11 Best Communication and Media Stocks to Buy According to Analysts

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8. United States Cellular Corporation (NYSE:USM)

Average Price Target Upside Potential According to Analysts: 33.23%

Number of Hedge Fund Holders: 21

United States Cellular Corporation (NYSE:USM) is an American mobile network operator that provides a comprehensive range of wireless products and services and a strong, reliable network. With 4.5 million retail connections in 21 states, it is one of the largest full-service wireless carriers in the US. United States Cellular Corporation (NYSE:USM) owns a network of more than 4,000 towers that are available for asset sharing and leasing. The towers are located in strategic locations that offer reliable coverage, also in rural areas. USM is one of the best communication stocks to buy.

The company is making strategic moves to optimize its structure. In May 2024, United States Cellular Corporation (NYSE:USM) entered into an agreement to sell its wireless operations and select spectrum assets to T-Mobile. This transaction, which is expected to conclude in mid-2025, excludes United States Cellular Corporation’s (NYSE:USM) 4,400 towers, equity method investments, and approximately 70% of the corporation’s spectrum assets. To focus its resources better, the company has entered into several other transactions. In October, United States Cellular Corporation (NYSE:USM) announced a sale of select spectrum assets for $1 billion. The company also entered into additional spectrum sales to 2 other network operators.

Additionally, over the past few years, United States Cellular Corporation (NYSE:USM) made strategic investments to enhance its network and improve 5G coverage in its footprint. Looking ahead, the company’s future network investments are expected to be aimed at the deployment of mid-band spectrum to enhance 5G speed and capacity.

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