5 Best 5G Stocks to Buy Right Now

3. Comcast Corporation (NASDAQ:CMCSA)

Comcast Corporation (NASDAQ:CMCSA) ranks among the best 5G stocks to buy right now. On June 4, Comcast Corporation (NASDAQ:CMCSA) announced that it had agreed to invest over 6 billion pounds ($8.05 billion) in the United Kingdom to build and operate Universal’s first European resort, as the US media conglomerate seeks to grow its theme-park business. The move led to CMCSA shares to edge higher in overnight trading, after plunging to a yearly low during the preceding session.

Universal United Kingdom Resort, located in Bedford, UK, is about 45 minutes outside of London. The resort will comprise a world-class amusement center with a number of immersive areas and unique attractions, as well as a 500-room hotel and a shopping, restaurant, and entertainment hub.

Meanwhile, on June 5, Rosenblatt reduced its price target for Comcast Corporation (NASDAQ:CMCSA) from $30 to $24, retaining a Neutral rating on the stock. The firm highlighted that Comcast shares have declined 17% year-to-date, with a tighter broadband environment being the key driver of the stock’s performance.

That said, the firm stated that Comcast Corporation (NASDAQ:CMCSA) has streamlined its cable, broadband, and wireless products and introduced cheaper pricing. In this regard, the company forecasts higher broadband average revenue per user in the latter half of the year.

Comcast Corporation (NASDAQ:CMCSA) is an American media and technology company that specializes in telecommunications and entertainment. The company’s Xfinity Mobile service provides 5G coverage across the United States.