10 Best Telecom Stocks to Buy According to Wall Street Analysts

3. Shenandoah Telecommunications Company (NASDAQ:SHEN)

Number of Hedge Fund Holders: 14

Average Upside Potential as of June 24: 82.33%

Shenandoah Telecommunications Company (NASDAQ:SHEN) is one of the best telecom stocks to buy according to Wall Street analysts. On June 20, Shenandoah Telecommunications (also known as Shentel) announced a definitive agreement to acquire the assets and operations of Blacksburg Broadband LLC, which operates as WideOpen Blacksburg. The acquisition is set to expand Glo Fiber service in Blacksburg, Virginia.

The transaction is to be finalized by early to mid-July this year. Glo Fiber is powered by Shentel and delivers 100% fiber broadband services to residential and commercial customers. These services support symmetrical upload and download speeds of up to 5 gigabits per second. By using fiber-to-the-home technology and Shentel’s extensive 17,200-mile regional fiber network, Glo Fiber ensures high speeds and low latency.

The company is also recognized for its superior local customer service across its markets. Additionally, Glo Fiber offers phone service, video service, and Whole Home Wi-Fi for comprehensive connectivity. Glo Fiber services are currently available to ~363,000 homes and businesses, using state-of-the-art XGS-PON 10 Gbps networks.

Shenandoah Telecommunications Company (NASDAQ:SHEN) provides broadband services and video and voice services in the US.