10 Best Telecom Stocks To Buy Right Now

03. Comcast Corporation (NASDAQ:CMCSA)

Average Analyst Share Price Target Upside: 17.72%

Average Analyst Share Price Target: $45.78

Comcast Corporation (NASDAQ:CMCSA), a prominent media and entertainment conglomerate, operates across cable, broadcasting, film, streaming, live entertainment, and theme parks. With a market capitalization of $150 billion, Comcast Corporation (NASDAQ:CMCSA) is a major player in the industry. Despite the decline in cable TV, Comcast is thriving through its diversified assets, including the Peacock streaming service and broadband connectivity. Comcast Corporation (NASDAQ:CMCSA) is projected to rise by 17.72% to an average analyst target of $45.78, signaling optimistic growth expectations despite current challenges. For the latest quarter ending July 23, the company reported a normalized EPS of $1.21, exceeding forecasts by $0.09. Revenue of $29.69 billion fell short of expectations by $332.68 million, reflecting challenges in meeting top-line targets despite solid earnings performance. The company’s forward dividend yield is 3.17%, with an annual payout of $1.24 and a payout ratio of 28.78%. Over the past five years, dividends have grown at an average rate of 8.45%, and the dividend has been increased for six consecutive years. The most recent dividend of $0.31 will be paid on October 23, with an ex-dividend date set for October 2.

ClearBridge Small Cap Strategy made the following comment about Extreme Networks, Inc. (NASDAQ:EXTR) in its Q4 2022 investor letter:

“Stock selection in the information technology (IT) sector was the leading contributor to relative outperformance in the fourth quarter, benefiting from strong idiosyncratic drivers that helped our holdings overcome increased economic uncertainty. Extreme Networks, Inc. (NASDAQ:EXTR), one of the Strategy’s top-performing holdings, provides networking solutions worldwide through wired and wireless network infrastructure equipment and software development for network management, policy, analytics, security, and access controls. The company continues to exceed expectations thanks to its progress in consolidating its multiple offerings within a single platform and higher recurring software sales. As a result, the company has been able to accelerate its revenue growth and improve its profitability to the benefit of shareholders.”