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Highlights
- This year, the S&P/ TSX Capped Communication Services Index has gained almost 18 per cent.
- A cable stock mentioned here swelled by over 67 per cent year-to-date.
- A media stock listed below media stock zoomed by nearly 43 per cent YTD.
Canadian investors searching for stocks with significant returns can explore communication service companies, depending upon their investment goals and risk profile.
This year, the S&P/ TSX Capped Communication Services Index has gained almost 18 per cent.
So, let us explore some of the top TSX and TSXV-listed communication stocks of 2021.
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1. Shaw Communications Inc (TSX: SJR.B)
Canadian cable operator Shaw Communications Inc offers internet, television and landline services.
The telecom company posted an increased revenue of C$ 1.37 billion in Q4 FY2021, up by 2.1 per cent year-over-year (YoY). Its net income increased by 44 per cent YoY to C$ 252 million in the fourth quarter of fiscal 2021.
It is also expected to deliver C$ 0.099 apiece as monthly dividend on December 30.
Stocks of Shaw Communications swelled by over 67 per cent on a year-to-date (YTD) basis. The cable stock closed at C$ 37.41 apiece on Monday, December 20.
Also read: 2 top dividend-paying telecom stocks to buy & hold
2. Thunderbird Entertainment Group Inc (TSXV:TBRD)
Thunderbird Entertainment Group Inc, a fully integrated media firm, saw its revenue surge by 77 per cent YoY to C$ 35.1 million in the first quarter of fiscal 2022. Its net income amounted to C$ 1.88 million in Q4 FY2022, up from C$ 1.38 million in the same quarter a year ago.
TBRD scrip closed at C$ 4.57 apiece on December 20. The media stock zoomed by nearly 43 per cent YTD.
3. Cineplex Inc (TSX: CGX)
Cineplex Inc saw its revenue surge by over 310 per cent YoY in Q3 FY2021. Its third quarter revenue was C$ 250.4 million in fiscal 2021.
It posted theatre attendance of 8.3 million in the latest quarter, which indicated a YoY surge of over 429 per cent.
The media-diversified company saw its stock close at C$ 12.59 per share on December 20. Its stock delivered a YTD return of almost 36 per cent.
4. BCE Inc (TSX: BCE)
BCE Inc is a Montreal-based telecom operator that provides wireless services and the internet. It also owns and manages media assets like television, radio etc.
BCE recorded net earnings of C$ 813 million in the third quarter of fiscal 2021, which indicated a rise of 9.9 per cent YoY. It is also set to dole out a quarterly dividend of C$ 0.875 per share on January 15, 2022.
BCE stock closed at C$ 65.69 per share on December 20. The telecommunication stock jumped by nearly 21 per cent YTD.
5. TELUS Corporation (TSX: T)
Telecom giant TELUS Corporation reported a net income of C$ 358 million in Q3 FY2021 compared to C$ 321 million in Q3 2020.
The Vancouver-headquartered company is scheduled for a quarterly dividend payment of C$ 0.327 per share on January 4, 2022.
Telus stock closed at C$ 29.73 per share on December 2o. The telecom stock surged by nearly 18 per cent this year.
Bottom line
As the COVID-19 pandemic continues to remain the cause of economic worries, investors should carefully evaluate the return capabilities and growth prospects of a company to fetch substantial profits in future.
Also read: 5 top Canadian renewable stocks of 2021
