5 Best Media Stocks To Buy Now

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In this article, we discuss the 5 best media stocks to buy now. If you want to read our detailed analysis of the media industry, go directly to see the 10 Best Media Stocks to Buy Now.

5. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 84

Comcast Corporation (NASDAQ:CMCSA) is an American telecommunication and media company that operates the largest cable company in the U.S. and owns one of the biggest mass media companies, NBCUniversal. Comcast Corporation (NASDAQ:CMCSA) gained 6% in the past year.

Comcast Corporation (NASDAQ:CMCSA) has recently announced a new venture called Project UP to enhance digital equity. The project will combine the programs from Comcast, NBCUniversal, and Sky, and aims to reach 50 million people. Due to these advances, Comcast Corporation (NASDAQ:CMCSA) remains one of the best media stocks to buy now. This September, Pivotal Research raised its price target on Comcast Corporation (NASDAQ:CMCSA) to $75, with a Buy rating on the shares.

Of the 873 elite funds tracked by Insider Monkey, 84 hedge funds have positions in Comcast Corporation (NASDAQ:CMCSA) in Q2, compared with 88 in the previous quarter. The total value of these stakes is over $9.3 billion.

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