A Look Into Communication Services Sector Value Stocks
Portfolio Pulse from Benzinga Insights
The article discusses notable value stocks in the communication services sector, highlighting five companies with low price-to-earnings (P/E) multiples, suggesting they may be undervalued. Xunlei, Cogent Comms Hldgs, VEON, SK Telecom Co, and DISH Network are identified as value stocks. The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating their financial performance and attractiveness to value investors. Benzinga Insights selected these stocks based on quantified analysis.
January 01, 2024 | 2:44 pm
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POSITIVE IMPACT
SK Telecom Co has a P/E of 9.81 with an increase in EPS from $0.57 to $0.63, indicating improved profitability.
The increase in EPS for SK Telecom Co is a positive sign that could lead to a favorable short-term impact on its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
VEON has the lowest P/E at 2.78, with a decrease in EPS from $0.14 to $0.07, but an increased dividend yield to 11.03%.
While the EPS decrease is a negative sign, the high dividend yield increase could balance the short-term impact on VEON's stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Cogent Comms Hldgs has an extremely low P/E of 3.36 but experienced a significant decrease in EPS from $-0.67 to $-1.2, and a dividend yield decrease.
The substantial decrease in EPS and reduced dividend yield for Cogent Comms Hldgs could negatively affect investor sentiment and the stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
DISH Network has a low P/E of 2.98 but reported a negative EPS of $-0.26 compared to Q2's $0.31, which could worry investors.
The negative turn in EPS for DISH Network may lead to a pessimistic view among investors, likely impacting the stock price negatively in the short term.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Xunlei has a low P/E of 6.61 but saw a decrease in EPS from Q2's $0.13 to $0.08, indicating potential concerns over profitability.
The decrease in EPS for Xunlei may concern investors and could lead to a negative short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80