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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
IDCC
INTERDIGITAL INC
$2.50B$549.59M$360.24M$214.07M$7.9720.05%12.32%156.27%33.35%2024-06-06
CCOI
COGENT COMMUNICATIONS HOLDINGS INC
$3.08B$940.92M$1.56B$1.27B$26.8856.92%12.58%24,336.36%111.84%2024-05-29
OPRA
OPERA LTD
$1.11B$411.65M$173.99M$152.66M$1.7018.80%19.11%325.00%40.55%
DRCT
DIRECT DIGITAL HOLDINGS INC
$75.35M$146.84M$11.31M$4.62M$0.32105.32%N/AN/AN/A2024-05-09
BIDU
BAIDU INC
$36.58B$18.69B$5.78B$2.82B$7.766.99%5.10%174.52%-7.10%2024-06-25
GRVY
GRAVITY CO LTD
$455.50M$524.75M$132.84M$95.49M$13.7452.37%16.80%54.57%29.25%2024-05-09
GMM
GLOBAL MOFY METAVERSE LTD
$37.11M$26.89M$8.40M$6.55M$0.2656.44%N/AN/AN/A
CMCSA
COMCAST CORP
$149.88B$121.94B$38.82B$15.41B$3.781.52%4.35%188.55%7.20%2024-06-10
PERI
PERION NETWORK LTD
$610.45M$743.16M$130.83M$117.41M$2.4916.07%24.06%12.67%51.69%2024-05-08
NTES
NETEASE INC
$60.38B$14.31B$5.14B$4.07B$6.335.41%14.53%44.39%36.24%2024-06-25
ATHM
AUTOHOME INC
$3.09B$993.66M$326.42M$260.04M$2.121.75%-0.65%4.29%-9.31%2024-06-21
CABO
CABLE ONE INC
$2.23B$1.68B$870.18M$267.44M$47.34-1.64%9.37%19.15%10.31%2024-05-16
MOMO
HELLO GROUP INC
$1.10B$1.66B$377.52M$270.76M$1.43-7.12%-2.69%34.04%-6.12%2024-06-04
IPG
INTERPUBLIC GROUP OF COMPANIES INC
$11.51B$10.86B$1.90B$1.08B$2.83-0.15%1.86%21.98%11.67%2024-05-23
GOOGL
ALPHABET INC
$2.02T$318.15B$108.32B$82.41B$6.5711.78%17.51%45.03%26.69%2024-06-07
NFLX
NETFLIX INC
$237.77B$34.93B$22.81B$6.44B$14.729.47%16.02%56.10%38.48%2024-06-06
YELP
YELP INC
$2.76B$1.34B$175.35M$99.17M$1.4312.03%7.24%180.39%16.72%2024-06-13
NCMI
NATIONAL CINEMEDIA INC
$433.70M$165.20M$758.60M$705.20M$14.73-33.71%-17.84%N/A30.45%2024-05-09
DDI
DOUBLEDOWN INTERACTIVE CO LTD
$519.82M$308.86M$133.63M$100.89M$2.04-3.79%N/AN/AN/A2024-05-08
WB
WEIBO CORP
$2.08B$1.76B$680.26M$342.60M$1.45-4.17%0.48%302.78%-10.75%2024-05-23
PINS
PINTEREST INC
$27.65B$3.19B$82.70M$148.16M$0.2212.80%31.03%N/AN/A2024-05-23
LDWY
LENDWAY INC
$11.05M$0.00$2.44M$2.41M$1.36N/A-100.00%-75.76%10.12%2024-05-07
STCN
STEEL CONNECT INC
$78.44M$171.33M$35.67M$18.83M$0.99-17.13%-26.71%-81.00%N/A2024-06-10
LYV
LIVE NATION ENTERTAINMENT INC
$20.61B$22.75B$1.34B$563.28M$1.3836.38%16.09%109.09%N/A2024-06-13
VOD
VODAFONE GROUP PUBLIC LTD CO
$24.24B$49.14BN/A$11.55B$4.173.36%-1.81%425.91%N/A2024-05-14
SGA
SAGA COMMUNICATIONS INC
$145.75M$112.77M$18.10M$9.50M$1.55-1.85%-2.01%1.97%-7.59%2024-05-09
IAS
INTEGRAL AD SCIENCE HOLDING CORP
$1.55B$474.37M$72.06M$7.24M$0.0516.17%N/A-50.00%N/A2024-05-09
OMC
OMNICOM GROUP INC
$18.34B$14.88B$2.47B$1.48B$7.473.89%-0.33%11.33%4.87%2024-05-07
ORAN
ORANGE
$29.37B$47.96B$14.52B$2.65B$0.926.01%0.61%21.49%5.45%2024-05-22
CHTR
CHARTER COMMUNICATIONS INC
$37.40B$54.63B$20.23B$4.64B$31.470.29%4.34%1.52%40.54%
AMCX
AMC NETWORKS INC
$481.36M$2.71B$1.48B$215.46M$4.92-12.42%-1.81%2,633.33%-8.52%2024-06-12
CRTO
CRITEO SA
$1.94B$1.95B$75.83M$53.26M$0.95-3.35%-3.26%533.33%-6.51%2024-06-25
