10 Best Telecom Stocks to Buy According to Wall Street Analysts

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1. Anterix Inc. (NASDAQ:ATEX)

Number of Hedge Fund Holders: 26

Average Upside Potential as of June 24: 160.60%

Anterix Inc. (NASDAQ:ATEX) is one of the best telecom stocks to buy according to Wall Street analysts. On June 23, Digi International Inc. (NASDAQ:DGII) announced the market launch of the Digi IX30-0EG4. The edge computing industrial IoT cellular router solution has achieved the “Anterix Active” designation, which signifies its full support for Anterix’s nationwide 900 MHz private LTE spectrum.

The Digi IX30-0EG4 is engineered for hazardous and mission-critical applications within both public and private LTE networks. It is tailored for energy and utilities applications. The router is C1D2 and NEMA TS2-rated, which ensures secure and reliable connectivity for industrial assets even in challenging environments.

Anterix is the largest holder of licensed spectrum in the 900 MHz band across the contiguous US, as well as Alaska, Hawaii, and Puerto Rico. The low-band spectrum is particularly well-suited for wide-area coverage, deep penetration through obstacles, and consistent performance over vast and difficult terrains. The Digi IX30-0EG4 is fully integrated with Digi Remote Manager (Digi RM) and powered by Digi Accelerated Linux (DAL OS).

Anterix Inc. (NASDAQ:ATEX) is a wireless communications company that commercializes its spectrum assets for targeted utility and critical infrastructure customers to deploy private broadband networks and broadband solutions. Digi International Inc. (NASDAQ:DGII) provides business and mission-critical IoT connectivity products, services, and solutions.

While we acknowledge the potential of ATEX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ATEX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.

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