11 Best Communication and Media Stocks to Buy According to Analysts

1. Rogers Communications Inc. (NYSE:RCI)

Average Price Target Upside Potential According to Analysts: 63.89%

Number of Hedge Fund Holders: 24

Rogers Communications Inc. (NYSE:RCI) is a leading Canadian communications and entertainment company that specializes in wireless communications, cable television, telephony and internet services. The company has significant additional telecommunications and mass media assets and boasts one of the most extensive and advanced high-speed wireless networks in Canada. RCI is one of the best communication stocks to invest in according to analysts.

The company has a strong market presence and this helps it achieve impressive results. In 2024, Rogers Communications Inc. (NYSE:RCI) exceeded $20 billion in annual revenue. This achievement was supported by combined mobile phone and internet net additions of 623,000. Over the past 12 quarters, the company added industry-best 2 million mobile phone and internet subscribers.

The company is focused on strategic investments and partnerships to grow its business. Rogers Communications Inc. (NYSE:RCI) invested a record $4 billion in capital expenditures in 2024, primarily on its networks. The company substantially completed its 5G network build along the Highway of Tears in British Columbia. Additionally, Rogers Communications Inc. (NYSE:RCI) signed significant deals with major media companies to expand its media offerings. Afterward, on January 1, 2025, the company launched channels for HGTV, Food Network, Discovery, and others.

Overall, RCI ranks first among the 11 best communication and media stocks to buy according to analysts. While we acknowledge the potential of communication and media companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RCI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.