EDR
ENDEAVOR GROUP HOLDINGS INC
$7.93B$5.96B$1.33B$356.52M$1.1913.14%10.53%147.92%N/A2024-06-13
SSTK
SHUTTERSTOCK INC
$1.51B$874.59M$202.20M$110.27M$3.075.65%7.01%45.50%14.35%2024-06-06
FVRR
FIVERR INTERNATIONAL LTD
$801.98M$361.38M-$9.12M$3.68M$0.107.12%36.77%N/AN/A2024-05-09
GDEV
GDEV INC
$428.88M$464.55M$60.32M$46.12M$0.23-3.16%N/A475.00%N/A
XNET
XUNLEI LTD
$100.29M$363.72M$25.95M$14.23M$0.226.51%9.54%-31.66%N/A2024-05-14
META
META PLATFORMS INC
$1.11T$142.71B$66.33B$45.76B$17.8521.62%19.34%120.64%21.36%2024-05-29
SIRI
SIRIUS XM HOLDINGS INC
$11.73B$8.97B$2.58B$1.29B$0.340.12%7.88%21.43%7.21%2024-05-22
NCTY
THE9 LTD
$30.69M$24.76M$19.81M$2.77M$0.8362.90%58.52%N/AN/A
UCL
UCLOUDLINK GROUP INC
$56.92M$27.01M$4.14M$2.81M$0.107.03%-6.58%N/AN/A2024-05-16
JFIN
JIAYIN GROUP INC
$331.98M$756.14M$216.16M$179.48M$3.3564.28%13.08%8.71%14.06%2024-06-06
MCS
MARCUS CORP
$415.88M$729.58M$101.67M$14.79M$0.487.70%0.63%N/A-24.53%2024-05-23
VZ
VERIZON COMMUNICATIONS INC
$165.00B$134.04B$39.77B$11.31B$2.68-1.58%0.43%-47.96%-7.13%2024-05-09
CHR
CHEER HOLDING INC
$26.48M$152.33M$34.31M$30.48M$3.53-3.03%N/A-10.63%N/A
ABLV
ABLE VIEW GLOBAL INC
$57.28M$149.00M$13.72M$9.44M$0.242.58%N/A20.00%N/A
LGCL
LUCAS GC LTD
$233.18M$203.87M$10.47M$10.74M$0.1489.03%N/A125.81%N/A
TZOO
TRAVELZOO
$112.41M$84.48M$19.36M$12.37M$0.8319.66%-5.37%53.70%16.91%
TME
TENCENT MUSIC ENTERTAINMENT GROUP
$32.21B$3.84B$814.11M$680.50M$0.44-3.73%7.34%35.15%20.71%2024-06-27
TU
TELUS CORP
$23.82B$15.01B$3.83B$627.61M$0.4312.54%7.28%-48.52%-15.18%2024-05-09
HAO
HAOXI HEALTH TECHNOLOGY LTD
N/A$28.23M$1.22M$969.75k$0.0474.72%N/A300.00%N/A
GENI
GENIUS SPORTS LTD
$1.17B$412.98M-$910.00k-$85.53M-$0.3821.10%N/AN/AN/A2024-05-08
SEAT
VIVID SEATS INC
$1.09B$712.88M$63.02M$74.54M$0.8018.76%N/A122.22%N/A2024-06-05
OB
OUTBRAIN INC
$207.50M$935.82M$46.90M$10.24M$0.20-5.67%N/AN/AN/A2024-06-13
IRDM
IRIDIUM COMMUNICATIONS INC
$3.80B$789.30M$399.51M$25.29M$0.214.12%7.99%50.00%N/A2024-05-21
SHEN
SHENANDOAH TELECOMMUNICATIONS CO
$649.52M$287.38M$76.48M$8.04M$0.167.48%8.32%N/A-29.82%2024-05-03
TLK
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
$19.27B$9.36B$2.38B$1.53B$1.552.23%1.53%18.86%5.35%2024-05-03
GOGO
GOGO INC
$1.16B$397.58M$147.36M$145.68M$1.12-1.61%6.50%49.33%N/A2024-06-04
LBRDA
LIBERTY BROADBAND CORP
$7.33B$981.00M$1.32B$688.00M$4.710.62%113.23%-41.20%64.59%2024-06-10
KIND
NEXTDOOR HOLDINGS INC
$834.50M$218.31M-$141.24M-$147.77M-$0.392.61%21.47%N/AN/A2024-06-18
DOYU
DOUYU INTERNATIONAL HOLDINGS LTD
$275.01M$764.92M$21.80M$4.91M$0.15-23.51%8.08%N/AN/A2024-05-16
RDCM
RADCOM LTD
$132.26M$51.60M-$41.00k$3.71M$0.2512.05%8.67%N/AN/A2024-05-15
BCE
BCE INC
$30.34B$18.14B$7.10B$1.53B$1.685.13%1.31%-21.20%-5.68%2024-05-02
DASH
DOORDASH INC
$52.12B$9.11B$79.00M-$420.00M-$1.0827.24%N/AN/AN/A2024-06-20
IBTA
IBOTTA INC
N/A$320.04M$50.72M$38.12M$4.2651.89%N/AN/AN/A
CHT
CHUNGHWA TELECOM CO LTD
$29.48B$7.20B$2.75B$1.19B$1.532.88%0.62%1.37%-0.42%2024-05-30
