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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
SSP	EW SCRIPPS CO	$3.25	1,891,112	69.42%	3.94	3.87	3.75	5.30	6.18	39.60	8.62	13.40	1.12	4.35	-0.06	0.02	-0.08	1.55
CMCM	CHEETAH MOBILE INC	$4.16	3,803	-69.56%	4.09	4.04	3.45	2.83	2.43	57.61	61.74	62.60	44.82	40.89	0.17	0.20	-0.03	0.94
ANTE	AIRNET TECHNOLOGY INC	$1.06	6,861	16.98%	1.07	1.15	1.31	1.08	1.00	41.87	15.38	12.19	38.26	31.06	-0.08	-0.07	-0.01	0.47
ANGH	ANGHAMI INC	$1.06	36,561	-37.46%	1.08	1.11	1.25	1.13	1.11	41.62	17.56	27.10	26.13	42.00	-0.05	-0.05	0.00	0.03
AMC	AMC ENTERTAINMENT HOLDINGS INC	$4.64	122,550,343	-59.48%	4.11	3.65	3.63	4.16	9.03	56.70	31.20	41.86	65.45	72.81	0.44	0.16	0.28	1.29
MAX	MEDIAALPHA INC	$18.83	871,411	35.89%	20.25	19.91	19.69	16.97	13.09	42.77	5.98	9.60	2.14	4.90	-0.02	0.24	-0.27	1.41
RDI	READING INTERNATIONAL INC	$1.75	6,299	133.82%	1.71	1.69	1.75	1.84	1.97	53.19	47.54	52.51	63.83	70.71	-0.01	-0.02	0.01	0.78
HOFV	HALL OF FAME RESORT & ENTERTAINMENT CO	$3.03	34,638	189.74%	3.08	3.09	3.35	3.38	4.24	40.15	55.47	59.11	68.68	78.80	-0.07	-0.08	0.01	0.75
VSME	VS MEDIA HOLDINGS LTD	$0.38	153,665	56.03%	0.38	0.40	0.39	0.42	N/A	46.04	30.42	23.10	28.99	19.46	-0.01	-0.01	-0.00	0.61
THRY	THRYV HOLDINGS INC	$21.99	138,420	-4.90%	21.77	22.42	22.22	21.26	20.46	48.35	31.25	31.64	43.45	44.61	-0.05	-0.01	-0.04	1.02
HRYU	HANRYU HOLDINGS INC	$0.43	311,174	301.89%	0.51	0.51	0.41	0.50	1.93	43.59	32.84	50.64	3.67	10.44	0.01	0.03	-0.02	1.34
SBGI	SINCLAIR INC	$14.63	372,729	-24.45%	14.42	13.47	12.89	13.79	13.04	57.51	63.37	68.02	46.44	54.30	0.63	0.44	0.19	1.17
IHRT	IHEARTMEDIA INC	$1.29	1,343,558	-32.25%	1.68	1.89	2.01	2.23	2.59	28.91	9.80	7.39	4.40	2.24	-0.22	-0.12	-0.10	1.45
TRVG	TRIVAGO NV	$2.14	106,361	92.79%	2.26	2.41	2.56	2.53	3.60	28.46	6.67	3.64	8.95	3.57	-0.13	-0.10	-0.04	0.89
LPTV	LOOP MEDIA INC	$0.25	191,593	156.07%	0.25	0.28	0.34	0.53	0.65	41.37	28.42	22.29	43.74	28.86	-0.03	-0.03	0.00	-2.00
IAC	IAC INC	$57.02	494,974	-20.62%	56.11	52.53	51.76	52.29	51.50	67.08	91.78	91.82	94.11	92.50	1.82	1.18	0.64	1.43
GROM	GROM SOCIAL ENTERPRISES INC	$0.57	107,998	98.05%	0.56	0.58	0.75	0.82	1.67	40.87	21.30	14.94	96.31	75.36	-0.05	-0.06	0.01	0.76
GAIA	GAIA INC	$4.38	37,429	33.04%	4.06	3.99	3.54	3.22	2.90	64.59	85.58	80.90	86.74	80.18	0.20	0.17	0.03	0.84
WOW	WIDEOPENWEST INC	$4.80	392,178	-24.46%	4.76	4.15	3.73	3.71	5.08	68.36	80.34	82.62	60.71	69.11	0.34	0.28	0.06	1.26
BATRA	ATLANTA BRAVES HOLDINGS INC	$41.74	16,570	-39.76%	41.61	41.26	41.31	42.00	41.37	53.24	38.53	30.93	42.68	33.62	0.04	0.02	0.02	0.80
TC	TUANCHE LTD	$2.13	8,330	-14.15%	2.15	1.90	1.82	2.11	4.31	56.56	57.88	56.97	41.24	41.04	0.09	0.08	0.01	0.35
