5 Best Communication Stocks To Invest In

3. Charter Communications, Inc. (NASDAQ:CHTR)

Number of Hedge Fund Holders: 74   

Charter Communications, Inc. (NASDAQ:CHTR) operates as a broadband connectivity firm. It has expanded in the internet and mobile markets recently, growing revenue in the two areas by 14% and 65% in the first three quarters of 2021. Charter Communications, Inc. (NASDAQ:CHTR) serves over 31 million customers and the rollout of 5G could increase this number significantly in the coming months. 

Charter Communications, Inc. (NASDAQ:CHTR) smashed market estimates on earnings per share and revenue for the third quarter by $0.75 and $190 million, respectively. Analysts expect free cash flow margins of Charter Communications, Inc. (NASDAQ:CHTR) to increase in the coming months as the management finds more ways of self-installation of services. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Charter Communications, Inc. (NASDAQ:CHTR) was one of them. Here is what the fund said:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included communication services, where Charter trailed after generating robust returns earlier in the recovery.”