5 Best Communication Stocks To Invest In

1. T-Mobile US, Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 89  

2022 is expected to be a breakthrough year for T-Mobile US, Inc. (NASDAQ:TMUS) with regards to 5G rollout. Analysts expect T-Mobile US, Inc. (NASDAQ:TMUS) to be the industry leader in the US with respect to 5G coverage after the merger with Sprint. A drop in share price over the past few months offers a compelling opportunity for investors to take advantage of the 5G boom. Hedge funds seem bullish on T-Mobile US, Inc. (NASDAQ:TMUS) stock as well. 

Greenwich-based investment firm Viking Global is a leading shareholder in T-Mobile US, Inc. (NASDAQ:TMUS) with 10 million shares worth more than $1.3 billion. 

On December 16, JPMorgan named T-Mobile US, Inc. (NASDAQ:TMUS) among the best long-term ideas due to “operating efficiencies and substantial synergy” that were expected to drive strong cash flow growth for the firm in the coming years. The advisory highlighted the growth opportunities for T-Mobile US, Inc. (NASDAQ:TMUS) in the fixed wireless market as well. JPMorgan has an Overweight rating and a $175 price target on the stock. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and T-Mobile US, Inc. (NASDAQ:TMUS) 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 T-Mobile trailed after generating robust returns earlier in the recovery.”

You can also take a peek at 12 Best Marijuana Stocks to Invest In and 13 Best Hemp Stocks to Buy Now.

Follow Insider Monkey on Twitter