10 Best Telecom Stocks to Buy According to Wall Street Analysts

2. Globalstar Inc. (NASDAQ:GSAT)

Number of Hedge Fund Holders: 18

Average Upside Potential as of June 24: 120.77%

Globalstar Inc. (NASDAQ:GSAT) is one of the best telecom stocks to buy according to Wall Street analysts. On June 24, Globalstar announced its continued partnership with CERES TAG for supporting the livestock industry, particularly in light of the recent New World Screwworm outbreak in Mexico.

The outbreak in Mexico has caused a border closure on live animal imports and put cattle producers on high alert. The New World Screwworm poses a threat to animal welfare and herd productivity. Over the last decade, the direct economic impact of zoonotic diseases has been an estimated $20 billion, with indirect impacts reaching $200 billion.

CERES TAG’s smart ear tags are instrumental in livestock monitoring, providing real-time behavioral data, GPS location, and biosecurity triggers. This information is transmitted without reliance on cellular infrastructure, using Globalstar’s satellite network to ensure uninterrupted connectivity even in the most remote ranching areas.

Globalstar Inc. (NASDAQ:GSAT) provides mobile satellite services in the US, Canada, Europe, Central and South America, and internationally. CERES TAG specialises in direct-to-satellite animal health intelligence technology.