In this piece, we will take a look at five cheap internet stocks to buy now. For more internet stocks, head on over to 12 Cheap Internet Stocks to Buy Now.
5. Proximus PLC (OTCMKTS:BGAOY)
Latest P/E Ratio: 6
Proximus PLC (OTCMKTS:BGAOY) is a Belgian company that is headquartered in Brussels, Belgium. The firm has operations all over the world and a diverse product portfolio. It provides networking, cybersecurity, and information communication technology services to internet companies and other businesses. Additionally, Proximus PLC (OTCMKTS:BGAOY) also offers internet and mobile broadband services to both retail and business customers.
4. Cogeco Inc. (OTCMKTS:CGECF)
Latest P/E Ratio: 5.8
Cogeco Inc. (OTCMKTS:CGECF) is a Canadian company that operates out of Quebec, Canada. The firm has a variety of different internet products and services in its portfolio which includes video calls, broadband coverage, and two way broadband networks that cover residential and business customers. It has a relatively low price to earnings ratio of 5.8, making it a great cheap internet stock.
3. KT Corporation (NYSE:KT)
Latest P/E Ratio: 5.77
KT Corporation (NYSE:KT) is a South Korean firm that is headquartered in Seongnam-si, South Korea. It provides electronic commerce, online advertising, internet banking, voice over internet protocol (VoIP) telephony, and broadband internet packages as well as other services.
By the end of 2022’s fourth quarter, 10 of the 943 hedge funds part of Insider Monkey’s database had invested in KT Corporation (NYSE:KT). David Iben’s Kopernik Global Investors is the company’s largest investor since it owns 7.8 million shares that are worth $106 million.
Follow K T Corp (NYSE:KT)
Follow K T Corp (NYSE:KT)
2. Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság (OTCMKTS:MYTAY)
Latest P/E Ratio: 5.54
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság (OTCMKTS:MYTAY) is a Hungarian company headquartered in Budapest, Hungary. It provides mobile data plans, broadband internet packages, internet servers, and internet protocol (IT) management products. The firm’s full year 2022 earnings saw it weather the inflationary storm as it posted HUF 747 billion in revenue that marked a 8% annual growth. This surpassed the cost growth of 7% and boosted profitability.
1. VEON Ltd. (NASDAQ:VEON)
Latest P/E Ratio: 2.72
VEON Ltd. (NASDAQ:VEON) is a Dutch company headquartered in Amsterdam, Netherlands. It provides broadband and internet services to customers in several countries such as Ukraine, Bangladesh, Uzbekistan, and Georgia. The firm’s services include both wireless and fixed internet services. Additionally, it also sells equipment to allow users to access the Internet. VEON Ltd. (NASDAQ:VEON) is one of the largest carriers in the world, with more than two hundred customers.
Seven of the 943 hedge funds part of Insider Monkey’s database had bought a stake in VEON Ltd. (NASDAQ:VEON) during Q4 2022. Out of these, Himanshu H. Shah’s Shah Capital Management is the firm’s largest investor. It owns 85 million shares that are worth $41 million.
Follow Veon Ltd. (NASDAQ:VEON)
Follow Veon Ltd. (NASDAQ:VEON)
Disclosure: None. You can also take a look at 10 Best Used Car Stocks To Buy According to Hedge Funds and 11 Best Communication Stocks to Buy.
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