5 Best Communication Stocks To Buy Today

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

Number of Hedge Fund Holders: 100 

T-Mobile US, Inc. (NASDAQ:TMUS) provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. On November 29, T-Mobile said that it has entered into an exclusive agreement with Telecom firm ExteNet Systems to deploy digital wireless infrastructure in large sports, entertainment, hospitality and transportation venues. The agreement is expected to deliver best-in-class wireless communication on commercial sites.

On November 15, Tigress Financial analyst Ivan Feinseth maintained a Buy rating on T-Mobile US, Inc. (NASDAQ:TMUS) stock and raised the price target to $202 from $195, highlighting that the company will acquire more customers and boost its income as it can better utilise its huge 5G high-speed network.

Among the hedge funds being tracked by Insider Monkey, Omaha, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in T-Mobile US, Inc. (NASDAQ:TMUS) with 5.2 million shares worth more than $703.3 million. 

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and T-Mobile US, Inc. (NASDAQ:TMUS) was one of them. Here is what the fund said:

“As mentioned, the communication services sector has come under some pressure, and irrational pricing competition has negatively impacted wireless industry growth and profitability of late, weighing on T-Mobile US, Inc. (NASDAQ:TMUS). Faced with these headwinds, and with pressure from other wireless carriers and cable companies that could cause the company to cede share in subscriber growth in 2022, we exited our position in the fourth quarter.”