5 Best Communication Stocks To Buy Now

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In this article, we will be taking a look at the 5 best communication stocks to buy now. To read our detailed analysis of the communications sector, you can go directly to see the 11 Best Communication Stocks to Buy Now.

5. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 72

Comcast Corporation (NASDAQ:CMCSA) is a cable and satellite company. It is based in Philadelphia, Pennsylvania.

An Outperform rating was reiterated on Comcast Corporation (NASDAQ:CMCSA) shares on January 27 by analyst Gregory Williams at Cowen.

Comcast Corporation (NASDAQ:CMCSA) has raised its dividend yield for the past 15 years and has a yield of 3.14% as of March 22. According to TipRanks, analysts on Wall Street placed an average price target of $44.24 on the shares, which were trading at $36.99 on March 22nd. This gives the shares an upside potential of 19.6%.

At the end of the fourth quarter, 72 hedge funds were long Comcast Corporation (NASDAQ:CMCSA). Their total stake value was $3.7 billion.

ClearBridge Investments, an investment management firm, mentioned Comcast Corporation (NASDAQ:CMCSA) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“That balance served the Strategy well throughout the year, enabling outperformance against the benchmark in all four quarters. Results in the last three months were driven by a long-time media position in Comcast Corporation (NASDAQ:CMCSA), which we consider a durable compounder due to its consistent revenue growth and free cash flow generation. Comcast shares saw a snapback after a difficult first half of the year caused by cord cutting in its cable business and slowing subscriber growth in its broadband business. A flexible balance sheet and strong cash generation enabled the company to repurchase shares during the selloff earlier in the year.”

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