T
AT&T INC
$121.03B$122.43B$44.11B$14.19B$1.971.40%-6.44%N/A-7.12%2024-05-16
PGRU
PROPERTYGURU GROUP LTD
$629.58M$112.04M$9.84M-$11.39M-$0.0712.13%N/AN/AN/A2024-05-20
MTCH
MATCH GROUP INC
$8.36B$3.36B$998.54M$651.54M$2.365.51%14.23%84.38%-7.47%2024-06-21
EA
ELECTRONIC ARTS INC
$34.27B$7.66B$1.94B$1.08B$4.003.80%7.66%7.53%-2.97%2024-05-07
STBX
STARBOX GROUP HOLDINGS LTD
$13.30M$11.74M$6.16M$2.15M$0.0463.20%N/A-55.56%N/A
SPHR
SPHERE ENTERTAINMENT CO
$1.39B$229.80M$558.50M$373.12M$10.84-27.47%N/AN/AN/A2024-05-08
TWLO
TWILIO INC
$11.10B$4.15B-$712.32M-$1.02B-$5.548.56%44.91%N/AN/A2024-06-06
NWSA
NEWS CORP
$13.62B$9.97B$1.21B$228.00M$0.40-1.97%0.06%-23.08%N/A2024-05-08
WPP
WPP PLC
$10.80B$19.03B$831.41M$141.54M$0.668.09%2.56%-82.60%-31.08%2024-05-08
NXST
NEXSTAR MEDIA GROUP INC
$5.40B$4.93B$1.87B$346.00M$9.78-5.33%12.26%-60.37%2.80%2024-06-14
MGNI
MAGNITE INC
$1.26B$619.71M$113.93M-$159.18M-$1.177.39%37.81%N/AN/A2024-06-12
CTV
INNOVID CORP
$292.16M$139.88M-$19.96M-$31.91M-$0.2310.04%19.95%N/AN/A2024-06-06
PLTK
PLAYTIKA HOLDING CORP
$2.79B$2.57B$659.60M$235.00M$0.64-1.85%11.48%-7.25%-6.38%2024-06-07
IDT
IDT CORP
$927.66M$1.20B$68.31M$36.95M$1.46-7.14%-3.97%-21.08%105.33%2024-06-03
IAC
IAC INC
$4.11B$4.37B$1.11B$265.94M$3.07-16.62%11.50%N/A1.15%2024-06-11
YY
JOYY INC
$1.96B$2.27B$390.21M$347.35M$5.40-5.96%77.81%237.50%6.52%2024-05-28
USM
UNITED STATES CELLULAR CORP
$3.09B$3.91B$959.00M$54.00M$0.64-6.31%-0.31%82.86%-18.22%2024-05-21
ZH
ZHIHU INC
$403.87M$580.76M-$111.61M-$116.69M-$0.2014.51%N/AN/AN/A2024-05-22
ATEX
ANTERIX INC
$592.64M$3.54M$19.17M$15.83M$0.84115.01%-12.69%N/AN/A2024-06-12
AGAE
ALLIED GAMING & ENTERTAINMENT INC
$37.29M$7.66M-$1.11M-$3.60M-$0.1020.50%-17.96%N/AN/A2024-06-28
UBXG
U-BX TECHNOLOGY LTD
N/A$94.32M$247.26k$205.91k$0.018.82%N/AN/AN/A
RBLX
ROBLOX CORP
$23.11B$2.80B-$805.58M-$1.15B-$1.8725.81%53.83%N/AN/A2024-05-30
TMUS
T-MOBILE US INC
$193.91B$78.52B$27.93B$8.75B$7.43-0.71%12.31%140.45%15.09%2024-06-12
PHI
PLDT INC
$5.12B$3.75B$1.69B$472.72M$2.183.78%4.18%156.24%5.95%2024-06-11
NEXN
NEXXEN INTERNATIONAL LTD
$412.26M$331.99M$69.50M-$21.49M-$0.30-0.97%N/AN/AN/A2024-05-14
CURI
CURIOSITYSTREAM INC
$58.10M$56.89M-$24.99M-$48.90M-$0.92-27.11%43.51%N/AN/A2024-06-13
GIGM
GIGAMEDIA LTD
$15.14M$4.29M-$3.34M-$3.40M-$0.31-23.15%-9.58%N/AN/A
SWAG
STRAN & COMPANY INC
$22.33M$75.89M$1.56M$35.06k$0.0028.74%N/AN/AN/A
TRUE
TRUECAR INC
$245.70M$158.71M-$29.07M-$49.77M-$0.55-1.74%-13.88%N/AN/A2024-05-23
GMGI
GOLDEN MATRIX GROUP INC
$138.77M$45.24M$643.27k-$654.72k-$0.0119.26%N/AN/AN/A2024-06-11
BHAT
BLUE HAT INTERACTIVE ENTERTAINMENT TECHNOLOGY
$70.08M$73.69M-$18.65M-$19.30M-$0.653,255.57%31.79%N/AN/A
FOXA
FOX CORP
$14.88B$14.56B$1.74B$837.00M$1.691.90%5.80%-38.10%-7.38%2024-05-08
ADTH
ADTHEORENT HOLDING COMPANY INC
$294.08M$170.81M$10.66M$7.00k$0.002.85%N/A-100.00%N/A2024-05-23
RCI
ROGERS COMMUNICATIONS INC
$19.89B$14.76B$5.78B$430.43M$0.8132.42%5.77%-68.06%-22.54%

