5 Value Stocks In The Communication Services Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights identifies five value stocks in the communication services sector based on low P/E ratios. DISH Network, Urban One, Hello Gr, Lendway, and Verizon Communications are highlighted for their value potential. DISH and Hello Gr saw a decrease in EPS, while Urban One, Lendway, and Verizon reported increases. However, value stocks carry the risk of not rebounding.
December 25, 2023 | 2:44 pm
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POSITIVE IMPACT
Lendway, with a P/E of 0.92, reported a dramatic increase in EPS from -$0.02 to $0.63 in Q3.
The impressive EPS growth could significantly boost investor confidence, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Urban One boasts a P/E of 2.73 with a significant increase in EPS from -$0.06 to $1.39.
The substantial increase in EPS could attract investors looking for undervalued stocks, potentially driving the price up in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Hello Gr, trading as MOMO, has a P/E of 5.3 with a slight decrease in EPS from $0.43 to $0.42.
The minor decrease in EPS is unlikely to have a significant impact on the stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Verizon Communications, with a P/E of 7.53, saw a slight EPS increase from $1.21 to $1.22, but a decrease in dividend yield.
The marginal EPS increase and decreased dividend yield may balance out, leading to a neutral short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
DISH Network has a low P/E of 2.57 but experienced a decrease in EPS from $0.31 to $-0.26.
The decrease in EPS could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80