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9 top communication stocks to buy in 2024

Ready to invest in the online and telecommunication industry? Learn how to invest in communication stocks in just a few steps.

The best communication stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top online and telecommunication stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. AT-and-T (T)
  2. Slack Technologies (WORK)
  3. Verizon Communications (VZ)
  4. Zoom Video Communications (ZM)
  5. Comcast (CMCSA)
  6. American Tower (AMT)
  7. Atlassian (TEAM)
  8. United States Cellular Corporation (USM)
  9. Microsoft Corporation (MSFT)

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How to invest in communication stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like T or WORK.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into communication stocks

If you're interested in investing in the online and telecommunication industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. AT-and-T (T)

AT&T Inc. provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America.

AT-and-T stock opened the day at $17.59 after a previous close of $17.67. The latest price was $17.65 (25-minute delay). AT-and-T is listed on the NYSE, has a trailing 12-month revenue of around USD122.3 billion and employs 148,290 staff.

  • Market capitalization: $126,696,898,560
  • P/E ratio: 9.5
  • PEG ratio: 1.2716

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2. Slack Technologies (WORK)

Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model.

Slack Technologies is listed on the NYSE, has a trailing 12-month revenue of around USD$974.3 million and employs 2,597 staff.

  • Market capitalization: $26,519,519,232

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3. Verizon Communications (VZ)

Verizon Communications Inc. , through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

Verizon Communications stock opened the day at $39.48 after a previous close of $39.78. The latest price was $39.67 (25-minute delay). Verizon Communications is listed on the NYSE, has a trailing 12-month revenue of around USD$134 billion and employs 104,400 staff.

  • Market capitalization: $167,401,881,600
  • P/E ratio: 14.8951
  • PEG ratio: 1.093

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4. Zoom Video Communications (ZM)

Zoom Video Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.

Zoom Video Communications stock opened the day at $57.93 after a previous close of $57.94. The latest price was $57.74 (25-minute delay). Zoom Video Communications is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.6 billion and employs 7,420 staff.

  • Market capitalization: $18,717,444,096
  • P/E ratio: 22.3321
  • PEG ratio: 4.7503

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5. Comcast (CMCSA)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

Comcast stock opened the day at $37.37 after a previous close of $37.58. The latest price was $37.44 (25-minute delay). Comcast is listed on the NASDAQ, has a trailing 12-month revenue of around USD$121.9 billion and employs 186,000 staff.

  • Market capitalization: $146,900,697,088
  • P/E ratio: 9.931
  • PEG ratio: 0.642

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6. American Tower (AMT)

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U. S. data center facilities. . . . .

American Tower stock opened the day at $194.93 after a previous close of $195.16. The latest price was $197.03 (25-minute delay). American Tower is listed on the NYSE, has a trailing 12-month revenue of around USD$11.2 billion and employs 5,643 staff.

  • Market capitalization: $91,891,343,360
  • P/E ratio: 44.5204
  • PEG ratio: 1.3963

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7. Atlassian (TEAM)

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams. The company also offers Jira Service Management, an intuitive and flexible service desk product for creating and managing service experiences for various service team providers, such as IT, legal, and HR teams; and Jira Align, an Atlassian's enterprise agility solution designed to help businesses to adapt and respond dynamic business conditions with a focus on value-creation.

Atlassian stock opened the day at $157.49 after a previous close of $156.02. The latest price was $160.09 (25-minute delay). Atlassian is listed on the NASDAQ, has a trailing 12-month revenue of around USD$4.2 billion and employs 11,902 staff.

  • Market capitalization: $41,816,870,912
  • PEG ratio: 2.6736

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8. United States Cellular Corporation (USM)

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.

United States Cellular Corporation stock opened the day at $51.83 after a previous close of $52.32. The latest price was $53.27 (25-minute delay). United States Cellular Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$3.9 billion and employs 4,300 staff.

  • Market capitalization: $4,802,162,688
  • P/E ratio: 82.2941
  • PEG ratio: 1.0859

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9. Microsoft Corporation (MSFT)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications.

Microsoft Corporation stock opened the day at $438.28 after a previous close of $441.58. The latest price was $442.57 (25-minute delay). Microsoft Corporation is listed on the NASDAQ, has a trailing 12-month revenue of around USD$236.6 billion and employs 221,000 staff.

  • Market capitalization: $3,278,094,467,072
  • P/E ratio: 38.187
  • PEG ratio: 2.1103

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Bottom line

While it’s possible to turn a profit investing in communication stocks, keep in mind that — like any investment — communication stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the online and telecommunication industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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