Communication Service Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
42-0.28%-2.56%-5.95%-0.41%28.83x3.35x+24.59%+3.19%+11.79%+35.77%Strong Buy
13+3.11%+1.87%+0.03%-27.07%2.95x0.67x-5.69%-2.67%+5.33%+52.97%Buy
22+0.81%-0.25%-4.49%-4.80%7.06x4.03x-104.57%+3.63%+6.22%+29.33%Strong Buy
45+0.58%-1.02%-5.75%+9.66%34.24x2.61x-2.83%+5.70%+10.50%+25.06%Buy
66+1.10%-1.08%-4.05%+27.01%14.93x6.31x+26.43%+18.83%+26.19%+25.92%Buy
53+0.85%-0.96%-4.43%-23.51%14.59x1.55x-0.29%+3.88%+8.34%+36.12%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. Interdigital (NASDAQ:IDCC)


Interdigital (NASDAQ:IDCC) is the top communication service stock with a Zen Score of 65, which is 38 points higher than the communication service sector average of 27. It passed 24 out of 38 due diligence checks and has strong fundamentals. Interdigital has seen its stock return 44.82% over the past year, overperforming other communication service stocks by 46 percentage points.

Interdigital has an average 1 year price target of $100.00, an upside of 2.15% from Interdigital's current stock price of $97.90.

