5 Best Communication Stocks To Invest In

2. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 75

Comcast Corporation (NASDAQ:CMCSA) is a media and technology firm. Pivotal Research analyst Jeffrey Wlodarczak has a Buy rating on Comcast Corporation (NASDAQ:CMCSA) stock with a price target of $62. The shares are trading relatively cheap when viewed in context of industry-leading margins, share buybacks, and strong operating performance of Comcast Corporation (NASDAQ:CMCSA). The firm also has an impressive dividend history with 13 years of consecutive payouts that have been increasing for the past four years. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Eagle Capital Management is a leading shareholder in Comcast Corporation (NASDAQ:CMCSA) with 28 million shares worth more than $1.6 billion. 

In its Q1 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and Comcast Corporation (NASDAQ:CMCSA) was one of them. Here is what the fund said:

“Comcast is the Largest cable provider in the U.S. and is the dominant internet access provider in the markets it serves. Though Comcast will likely see further declines in cable subscriptions due to ongoing cord-cutting, it should be able to off set that lost revenue by growing internet access customers and instituting higher pricing. The pandemic has increased the importance of a fast internet connection, with more content streaming to homes at increasingly higher quality. Comcast made significant upgrades early on, allowing it to quickly deploy new technology and increase speeds to meet the evolving needs of its customers.”