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Serhii Bondarenko's Avatar
published in Blogs
Aug 20, 2023

1-Month Broadband Stocks Surge +16.9%: $CCOI, $VZ, $T, & More

Theme: Broadband Industry

Choppy Market Trader, Popular Stocks: Market Neutral Strategy (TA&FA) Annualized Return + 113%
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Day Trader, Popular Stocks: Price Action Trading Strategy (TA&FA) Annualized Return + 113%
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Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA) Annualized Return + 95%
Theme Broadband +16.9%, 1 Month Change
$CCOI $VZ $T $CMCSA $CNSL $CHTR $TDS $ATUS $TIGO

Broadband refers to telecommunication services for data transmission. This includes both wired and wireless methods of transmitting data, such as through fiber optic cables or satellite connections. The industry is vital for widespread access to Internet and telephone services. With a positive outlook based on various indicators, the Broadband sector has shown potential for growth, particularly within a 1-month change showing a gain of +16.9%.

Group of Tickers

Within the Broadband theme, the following tickers represent significant players: $CCOI, $VZ, $T, $CMCSA, $CNSL, $CHTR, $TDS, $ATUS, $TIGO

Positive Outlook

Stocks in the group have been marked with a positive outlook, backed by the MA50 Indicator. During the last month, the daily ratio of advancing to declining volumes stood at 1.19 to 1. The TrendMonth indicator has confirmed this positive outlook for five stocks in the group, with average odds of 63%.

Short Descriptions of Selected Tickers

1. Comcast Corp (NASDAQ:CMCSA)

Comcast Corp is a leading player in the Broadband segment with the highest valuation in the group at $190.7B. It was a top weekly gainer, with a +5.46% jump on 7/29/23. Comcast is widely recognized for its innovative technology and customer reach in the industry.

2. Verizon Communications (NYSE:VZ)

With a strong market presence, Verizon Communications offers a range of wireless and wired broadband services. Its commitment to expanding accessibility and delivering top-tier services makes it a significant part of the Broadband theme.

3. Altice USA Inc. (ATUS)

Altice USA has faced some recent challenges, experiencing declines in the past weeks. Despite this, its consistent volume growth and investment in technology put it in the limelight within the Broadband sector. The stock's record-breaking daily growth of 146% of the 65-Day Volume Moving Average on 6/24/23 emphasizes its market dynamism.

Key Market Insights

  • Market Cap: The average market capitalization across the group is 56B, with CMCSA holding the highest valuation and CNSL at the lowest at 461.8M.
  • Price Notable News: The average monthly price growth for the group was 16.9%, with TDS experiencing the highest growth at 3.85%, and ATUS the biggest fall at -7.54%.
  • Volume Analysis: The average weekly volume growth across all stocks in the group was 2.99%, showcasing the market's interest in these stocks.
  • Fundamental Analysis Ratings: Ratings in this segment are as follows - Valuation Rating: 53, P/E Growth Rating: 51, Price Growth Rating: 48, and SMR Rating: 53.

The Broadband theme represents a crucial aspect of modern telecommunication. With major players such as Comcast, Verizon, and Altice USA, the sector shows positive indicators for future growth. Investments and innovations in this field will likely continue to drive competition and opportunities within the industry.

Related Ticker: CCOI, VZ, T, CMCSA, CNSL, CHTR, TDS, ATUS, TIGO

CCOI saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for CCOI moved out of overbought territory on March 20, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 67 similar instances where the indicator exited the overbought zone. In of the 67 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 20, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CCOI as a result. In of 100 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

CCOI moved below its 50-day moving average on February 27, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CCOI crossed bearishly below the 50-day moving average on March 05, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CCOI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CCOI entered a downward trend on March 20, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CCOI's RSI Indicator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CCOI just turned positive on March 20, 2025. Looking at past instances where CCOI's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CCOI advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .

CCOI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.163) is normal, around the industry mean (4.789). P/E Ratio (2.411) is within average values for comparable stocks, (115.978). Projected Growth (PEG Ratio) (1.941) is also within normal values, averaging (8.215). Dividend Yield (0.059) settles around the average of (0.059) among similar stocks. P/S Ratio (3.263) is also within normal values, averaging (13.629).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CCOI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Verizon Communications (NYSE:VZ), Comcast Corp (NASDAQ:CMCSA), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 17.51B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 1%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 33%. PHRZF experienced the highest price growth at 1,100%, while TKC experienced the biggest fall at -13%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was -33%. For the same stocks of the Industry, the average monthly volume growth was -24% and the average quarterly volume growth was -63%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 55
Price Growth Rating: 52
SMR Rating: 72
Profit Risk Rating: 78
Seasonality Score: 8 (-100 ... +100)
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published General Information

General Information

a provider of broadband internet services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Specialty Telecommunications
Address
2450 N Street North West
Phone
+1 202 295-4200
Employees
1947
Web
https://www.cogentco.com
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