Published on 30 Aug 2021 on Zacks via Yahoo Finance
3 Communication Stocks Set to Ride on 5G Infrastructure Upgrade
The Zacks Diversified Communication Services industry appears to be mired in demand volatility as consumers prefer to switch to low-priced alternatives to tide over the coronavirus-induced adversities. Moreover, high capital expenditures for 5G infrastructure upgrade, unpredictable raw material prices, supply-chain disruptions owing to chip shortage, and margin erosion due to price wars have dented the industry’s profitability.Swisscom AG SCMWY, VEON Ltd. VEON and Cincinnati Bell Inc. CBB are likely to benefit in the long run from higher demand for scalable infrastructure for seamless connectivity amid wide proliferation of IoT, driven by faster pace of 5G deployment.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cincinnati Bell Inc (CBB) : Free Stock Analysis Report Swisscom AG (SCMWY) : Free Stock Analysis Report VEON Ltd. (VEON) : Free Stock Analysis Report To read this article on Zacks.com click here.