Top communication stocks to explore under US$120 in October

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Top communication stocks to explore under US$120 in October

 Top communication stocks to explore under US$120 in October
Image source: Blue Planet Studio,Shutterstock

Highlights

  • The total operating revenue of Verizon Communications Inc. (NYSE: VZ) surged 10.9% YoY in Q2, FY21.

  • T-Mobile US, Inc’s (NASDAQ: TMUS) total revenue increased by 13% YoY in Q2, FY21.

  • Comcast Corporation (NASDAQ: CMCSA) has announced a new Spam Blocker for Xfinity Voice.

The communication stocks have been on investors' focus recently, as they look for top stocks in the last quarter of 2021. In addition, most investors are familiar with the services and products the sector provides; hence these stocks have been drawing attention.

With the economy improving from the pandemic, the communication sector is emerging as one of the major focus areas of Wall Street investors, mainly after it helped businesses to continue operations with their innovative products and services during the pandemic.

Here we explore some of the trending communication stocks.

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AT&T Inc. (NYSE: T)

AT&T Inc. is a telecommunications holding company based in Dallas, Texas. It provides various telecommunication, media, and technology services across the globe.

The company has given a contract to Swedish telecommunication firm Ericsson to help build its 5G network in the US, Ericsson said on Monday. AT&T plans to launch its 5G network using Ericsson's apparatus.

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The shares of the company traded at US$25.70 at 9:59 am ET on October 12, down by 1.27% from its closing price of October 11. Its stock value decreased by 11.58% YTD.

The firm has a market cap of US$184.66 billion and a forward P/E one year of 7.79. Its EPS is US$-0.31.

The 52-week highest and lowest stock prices were US$33.88 and US$26.03, respectively. Its trading volume was 64,547,520 on October 11.

The total adjusted revenue of the company was US$44.04 billion in Q2, FY21, compared to US$40.95 billion in the same quarter of the previous year. Its net income came in at US$1.5 billion, compared to US$1.2 billion in Q2, FY20.

Communication stocks to watch in October: AT&T, Verizon, T-Mobile, Comcast, BCE Inc.

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Verizon Communications Inc. (NYSE: VZ)

Verizon is a telecommunication conglomerate headquartered in New York. It provides a range of communication, information, and entertainment services and products for consumers and businesses.

The stock of the company was priced at US$51.425 at 11:37 am ET on October 12, down by 1.45% from its previous closing price. The VZ stock fell 11.33% YTD.

The market cap of the company is US$212.71 billion, the P/E ratio is 10.64, and the forward P/E one year is 9.83. Its EPS is US$4.83.

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The 52-week highest and lowest stock prices were US$61.95 and US$51.98, respectively. Its share volume on October 11 was 32,088,450.

The company will release its third-quarter results on October 20.

The total operating revenue of the company was US$33.76 billion in Q2, FY21, representing an increase of 10.9% from the same quarter of the previous year. Its net income came in at US$5.94 billion, compared to US$4.83 billion in Q2, FY20.

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

T-Mobile is a communication company that provides various wireless communication services to its users. It is based in Bellevue, Washington.

The shares of the company traded at US$117.83 at 11:48 am ET on October 12, up 0.55% from its closing price of October 11. Its stock value declined 11.51%t YTD.

The firm has a market cap of US$147.23 billion, a P/E ratio of 37.81, and a forward P/E one year of 48.43. Its EPS is US$3.12.

The highest and lowest prices of the stocks for the last 52 weeks were US$150.20 and US$107.56, respectively. Its trading volume was 9,884,182 on October 11.

The company's total revenue surged 13% YoY to US$20.0 billion in Q2, FY21. Its net income was US$978 million, an increase of around eight times from the same quarter of the prior year.

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Comcast Corporation (NASDAQ: CMCSA)

Comcast is a media and technology company based in Philadelphia, Pennsylvania. It provides a range of communication services like internet, voice, video, security, automation solutions, etc.

Recently, one of Comcast's European pay-TV services subsidiaries, Sky, announced a new streaming TV that would connect the set-top box through WIFI rather than a satellite dish.

Meanwhile, on Tuesday, the company announced a new Spam Blocker feature for Xfinity Voice that would enable its customers to control unwanted spam, robocalls, and other spam. It can also block inbound spam calls.

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The stock of the company was priced at US$51.89 at 11:54 am ET on October 12, down by 0.63% from its previous closing price. The CMCSA stock rose 3.39% YTD.

The market cap of the company is US$238.34 billion, the P/E ratio is 19.38, and the forward P/E one year is 16.68. Its EPS is US$2.68.

The 52-week highest and lowest stock prices were US$61.80 and US$40.97, respectively. Its share volume on October 11 was 31,934,920.

The company will report its third-quarter results on Thursday, Oct 28, before the opening bell.

The company's revenue increased by 20.4% YoY to US$28.54 billion in Q2, FY21. Its attributable net income came in at US$3.73 billion compared to US$2.98 billion in the year-ago quarter.

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Top communication stocks to explore under US$120 in October.

Source: Pixabay

BCE, Inc. (NYSE: BCE)


BCE, Inc. is a Canadian mass media and telecommunication company. It provides wireless and data communication services to users.

 

The shares of the company traded at US$50.60 at 12:02 pm ET on October 12, down by 0.02% from its closing price of October 11. Its stock value grew 17.7%t YTD.

The firm has a market cap of US$45.81 billion, a P/E ratio of 20.23, and a forward P/E one year of 19.93. Its EPS is US$2.50.

The 52-week highest and lowest stock prices were US$53.00 and US$39.91, respectively. Its trading volume was 454,997 on October 11.

The operating revenue of the firm soared 6.4% YoY to US$5.69 billion in Q2, FY21. Its net earnings were US$734 million compared to US$294 million in Q2, FY20.

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Bottomline


US stocks markets have been volatile over the past two months amid inflation and supply concerns. The S&P 500 communication sector rose 20.99% YTD while increasing 0.17% QTD. However, investors should evaluate the stocks carefully before investing.

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