10 Best 5G Stocks to Invest in According to Analysts

8. TELUS Corporation (NYSE:TU)

Average Price Target Upside Potential According to Analysts: 22.04%

Number of Hedge Fund Holders: 16

TELUS Corporation (NYSE:TU) is a Canadian holding company and conglomerate that ranks among the best 5G stocks to buy. Through its subsidiaries, it offers a wide range of services including telephony, television, data and internet, and wireless services. TELUS Corporation’s (NYSE:TU) 5G network is available in markets across Canada, including Vancouver, Toronto, Montreal, Calgary, and Edmonton.

The company is actively looking to introduce new products and expand to new markets. TELUS Corporation (NYSE:TU) is rolling out its PureFibre 5 Gig service that uses fiber optic cable technology to deliver unrivaled speed. In November 2024, the corporation launched its PureFibre Internet in Ontario and Quebec to offer customers access to fast internet technology. The PureFibre Internet offers download speeds of up to 1.5 Gbps and upload speeds of 1.0 Gbps. By combining a fiber-to-the-home network with Wi-Fi 6 hardware, PureFibre Internet provides fast and reliable connectivity that doesn’t lag.

TELUS Corporation’s (NYSE:TU) strategic focus on customer-centric services has led to strong customer growth. In the third quarter of 2024, the company reported total customer net additions of 347,000. This figure includes mobile phone customer additions of 130,000, and robust gains in connected devices with 159,000 net additions, driven by 5G and IoT solutions.