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 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 -6.17% over the past year, underperforming other communication service stocks by -5 percentage points.

Cogent Communications Holdings has an average 1 year price target of $82.00, an upside of 26.35% from Cogent Communications Holdings's current stock price of $64.90.

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. Opera (NASDAQ:OPRA)


Opera (NASDAQ:OPRA) is the third 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 return 9.69% over the past year, overperforming other communication service stocks by 11 percentage points.

Opera has an average 1 year price target of $20.75, an upside of 63.64% from Opera's current stock price of $12.68.

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.

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. Trivago Nv (NASDAQ:TRVG)


Trivago Nv (NASDAQ:TRVG) has an annual dividend yield of 112.6%, which is 106 percentage points higher than the communication service sector average of 6.54%.

Trivago Nv's dividend payout ratio of -101.1% 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 19.46%, which is 13 percentage points higher than the communication service sector average of 6.54%.

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

3. Saga Communications (NASDAQ:SGA)


Saga Communications (NASDAQ:SGA) has an annual dividend yield of 15.47%, which is 9 percentage points higher than the communication service sector average of 6.54%. 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 248.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are communication service stocks up?

Communication service stocks were up 0.76% in the last day, and down -1.08% over the last week. Pinterest was the among the top gainers in the communication services sector, gaining 21.02% yesterday.

Pinterest shares are trading higher following strong Q1 earnings and upbeat Q2 guidance.

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. Doubledown Interactive Co (NASDAQ:DDI)


Doubledown Interactive Co (NASDAQ:DDI) is the most undervalued communication service stock based on WallStreetZen's Valuation Score. Doubledown Interactive Co 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.

Doubledown Interactive Co's stock has gained 27.15% in the past year. It has overperformed other stocks in the communication service sector by 28 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 dropped -6.87% in the past year. It has underperformed other stocks in the communication service sector by -6 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 gained 9.69% in the past year. It has overperformed other stocks in the communication service sector by 11 percentage points.

Are communication service stocks a good buy now?

43.36% of communication service stocks rated by analysts are a strong buy right now. On average, analysts expect communication service stocks to rise by 29.51% 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 17.08x.
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.