5 Best Communication Stocks To Invest In

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

Number of Hedge Fund Holders: 96    

T-Mobile US, Inc. (NASDAQ:TMUS) provides mobile communications services. The company is one of the most prominent communication stocks to invest in. On September 19, the company announced that it had invested $304 million in Auction 108, a recent auction by the FCC for a 2.5 GHz spectrum. The carrier won 7,000 2.5 GHz licenses in areas covering 81 million people. The firm said it would immediately begin deploying the new mid-band spectrum for 5G once licenses are issued. 

On September 9, Raymond James analyst Ric Prentiss maintained a Strong Buy rating on T-Mobile US, Inc. (NASDAQ:TMUS) stock and raised the price target to $178 from $175 as the firm announced a $14 billion stock repurchase program. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in T-Mobile US, Inc. (NASDAQ:TMUS), with 9.2 million shares worth more than $1.2 billion.

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.”