Invest in telco stocks: A list of telco stocks to buy in 2024

The best telco 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.

5 popular telco stocks picks to buy in 2024

We round up a selection of stocks in or related to the telco industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. Zoom Video Communications (ZM)
2. Verizon Communications (VZ)
3. T-Mobile US (TMUS)
4. Cisco Systems (CSCO)
5. Telecom Argentina SA ADR (TEO)

Not sure which stock to invest in? Choose a stock picking service

Stock picking services use algorithms, data analytics and expert insights to identify promising stocks, aiding investors in strategic decision-making.

If you don't have the time or expertise to research stocks on your own, consider stock picking services and research tools to help you choose.

Take a deeper dive into telco stocks

If you're interested in investing in the telco 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.

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1. 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 $61.44 after a previous close of $61.04. The latest price was $62.00 (25-minute delay). Zoom Video Communications is listed on the NASDAQ, has a trailing 12-month revenue of around USD4.5 billion and employs 7,420 staff.

• Market capitalization: $18,961,074,176
• P/E ratio: 29.7826
• PEG ratio: 4.7503

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2. 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 $39.06 after a previous close of $39.22. The latest price was $39.68 (25-minute delay). Verizon Communications is listed on the NYSE, has a trailing 12-month revenue of around USD$134 billion and employs 105,400 staff.

• Market capitalization: $166,213,419,008
• P/E ratio: 14.7903
• PEG ratio: 1.093

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3. T-Mobile US (TMUS)

T-Mobile US, Inc. , together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services.

T-Mobile US stock opened the day at $162.21 after a previous close of $164.05. The latest price was $163.96 (25-minute delay). T-Mobile US is listed on the NASDAQ, has a trailing 12-month revenue of around USD$78.6 billion and employs 67,000 staff.

• Market capitalization: $194,860,318,720
• P/E ratio: 23.6912
• PEG ratio: 0.8142

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4. Cisco Systems (CSCO)

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

Cisco Systems stock opened the day at $47.64 after a previous close of $48.10. The latest price was $47.86 (25-minute delay). Cisco Systems is listed on the NASDAQ, has a trailing 12-month revenue of around USD$57.2 billion and employs 84,900 staff.

• Market capitalization: $195,778,330,624
• P/E ratio: 14.696
• PEG ratio: 3.4315

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5. Telecom Argentina SA ADR (TEO)

Telecom Argentina S. A. , together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.

Telecom Argentina SA ADR stock opened the day at $7.70 after a previous close of $7.62. The latest price was $7.99 (25-minute delay). Telecom Argentina SA ADR is listed on the NYSE, has a trailing 12-month revenue of around USD$2.1 trillion and employs 21,262 staff.

• Market capitalization: $3,441,596,416
• PEG ratio: 1.15

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How to invest in telco stocks

1. Choose a stock trading platform. If you don't already have a stock trading account, go straight to the best stock trading apps of 2024 and choose one.
2. Go through the sign up process. Sign up for an account by providing your personal information.
3. Set up a funding method. Once you are all set up for transactions, you can 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 ZM or VZ.
5. Place your order. Buy the stock. It's that simple.

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Bottom line

While it’s possible to turn a profit investing in telco stocks, keep in mind that — like any investment — telco stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the telco 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.

A to Z list of telco stocks