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Highlights:
- AT&T Inc. (NYSE:T) reported a net income of US$4.8 billion in Q1, FY22.
- Omnicom Group Inc. (NYSE:OMC) gave a return of over 7% YTD.
- T-Mobile US, Inc. (NASDAQ:TMUS) revenue increased by 1.8% YoY in Q1, FY22.
The communication stocks provide mobile and internet networks, media and video-streaming services and other related solutions. While IT firms use computers and software to aid businesses in staying connected, communication companies offer infrastructure for information distribution.
The sector has grown rapidly in recent years, but its pace accelerated during the pandemic when the work-from-home trend and the demand for communication services peaked.
Here we discuss the five top S&P 500 communication services stocks worth exploring.
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AT&T Inc. (NYSE:T)
AT&T is one of the leading multinational conglomerate firms that focus on providing telecommunication and mobile services in the US. The company is based in Dallas, Texas.
The shares of the company traded at US$20.31 at 2:12 pm ET on May 18, down 1.26% from their closing price of May 17. Its stock value increased by 3.42% YTD.
The firm has a market cap of US$145.22 billion, a P/E ratio of 8.56, and a forward one-year P/E ratio of 8.10. Its EPS is US$2.37.
The 52-week highest and lowest stock prices were US$30.24 and US$18.81, respectively. Its trading volume was 42,938,440 on May 17.
The company reported a revenue of US$38.1 billion in Q1, FY22, as compared to US$43.9 billion in the year-ago quarter. Its net income attributable to common shareholders came in at US$4.8 billion, or US$0.65 per diluted share, against an income of US$7.5 billion, or US$1.02 per diluted share in Q1, FY21.
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Source: Pixabay
Omnicom Group Inc. (NYSE:OMC)
Omnicom Group is a media, marketing, and corporate communications holding firm that provides various services in advertisement, customer relationship management, etc., to its clients. It is based in New York.
The stock of the company traded at US$77.28 at 2:17 pm ET on May 18, down 2.96% from its previous closing price. The OMC stock rose 7.78% YTD.
The market cap of the company is US$15.95 billion, the P/E ratio is 12.86, and the forward one-year P/E ratio is 12.08. Its EPS is US$6.03.
The stock saw the highest price of US$91.61 and the lowest price of US$65.76 in the last 52 weeks. Its share volume on May 17 was 1,279,841.
The company reported a revenue of US$3.41 billion in Q1, FY22, versus US$3.42 billion in the same quarter of the previous year. Its net income came in at US$173.8 million, or US$0.83 per diluted share, against an income of US$287.8 million, or US$1.33 per diluted share in Q1, FY21.
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T-Mobile US, Inc. (NASDAQ:TMUS)
T-Mobile US is a telecommunication firm that specializes in wireless network services. It is based in Bellevue, Washington.
The shares of the company traded at US$126.28 at 2:20 pm ET on May 18, down 1.82% from their closing price of May 17. Its stock value increased by 12.4% YTD.
The firm has a market cap of US$158.20 billion, a P/E ratio of 56.34, and a forward one-year P/E ratio of 48.54. Its EPS is US$2.24.
The 52-week highest and lowest stock prices were US$150.20 and US$101.51, respectively. Its trading volume was 3,884,879 on May 17.
The company's total revenue surged 1.8% YoY to US$20.12 billion in Q1, FY22. Its net income came in at US$713 million, or US$0.57 per diluted share, against an income of US$933 million, or US$0.74 per diluted share in Q1, FY21.
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Activision Blizzard, Inc. (NASDAQ:ATVI)
Activision Blizzard is a video game publishing company that provides interactive online gaming content. The company is based in Santa Monica, California.
The stock of the company traded at US$78.235 at 2:25 pm ET on May 18, down 0.39% from its previous closing price. The ATVI stock surged 16.49% YTD.
The market cap of the company is US$61.11 billion, the P/E ratio is 24.74, and the forward one-year P/E ratio is 29.31. Its EPS is US$3.16.
The stock saw the highest price of US$99.46 and the lowest price of US$56.40 in the last 52 weeks. Its share volume on May 17 was 4,087,189.
The company reported total net revenue of US$1.76 billion in Q1, FY22, as compared to US$2.27 billion in the same quarter of the prior year. Its net income came in at US$395 million, or US$0.50 per diluted share, against an income of US$619 million, or US$0.79 per diluted share in Q1, FY21.
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Paramount Global (NASDAQ:PARA)
Paramount Global is one of the leading mass media and entertainment conglomerate firms based in New York. It creates content for the global audience.
The shares of the company traded at US$31.52 at 2:48 pm ET on May 18, down 2.48% from their closing price of May 17. Its stock value increased by 0.25% YTD.
The firm has a market cap of US$20.51 billion, a P/E ratio of 5.17, and a forward one-year P/E ratio of 12.15. Its EPS is US$6.11.
The 52-week highest and lowest stock prices were US$47.45 and US$26.11, respectively. Its trading volume was 27,198,900 on May 17.
The company's revenue was US$7.32 billion in Q1, FY22, as compared to US$7.41 billion in the year-ago quarter. Its attributable net income came in at US$433 million, or US$0.64 per diluted share, against an income of US$911 million, or US$1.44 million in Q1, FY21.
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Bottom line:
The information technology and communication services sectors were hit by various uncertainties this year even as the economies worldwide braced for a downturn. Investors took shelter in haven assets as the mega-cap stocks retreated from their pole positions a year ago. The S&P 500 Communication Services sector declined 24.39% YTD while decreasing 19.29% over the past 12 months. Hence, investors should closely evaluate the companies before spending on stocks.
