10 Best Telecom Stocks to Invest In

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5. Cogent Communications Holdings Inc. (NASDAQ:CCOI)

Number of Hedge Fund Holders: 31

Cogent Communications Holdings Inc. (NASDAQ:CCOI) ranks among the best telecom stocks to invest in. On December 10, KeyBanc upheld its Overweight rating and $30 price target for Cogent Communications Holdings Inc. (NASDAQ:CCOI). The bank acknowledged that 2025 had been “a disaster” for the telecom operator, though it was more positive about 2026 than the majority of analysts.

In the third quarter of 2025, the company recorded a net loss of $41.5 million, compared to $63.1 million in the previous year’s period. Despite a reduction in top-line, lower operating expenses resulted in a smaller deficit year-over-year.

Although Cogent Communications Holdings Inc. (NASDAQ:CCOI) was one of KeyBanc’s worst-performing stocks in 2025, the firm stated that “little needs to go right” for it to emerge as its best performer in 2026, signaling the possibility of a comeback.

KeyBanc cited three possible drivers for Cogent Communications Holdings Inc. (NASDAQ:CCOI) in the upcoming year: data center monetization to aid restructuring, forced billing on Wavelengths to drive expansion, and early signs of growth in the company’s core business.

Cogent Communications Holdings Inc. (NASDAQ:CCOI) is an internet service provider that specializes in high-speed internet access and private network services. It caters to bandwidth-intensive businesses and communication service providers.

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