.84M44.47x0.96
TBLA
TABOOLACOM LTD
NASDAQ
Internet Content & Information
$1.45B$4.32-0.46%$46.06M-18.78x0.63
AGAE
ALLIED GAMING & ENTERTAINMENT INC
NASDAQ
Entertainment
$33.98M$0.77-1.28%-$1.11M-7.70x0.23
RCI
ROGERS COMMUNICATIONS INC
NYSE
Telecom Services
$21.18B$39.87-0.05%$5.78B49.10x5.54
MTCH
MATCH GROUP INC
NASDAQ
Internet Content & Information
$8.29B$31.21-0.48%$999.14M13.11x-41.84
BHAT
BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY
NASDAQ
Electronic Gaming & Multimedia
$64.82M$1.112.78%-$18.65M-1.71x0.21
NRDS
NERDWALLET INC
NASDAQ
Internet Content & Information
$1.08B$13.911.24%$60.40M-81.82x0.18
SWAG
STRAN & COMPANY INC
NASDAQ
Advertising Agencies
$21.96M$1.18-4.14%$1.56MN/A0.56
FOXA
FOX CORP
NASDAQ
Entertainment
$15.33B$32.850.52%$2.71B10.27x1.05
VIV
TELEFONICA BRASIL SA
NYSE
Telecom Services
$15.01B$9.080.11%$4.29B14.89x0.74
MYPS
PLAYSTUDIOS INC
NASDAQ
Electronic Gaming & Multimedia
$324.88M$2.411.69%$45.13M-18.54x0.24
TOON
KARTOON STUDIOS INC
NYSEMKT
Entertainment
$41.75M$1.06-0.93%-$53.07M-0.61x1.05
KIND
NEXTDOOR HOLDINGS INC
NYSE
Internet Content & Information
$940.58M$2.410.42%-$135.95M-6.51x0.17
CHT
CHUNGHWA TELECOM CO LTD
NYSE
Telecom Services
$30.38B$39.160.26%$2.61B26.97x0.32
GMGI
GOLDEN MATRIX GROUP INC
NASDAQ
Electronic Gaming & Multimedia
$172.09M$4.700.00%$643.27k-470.00x0.15

Communication Service Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
43-0.75%+1.17%+4.33%+6.53%14.07x3.59x+18.85%+3.46%+12.13%+30.01%Strong Buy
13-1.00%-2.85%-2.64%-27.57%-5.28x0.65x-2.35%-0.53%+4.47%+62.46%Buy
22+0.13%+2.37%+6.80%+1.20%8.15x4.24x-128.74%+4.32%+7.20%+21.31%Buy
45+0.38%+1.13%+3.52%+23.15%54.26x2.77x-20.33%+5.98%+10.92%+18.19%Buy
66+0.36%+2.25%+6.65%+33.79%16.50x6.75x+26.19%+18.82%+26.22%+16.92%Buy
53-0.45%+0.53%+5.87%-15.19%18.11x1.60x+10.25%+3.63%+8.08%+29.71%Buy

Communication Service Stocks FAQ

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

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

1. Cogent Communications Holdings (NASDAQ:CCOI)


Cogent Communications Holdings (NASDAQ:CCOI) is the top communication service stock with a Zen Score of 64, which is 37 points higher than the communication service sector average of 27. It passed 24 out of 38 due diligence checks and has strong fundamentals. Cogent Communications Holdings has seen its stock lose -5.27% over the past year, underperforming other communication service stocks by -14 percentage points.

Cogent Communications Holdings has an average 1 year price target of $80.17, an upside of 35.53% from Cogent Communications Holdings's current stock price of $59.15.

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

2. Opera (NASDAQ:OPRA)


Opera (NASDAQ:OPRA) is the second best communication service stock with a Zen Score of 62, which is 35 points higher than the communication service sector average of 27. It passed 22 out of 38 due diligence checks and has strong fundamentals. Opera has seen its stock lose -1.92% over the past year, underperforming other communication service stocks by -10 percentage points.

Opera has an average 1 year price target of $20.75, an upside of 56.6% from Opera's current stock price of $13.25.

Opera stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Opera, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Direct Digital Holdings (NASDAQ:DRCT)


Direct Digital Holdings (NASDAQ:DRCT) is the third best communication service stock with a Zen Score of 61, which is 34 points higher than the communication service sector average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Direct Digital Holdings has seen its stock return 3.77% over the past year, underperforming other communication service stocks by -5 percentage points.

Direct Digital Holdings has an average 1 year price target of $21.00, an upside of 445.45% from Direct Digital Holdings's current stock price of $3.85.

Direct Digital Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Direct Digital Holdings, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the communication service stocks with highest dividends?

Out of 50 communication service stocks that have issued dividends in the past year, the 3 communication service stocks with the highest dividend yields are:

1. Saga Communications (NASDAQ:SGA)


Saga Communications (NASDAQ:SGA) has an annual dividend yield of 17.96%, which is 14 percentage points higher than the communication service sector average of 4.32%. Saga Communications's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Saga Communications's dividend has shown consistent growth over the last 10 years.

Saga Communications's dividend payout ratio of 313% indicates that its high dividend yield might not be sustainable for the long-term.

2. Weibo (NASDAQ:WB)


Weibo (NASDAQ:WB) has an annual dividend yield of 17.29%, which is 13 percentage points higher than the communication service sector average of 4.32%.

Weibo's dividend payout ratio of 115.2% indicates that its high dividend yield might not be sustainable for the long-term.

3. GPA (NYSE:TLK)


GPA (NYSE:TLK) has an annual dividend yield of 11.93%, which is 8 percentage points higher than the communication service sector average of 4.32%. GPA's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. GPA's dividend has shown consistent growth over the last 10 years.

GPA's dividend payout ratio of 73.1% indicates that its high dividend yield is sustainable for the long-term.

Why are communication service stocks up?

Communication service stocks were up 0.03% in the last day, and up 1.37% over the last week. Reddit was the among the top gainers in the communication services sector, gaining 10.04% yesterday.

Reddit shares are trading higher after the company announced a partnership with OpenAI.

What are the most undervalued communication service stocks?

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

1. Perion Network (NASDAQ:PERI)


Perion Network (NASDAQ:PERI) is the most undervalued communication service stock based on WallStreetZen's Valuation Score. Perion Network has a valuation score of 100, which is 75 points higher than the communication service sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Perion Network's stock has dropped -61.55% in the past year. It has underperformed other stocks in the communication service sector by -70 percentage points.

2. Nexstar Media Group (NASDAQ:NXST)


Nexstar Media Group (NASDAQ:NXST) is the second most undervalued communication service stock based on WallStreetZen's Valuation Score. Nexstar Media Group has a valuation score of 100, which is 75 points higher than the communication service sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Nexstar Media Group's stock has gained 3.85% in the past year. It has underperformed other stocks in the communication service sector by -4 percentage points.

3. Opera (NASDAQ:OPRA)


Opera (NASDAQ:OPRA) is the third most undervalued communication service stock based on WallStreetZen's Valuation Score. Opera has a valuation score of 100, which is 75 points higher than the communication service sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Opera's stock has dropped -1.92% in the past year. It has underperformed other stocks in the communication service sector by -10 percentage points.

Are communication service stocks a good buy now?

43.62% of communication service stocks rated by analysts are a strong buy right now. On average, analysts expect communication service stocks to rise by 22.09% over the next year.

What is the average p/e ratio of the communication services sector?

The average P/E ratio of the communication services sector is 20.98x.
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.