5 Best Telecom Stocks to Invest In

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

Number of Hedge Fund Holders: 100

T-Mobile US, Inc. (NASDAQ:TMUS) is an American provider of mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. It is one of the elite telecom stocks to consider. On December 12, T-Mobile US, Inc. (NASDAQ:TMUS) announced that it has enhanced its network coverage and capacity, in addition to deploying a new layer of 5G spectrum nationwide. 

On November 15, Tigress Financial analyst Ivan Feinseth raised the price target on T-Mobile US, Inc. (NASDAQ:TMUS) to $202 from $195 and reiterated a Buy rating on the shares. The company’s growing ability to leverage its “massive “5G high-speed network will continue to drive increasing customer gains and revenue growth”, the analyst told investors in a research note. The analyst noted that T-Mobile US, Inc. (NASDAQ:TMUS)’s leadership position in 5G continues to drive “industry-leading postpaid service revenue and cash flow growth.”

According to Insider Monkey’s Q3 data, 100 hedge funds were long T-Mobile US, Inc. (NASDAQ:TMUS), compared to 96 funds in the last quarter. Warren Buffett’s Berkshire Hathaway is the largest position holder in the company, with 5.2 million shares worth $703.3 million. 

In its Q4 2021 investor letter, ClearBridge Investments shared its stance on T-Mobile US, Inc. (NASDAQ:TMUS):

“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. 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.”

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