TIGO	MILLICOM INTERNATIONAL CELLULAR SA	$23.75	96,006	-33.72%	22.64	21.52	20.35	18.86	17.44	77.80	96.19	91.67	90.66	89.20	0.99	0.76	0.24	0.86
MSGS	MADISON SQUARE GARDEN SPORTS CORP	$189.13	72,720	-37.35%	187.78	186.42	184.50	185.26	181.53	57.63	50.79	42.60	40.99	30.71	1.09	0.95	0.14	0.78
LUMN	LUMEN TECHNOLOGIES INC	$1.31	6,872,924	-15.42%	1.31	1.29	1.43	1.49	1.48	48.11	62.75	59.15	91.36	83.21	-0.03	-0.04	0.01	1.05
CNSL	CONSOLIDATED COMMUNICATIONS HOLDINGS INC	$4.34	345,598	-6.18%	4.31	4.30	4.30	4.34	4.14	58.82	74.51	69.28	66.83	62.03	0.01	0.00	0.00	1.00
BBGI	BEASLEY BROADCAST GROUP INC	$0.71	1,991	-21.24%	0.72	0.71	0.75	0.82	0.84	47.30	56.93	57.17	73.53	78.10	-0.01	-0.01	0.00	0.86
TEO	TELECOM ARGENTINA SA	$9.18	186,172	-27.24%	9.20	8.47	7.91	7.64	6.80	60.99	72.65	71.32	47.53	50.81	0.46	0.38	0.08	0.56
FWONA	LIBERTY MEDIA CORP	$65.00	161,677	-39.46%	63.35	62.64	61.43	60.69	59.92	64.49	38.10	29.01	52.76	29.03	0.71	0.62	0.09	1.00
DJT	TRUMP MEDIA & TECHNOLOGY GROUP CORP	$52.15	1,927,283	-38.86%	50.91	45.99	43.00	38.93	27.51	58.88	77.76	80.06	61.05	69.40	3.49	2.76	0.73	1.13
KUKE	KUKE MUSIC HOLDING LTD	$3.10	86,375	-69.69%	2.73	2.70	2.51	1.98	1.43	58.35	43.14	28.70	78.96	57.26	0.10	0.08	0.03	0.29
PODC	PODCASTONE INC	$1.86	8,063	-23.49%	1.86	1.92	2.07	1.92	N/A	44.77	28.56	29.47	66.95	64.05	-0.07	-0.06	-0.01	1.00
EEX	EMERALD HOLDING INC	$6.00	92,049	126.08%	5.86	5.87	6.10	6.12	5.44	51.63	68.75	62.62	96.48	91.96	-0.07	-0.09	0.03	0.97
MANU	MANCHESTER UNITED PLC	$16.76	873,282	31.23%	15.97	15.91	14.96	16.99	18.42	67.05	84.24	71.75	65.70	51.13	0.35	0.27	0.08	0.73
LCFY	LOCAFY LTD	$3.11	1,874	-60.60%	3.15	3.30	4.19	5.82	6.38	41.69	32.96	46.67	63.01	75.12	-0.28	-0.35	0.07	0.92
STGW	STAGWELL INC	$6.89	433,921	-59.68%	6.92	6.53	6.06	6.25	5.64	63.48	71.74	74.39	48.85	55.41	0.29	0.27	0.01	1.33
MSGM	MOTORSPORT GAMES INC	$2.80	14,850	151.10%	2.73	2.61	2.42	2.50	3.01	55.22	33.56	30.30	40.38	36.55	0.09	0.08	0.01	2.00
MDIA	MEDIACO HOLDING INC	$1.52	72,739	182.93%	1.79	1.87	1.65	1.09	0.88	42.15	4.98	9.33	3.14	1.65	-0.08	0.01	-0.09	0.75
CSSE	CHICKEN SOUP FOR THE SOUL ENTERTAINMENT INC	$0.33	630,927	4.58%	0.31	0.28	0.21	0.20	0.30	60.85	45.21	41.24	52.08	35.61	0.03	0.03	-0.00	1.02
IHS	IHS HOLDING LTD	$3.39	396,547	-43.23%	3.70	3.61	3.41	3.51	4.58	44.29	25.69	38.08	5.94	14.78	0.04	0.09	-0.05	0.94
LGF.B	LIONS GATE ENTERTAINMENT CORP	$9.86	981,137	28.99%	9.96	9.84	9.50	9.46	8.75	52.20	44.02	45.62	34.93	39.07	0.10	0.13	-0.03	1.05
MMV	MULTIMETAVERSE HOLDINGS LTD	$0.52	29,110	-20.28%	0.53	0.56	0.73	0.89	1.07	37.36	27.37	24.26	68.37	78.52	-0.06	-0.07	0.01	0.59
TKO	TKO GROUP HOLDINGS INC	$104.70	683,657	-35.85%	100.35	98.06	92.41	87.69	N/A	76.92	94.80	88.69	96.96	93.17	2.75	2.26	0.48	0.83

