12 Best Telecom Services Stocks to Buy According to Analysts

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.

10. KT Corporation (NYSE:KT)

KT Corporation (NYSE:KT) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 28.83% upside, with the consensus rating of Hold. On July 6, news agency Yonhap reported that KT plans to invest about 18 trillion won, or roughly $11.8 billion, as part of its push to become an AI transformation platform company. The plan includes 12 trillion won for cybersecurity, IT and networks over three years, along with investments in AI data centers, submarine cables, 6G and satellite technologies.

The telecom angle is direct because KT is tying its network base to higher-value digital infrastructure rather than treating connectivity as a stand-alone utility. The scale of the plan also raises execution risk, since telecom operators have often struggled to earn attractive returns from new technology bets. For KT, the key issue is whether AI and network upgrades can add growth without diluting the cash-generation profile of its core telecom business.

KT Corporation (NYSE:KT) is a South Korean telecommunications company that provides wireless, fixed-line, broadband, enterprise connectivity, cloud, and digital platform services.

9. Lumen Technologies, Inc. (NYSE:LUMN)

Lumen Technologies, Inc. (NYSE:LUMN) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 29.70% upside, and the consensus rating is Hold. On June 10, Lumen and its Qwest subsidiary announced the expiration and final results of exchange offers and consent solicitations tied to Qwest notes due in 2056 and 2057.

The transaction was a capital-structure move, but that still matters for a telecom services company whose strategy depends on expensive fiber, enterprise connectivity, and long-haul network assets. Lumen has been working to reposition itself around business connectivity, data transport and AI-related network demand, but its equity story remains weighed down by debt, weak legacy revenue and turnaround execution risk. The consensus upside reflects that tension: analysts see room for recovery from depressed levels, but the stock still needs evidence that network demand can translate into better revenue quality and balance-sheet stability.

Lumen Technologies, Inc. (NYSE:LUMN) provides fiber, internet, edge, security, managed network, and enterprise connectivity services.

8. Liberty Global Ltd. (NASDAQ:LBTYA)

Liberty Global Ltd. (NASDAQ:LBTYA) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 35.04% upside, and the consensus rating is Hold.

On July 1, the UK Competition and Markets Authority referred nexfibre’s planned acquisition of Substantial Group for an in-depth investigation. The deal is relevant to Liberty Global because nexfibre is a joint venture backed by Liberty Global, Telefónica and InfraVia, and Substantial includes Netomnia, Brsk, Brsk ISP and YouFibre.

For telecom investors, the review puts regulatory attention on fiber consolidation in the UK, where broadband operators are trying to balance network expansion, customer growth and capital efficiency. Liberty Global remains a converged broadband, video and mobile operator with exposure across several European markets, but its investment case is also shaped by complex ownership structures and asset-level transactions. The upside case depends partly on whether those moves can unlock value without adding more strategic clutter.

Liberty Global Ltd. (NASDAQ:LBTYA) is a converged communications company that provides broadband, video, mobile, and fixed-line services across European markets.

7. EchoStar Corporation (NASDAQ:ECHO)

EchoStar Corporation (NASDAQ:ECHO) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 43.18% upside, and the consensus rating is Buy.

On June 30, Reuters reported that EchoStar’s Dish DBS and wireless subsidiaries filed for prepackaged Chapter 11 bankruptcy protection after a delay in the closing of a spectrum-license sale to AT&T. Reuters also reported that the move was meant to address debt maturities and facilitate the wind-down of Dish Wireless’s 5G network operations. This is a high-risk telecom services story rather than a clean recovery setup. EchoStar’s value is tied to satellite, spectrum and wireless assets, but the restructuring highlights how costly it is to build and finance a national communications platform. The consensus upside is large, but it comes with obvious uncertainty around bankruptcy timing, spectrum monetization, creditor outcomes and the company’s post-restructuring operating profile.

EchoStar Corporation (NASDAQ:ECHO) provides satellite communications, broadband, wireless spectrum, and pay-TV services through its communications and Dish-related businesses.

6. T-Mobile US, Inc. (NASDAQ:TMUS)

T-Mobile US, Inc. (NASDAQ:TMUS) is one of the Best Telecom Services Stocks to Buy According to Analysts. The stock’s average analyst price target implies 45.94% upside, based on 28 analysts, and the consensus rating of Buy.

On June 29, The Verge reported that T-Mobile had begun notifying customers that it would retire many legacy plans and move subscribers to current rate plans. T-Mobile said customers would gain access to newer network and service features, including a five-year price guarantee, though some customers could see a modest bill adjustment.

The move is relevant because wireless operators are trying to balance premium 5G monetization with customer retention. T-Mobile has long benefited from its challenger brand, so plan migration can support revenue per account but also carries churn and reputation risk if customers see it as price pressure by another name. Analysts still view the company favorably because its 5G network scale, post-Sprint synergies, and wireless growth profile remain stronger than most large U.S. peers.

T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless voice, messaging, data, fixed wireless broadband, and related communications services in the United States.

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