5 Best Communication Stocks to Invest In

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In this article, we will list the 5 Best Communication Stocks to Invest In. Please visit 9 Best Communication Stocks to Invest In if you would like to see the extended list and the methodology behind it.

5 Best Communication Stocks to Invest In

5. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 95

Comcast Corporation (NASDAQ:CMCSA) is one of the best communication stocks to invest in. Comcast Corporation (NASDAQ:CMCSA) received several rating updates following the release of its fiscal Q1 financial results. Deutsche Bank downgraded Comcast Corporation (NASDAQ:CMCSA) to Hold from Buy on April 24, bringing the price target on the stock down to $34 from $35.

The firm reduced the company’s 2027 EBITDA and free cash flow estimates after the fiscal Q1 earnings report, and told investors in a research note that it now sees limited upside in the shares. It believes that the company’s better-than-expected performance in fiscal Q1 will not be repeatable over the next few quarters, and thus sees current share levels as appropriate given its “muted” free cash flow and EBITDA growth outlook over the next few years. Deutsche also stated that it expects the “challenging competitive environment” for broadband to become even more challenging.

Comcast Corporation (NASDAQ:CMCSA) also received a rating update from RBC Capital the same day, with the firm lifting the price target on the stock to $32 from $31 while reiterating a Sector Perform rating on the shares following its Q1 results.

Comcast Corporation (NASDAQ:CMCSA) provides internet, video, and phone services. The company’s operations are divided into the following segments: Residential Connectivity and Platforms, Business Services Connectivity, Media, Studios, and Theme Parks.

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