5 Best Telecom Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 96    

T-Mobile US, Inc. (NASDAQ:TMUS) provides mobile communications services. The firm features on the list of best communications stocks to invest in. On September 26, the firm announced that it had extended a long-standing partnership with Assurant to continue providing comprehensive mobile device protection solutions. Over the last ten years, the two companies have leveraged innovation and agility to enhance the device ownership experience for customers.

On September 9, investment advisory Raymond James maintained a Strong Buy rating on T-Mobile US, Inc. (NASDAQ:TMUS) stock and raised the price target to $178 from $175. Analyst Ric Prentiss issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in T-Mobile US, Inc. (NASDAQ:TMUS), with 9.2 million shares worth more than $1.2 billion.

In its Q4 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:

“As mentioned, the communication services sector has come under some pressure, and irrational pricing competition has negatively impacted wireless industry growth and profitability of late, weighing on T-Mobile US, Inc. (NASDAQ:TMUS). Faced with these headwinds, and with pressure from other wireless carriers and cable companies that could cause the company to cede share in subscriber growth in 2022, we exited our position in the fourth quarter.”

You can also take a peek at 11 Best Bitcoin Stocks to Buy Now and Analysts are Downgrading These 10 Stocks.

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