11 Best Communication and Media Stocks to Buy According to Analysts

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9. Comcast Corporation (NASDAQ:CMCSA)

Average Price Target Upside Potential According to Analysts: 28.48%

Number of Hedge Fund Holders: 72

Comcast Corporation (NASDAQ:CMCSA) is an American multinational mass media and technology corporation that specializes in telecommunications, entertainment, sports, and news. Through its brands Xfinity, Comcast Business, and Sky, the company provides broadband, wireless, and video services. Comcast Corporation (NASDAQ:CMCSA) also produces and distributes leading entertainment, sports, and news through brands like NBC, Telemundo, Universal, Peacock, and Sky. CMCSA is one of the best communication and media stocks to buy according to analysts.

The company offers extensive wireless coverage and it is strategically focused on investing in growing and enhancing its network. To fund the largest network upgrade in the US, Comcast Corporation (NASDAQ:CMCSA) has invested more than $20 billion since 2018. In December 2024, the company shifted its 5G wireless core to Amazon Web Services (AWS). This move from on-premise infrastructure to a cloud-based network will allow Xfinity Mobile and Comcast Business Mobile to offer customers more scalable, secure, and cost-effective 5G wireless services using Comcast’s licensed spectrum across the country.

The company is also making moves to enhance its media and cable services. Comcast Corporation (NASDAQ:CMCSA) announced an 11-year deal to present NBA and WNBA games starting with the 2025-26 season. The company also announced its plans to spin off select cable television networks.

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