5 Best Communication Stocks To Invest In

In this article, we discuss 5 best communication stocks to invest in. If you want to read about some more communication stocks, go directly to 12 Best Communication Stocks To Invest In.

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. It is one of the top communications stocks to invest in. On August 12, the company announced that it was phasing out the original content wing of the firm. The move brings an end to a four year-plus attempt to push into scripted shows and is aimed at helping hold back the tide of cable departures due to cord cutting.

On August 24, KeyBanc analyst Brandon Nispel maintained an Overweight rating on Charter Communications, Inc. (NASDAQ:CHTR) stock and raised the price target to $592 from $555, noting that despite weakness, the short sightedness of investors can be proven wrong. 

At the end of the second quarter of 2022, 68 hedge funds in the database of Insider Monkey held stakes worth $5.7 billion in AT&T Inc. (NYSE:T), compared to 73 in the preceding quarter worth $8.5 billion. 

In its Q2 2022 investor letter, Andvari Associates, an asset management firm, highlighted a few stocks and Charter Communications, Inc. (NASDAQ:CHTR) was one of them. Here is what the fund said:

“Regarding Liberty Broadband, Andvari has owned it for the last 7+ years primarily because of its large stake in cable company Charter Communications (NASDAQ:CHTR). Given that Liberty also traded at a wide discount to its own net asset value, Andvari saw this as an even cheaper way to own Charter. We sold Liberty because we saw (too slowly) a violation of one of the core parts to our investment thesis: pricing power at Charter was not as great as we imagined. Charter has not been able to raise prices in line with inflation. To add insult to injury, the trade association for the U.S. cable industry started proudly advertising about how internet price increases have remained far behind the rate of inflation.”