In this article, we look at 12 Best Telecom Services Stocks to Buy According to Analysts.
The telecom services industry is moving through a period of modest growth, heavy network investment, and rising pressure to prove that new technologies can earn acceptable returns. Omdia said global telecom connectivity revenue reached $1.3 trillion in 2025, up 4% year over year, while 5G connections surpassed 3 billion. Ericsson’s June Mobility Report said 5G subscriptions reached 3.1 billion in the first quarter and that mobile network data traffic grew 22% from Q1 2025 to Q1 2026. The GSMA’s Mobile Economy 2026 report also said mobile technologies and services generated $7.6 trillion for the global economy in 2025, with the industry’s economic impact projected to reach $11.3 trillion by 2030 as 5G, AI and digital technologies scale.
For telecom operators, the investment debate is less about explosive growth and more about disciplined execution. Wireless, fiber broadband, fixed wireless access, enterprise connectivity, satellite-to-mobile services, and network slicing are all expanding the menu of revenue opportunities. The challenge is that these opportunities require capital, spectrum, regulatory patience, and strong customer retention. Analysts continue to see upside in select telecom services stocks where valuations already reflect debt, competitive pressure or weak sentiment, but the sector still rewards operators that can convert network quality into durable cash flow.
Methodology
For this article, we reviewed US listed stocks whose core business is wireless, broadband, cable, fiber, satellite connectivity, or internet/network services. Then we narrowed the pool of stocks based on the consensus analyst price-target upside. Only companies with at least three analysts covering the stock and at least 20% implied upside were considered. The stocks were ranked by average upside based on consensus. We further limited our selection to companies with recent news and developments.
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12. BCE Inc. (NYSE:BCE)
BCE Inc. (NYSE) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 24.98% upside, and the consensus rating is Buy. On June 18, Bell Canada, Cohere, Hypertec and BUZZ HPC announced a major sovereign AI infrastructure deal in Canada. The collaboration brings together Bell AI Fabric’s data center and connectivity foundation, Cohere’s enterprise AI models, Hypertec’s Canadian-built hardware and BUZZ HPC’s GPU infrastructure. Separately, HIVE Digital Technologies said BUZZ HPC executed a three-year GPU cloud contract worth about $220 million tied to the arrangement.
The update gives BCE a more investor-relevant angle than a routine network-quality award because it shows Bell trying to turn telecom infrastructure into higher-value AI and data-center services. The opportunity is meaningful, but execution still matters, since telecom operators must prove that capital-heavy digital infrastructure can support durable cash flow rather than just bigger spending plans.
BCE Inc. (NYSE:BCE) is a Canadian communications company that provides wireless, internet, television, media, business connectivity, and related telecom services.
11. Rogers Communications Inc. (NYSE:RCI)
Rogers Communications Inc. (NYSE:RCI) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 26.09% upside, and the consensus rating is Buy. On June 30, the Canadian Radio-television and Telecommunications Commission launched a show-cause proceeding involving Rogers, Bell and TELUS over fees that may conflict with new consumer protections against activation and modification fees.
For Rogers, the CRTC cited a $40 device setup charge, a $25 shipping charge for online device orders, and an unspecified SIM-related fee. Rogers told the regulator it had not stopped charging the fees because it considered them compliant with the policy. The issue is directly relevant to telecom services because Canadian operators are managing tighter rules around customer switching costs, fee revenue, and pricing flexibility. The proceeding has not decided wrongdoing, but it adds regulatory pressure at a time when wireless and broadband competition already limits easy growth.
Rogers Communications Inc. (NYSE:RCI) is a Canadian communications company that provides wireless, cable, internet, media, sports, and business telecom services.
