5 Best Communication Stocks To Buy Today

In this article, we discuss the 5 best communication stocks to buy today. If you want to read about some more communication stocks to buy today, go directly to 12 Best Communication Stocks To Buy Today.

5. Charter Communications, Inc. (NASDAQ:CHTR)

Number of Hedge Fund Holders: 68 

Charter Communications, Inc. (NASDAQ:CHTR) operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. On November 2, Charter Communications said that Comcast and Charter Communications have named their streaming platform joint venture Xumo – repurposing the name of Comcast’s free ad-supported streaming service into a bigger ecosystem.

On October 31, Truist analyst Greg Miller maintained a Hold rating on Charter Communications, Inc. (NASDAQ:CHTR) stock and lowered the price target to $380 from $450, highlighting that the company’s third-quarter results were mixed as it reported high mobile net additions, though its legacy businesses are seen in perpetual decline.

At the end of the third quarter of 2022, 68 hedge funds in the database of Insider Monkey held stakes worth $3.4 billion in Charter Communications, Inc. (NASDAQ:CHTR), compared to 68 in the preceding quarter worth $5.7 billion.

In its Q3 2022 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Charter Communications, Inc. (NASDAQ:CHTR) was one of them. Here is what the fund said:

“Liberty Broadband’s primary asset is a 26% stake in Charter Communications (NASDAQ:CHTR). Charter is not sitting still; the company is adapting via footprint expansion into underserved areas, price-advantaged mobile line growth, and so on. Charter’s hefty free cash flows are valuable in the hands of proven, astute capital allocators. Time will tell, but to paraphrase country music artist Merle Haggard, we do not yet think cable’s good times are really over for good.”