Communication Service Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Advertising Agencies	43	+1.22%	+1.41%	+5.31%	+9.11%	14.62x	3.61x	+18.77%	+3.45%	+12.12%	+28.75%	Strong Buy
Broadcasting	13	+0.35%	-5.08%	-1.89%	-25.05%	-5.49x	0.66x	-2.65%	-0.60%	+4.19%	+60.27%	Buy
Electronic Gaming & Multimedia	22	+1.05%	+3.56%	+6.01%	+1.40%	8.34x	4.23x	-128.67%	+4.35%	+7.26%	+23.81%	Buy
Entertainment	45	-0.47%	-0.02%	+2.48%	+24.64%	53.92x	2.76x	-20.54%	+5.93%	+10.85%	+18.62%	Buy
Internet Content & Information	66	-0.64%	+1.33%	+5.24%	+34.43%	16.57x	6.71x	+26.18%	+18.82%	+26.22%	+17.55%	Buy
Telecom Services	53	+0.83%	+1.87%	+6.58%	-14.69%	18.00x	1.60x	+10.25%	+3.63%	+8.10%	+29.17%	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 -8.27% over the past year, underperforming other communication service stocks by -17 percentage points.

Cogent Communications Holdings has an average 1 year price target of $80.17, an upside of 38.51% from Cogent Communications Holdings's current stock price of $57.88.

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 -0.15% over the past year, underperforming other communication service stocks by -9 percentage points.

Opera has an average 1 year price target of $20.75, an upside of 52.13% from Opera's current stock price of $13.64.

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 lose -0.26% over the past year, underperforming other communication service stocks by -9 percentage points.

Direct Digital Holdings has an average 1 year price target of $21.00, an upside of 452.63% from Direct Digital Holdings's current stock price of $3.80.

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 4.18%. 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 16.63%, which is 12 percentage points higher than the communication service sector average of 4.18%.

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

3. Jiayin Group (NASDAQ:JFIN)

Jiayin Group (NASDAQ:JFIN) has an annual dividend yield of 11.94%, which is 8 percentage points higher than the communication service sector average of 4.18%.

Jiayin Group's dividend payout ratio of 23.9% indicates that its high dividend yield is sustainable for the long-term.

Why are communication service stocks up?

Communication service stocks were up 0.09% in the last day, and up 1.23% over the last week. Magnite was the among the top gainers in the communication services sector, gaining 22.35% yesterday.

Magnite shares are trading higher after Netflix on Wednesday reportedly said it would launch in-house advertising technology platform by the end of 2025.

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. Nexstar Media Group (NASDAQ:NXST)

Nexstar Media Group (NASDAQ:NXST) is the 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 7.14% in the past year. It has underperformed other stocks in the communication service sector by -2 percentage points.

2. Perion Network (NASDAQ:PERI)

Perion Network (NASDAQ:PERI) is the second 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 -63.24% in the past year. It has underperformed other stocks in the communication service sector by -72 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 -0.15% in the past year. It has underperformed other stocks in the communication service sector by -9 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 22.38% 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 20.97x.

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.