10 Best Telecom Stocks to Invest In

8. Globalstar, Inc. (NASDAQ:GSAT)

Number of Hedge Fund Holders: 18

Globalstar, Inc. (NASDAQ:GSAT) ranks among the best telecom stocks to invest in. Deutsche Bank began coverage of Globalstar, Inc. (NASDAQ:GSAT) on December 16 with a $62 price target and a Hold rating. The bank’s study addresses Globalstar’s place in the satellite communication (satcom) industry, highlighting the company’s deliberate shift from direct competition with providers like as Inmarsat and Iridium to transforming into a major capacity supplier as Apple’s direct-to-device (D2D) network operator.

Following the Echostar and SpaceX arrangement, Globalstar’s spectrum gained “material” strategic worth, according to Deutsche Bank, which helped the stock more than double in the last three months.

Additionally, in order to support its third-generation mobile satellite services throughout Central and South America, Globalstar, Inc. (NASDAQ:GSAT) stated more than a month ago that it will be adding eight new six-meter C-3 tracking antennas to its ground stations throughout Brazil. The eight additional antennae being set up are part of a larger global expansion that includes up to 90 new tracking antennas for Globalstar’s third-generation C-3 satellite system.

Globalstar, Inc. (NASDAQ:GSAT) is an international telecom infrastructure provider that offers reliable satellite and terrestrial connectivity services. The company operates a satellite constellation in low Earth orbit to deliver secure data transmission for asset tracking, critical data transfer, and safety applications for consumers, businesses, and government agencies around the world.