The Telecommunications sector is changing rapidly as the companies use various new technologies to transmit the data globally. 2020 is the year of opportunities for the telecom industry as the telecommunications companies are preparing for the biggest technological advancements in this sector.  The continuous advancement in the telecom industry and with the evolution of 5G technology and the evolution of the internet of things will reshape the telecom sector.

The telecom sector has played a very important role in connecting people around the world as the coronavirus pandemic has paralyzed the global economy. People are now relying on the services provided by telecom and tech companies as the people now preferred to work from home.

These are the top best-performing companies in Telecom Services Industry:

AT&T Inc. (NYSE: T)

AT&T Inc. (NYSE: T) shares were trading down -1.57% at $28.91 at the time of writing on Thursday. AT&T Inc. (NYSE: T) share price went from a low point around $26.08 to briefly over $39.70 in the past 52 weeks, though shares have since pulled back to $28.91. T market cap has remained high, hitting $207.17B at the time of writing, giving it a price-to-sales ratio of more than 1.

AT&T Inc. (T) senior executive vice president and CFO, John Stephens has provided an update to shareholders in Bank of America Securities 2020 Media, Communications and Entertainment conference. Stephens said that AT&T remains confident in its ability to generate strong cash flows given the flexibility of wireless and broadband services and continued demand for business connectivity. If we look at the recent analyst rating T, Scotiabank downgraded coverage on T shares with a Sector underperform rating and a $32.40 price target, which implies room for 3.49% upside momentum this year.

Verizon Communications Inc. (NYSE: VZ)

Verizon Communications Inc. (NYSE: VZ) last closed at $59.53, in a 52-week range of $48.84 to $62.22. Verizon Response: Unlimited call/text/data for customers impacted by Oregon wildfires. Analysts have a consensus price target of $60.20. Verizon Communications Inc. (VZ) disclosed its plan earlier to enhance the gaming experience for those who want to play on the most awarded network with 5G Built for Gamers. The market cap of Verizon Communications has remained high, hitting $256.02 billion.

CenturyLink Inc. (NYSE: CTL)

CenturyLink Inc. (NYSE: CTL) stock drop by -2.85% to $10.55 after CenturyLink commits additional funding to provide computers for students and families. It is planning to promote education through technology by making computers more accessible to students and families for home learning, access to telehealth, and more with a $50,000 donation to PCs for People. It has announced that families and individuals will be able to order low-cost computers at $20 and will be able to ship those in their homes. The most recent rating by Oppenheimer, on July 15, 2020, is at a Perform.

Gogo Inc. (NASDAQ: GOGO)

Gogo Inc. (NASDAQ: GOGO) rose 2.33% after gaining more than $0.23 on Thursday. Gogo and GTCR Comment on Investment by GTCR. Gogo Inc. (GOGO) has disclosed that the affiliates of GTCR, a leading private equity firm have got 14%  interest in the common stock of Gogo Inc. Gogo Inc has a total market capitalization of $790.16 million at the time of writing. It has traded up 627.44% from its 52-weeks low and moved down -9.41% from its 52-weeks high.

VEON Ltd. (NASDAQ: VEON)

VEON Ltd. (NASDAQ: VEON) stock drop by 0.00% to $1.26. The most recent rating by UBS, on July 23, 2020, is at a Neutral. VEON Ltd. (VEON) VEON Holdings B.V, a subsidiary of VEON Ltd. (VEON) revealed earlier the pricing of its RUB 10 billion, approximately USD 133 million, 6.50% senior unsecured notes due 2025 in 144A / Reg S format issued under its Global Medium Term Note Programme established in April 2020. VEON aimed to enhance the capital structure of VEON by offering the notes. VEON Ltd. has a total market capitalization of $2.32 billion at the time of writing.

T-Mobile US Inc. (NASDAQ: TMUS)

T-Mobile US Inc. (NASDAQ: TMUS) Shares headed falling, lower as much as -1.31% after Buckle Up! T-Mobile Achieves Mind-Blowing 5G Speeds with MU-MIMO. The most recent rating by Scotiabank, on August 31, 2020, is at a Sector outperform. T-Mobile US Inc. (TMUS) has earlier introduced an all-new T-Mobile Business Partner Program. The new Partner Program altered the way channel partners work with T-Mobile, making it easier than ever to create value for customers.  T-Mobile US Inc. has remained high, hitting $138.95 billion at the time of writing.

Altice USA Inc. (NYSE: ATUS)

Altice USA Inc. (NYSE: ATUS) last closed at $26.50, in a 52-week range of $15.95 to $31.78. Altice USA to participate in the upcoming Goldman Sachs Conference on Tuesday, September 15. ATUS has a 52-weeks low range of $15.95 and a high range of $31.78. Looking at its liquidity, it has a current ratio of 0.70. Altice USA Inc. has a total market capitalization of $15.53 billion at the time of writing. Analysts have a consensus price target of $34.74.

Vodafone Group Plc (NASDAQ: VOD)

Vodafone Group Plc (NASDAQ: VOD) fall -2.85% after losing more than -$0.41 on Thursday. Vodafone Group Plc (VOD) head said that the plan of Italy to create a single fast broadband network in which Telecom Italia would hold a majority stake could be a retreat since it effectively amounted to renationalization and re-monopolization. Vodafone Group Plc has a total market capitalization of $38.01 billion at the time of writing.

Liberty Latin America Ltd. (NASDAQ: LILAK)

Liberty Latin America Ltd. (NASDAQ: LILAK) rose 1.67% after gaining more than $0.15 on Thursday. Liberty Latin America Ltd. Announces When-Issued Trading and Trading Symbol Information for the subscription rights offering. Liberty Latin America Ltd has a 52-weeks low range of $7.57 and a high range of $18.83. Liberty Latin America Ltd has a total market capitalization of $1.15 billion at the time of writing.

Vonage Holdings Corp. (NASDAQ: VG)

Vonage Holdings Corp. (NASDAQ: VG) last closed at $10.13, in a 52-week range of $4.18 to $13.16. Analysts have a consensus price target of $14.14. Vonage Holdings Corp. (VG) has appointed Rinaldo Huriptyo as Vice President and General Manager of Canadian Markets for its Applications Group. It has also announced that it will host a Vonage Convo Virtual event on September 17, 2020. Vonage Holdings Corp has a total market capitalization of $2.62 billion at the time of writing.

Zoom Video Communications Inc. (NASDAQ: ZM)

Zoom Video Communications Inc. (NASDAQ: ZM) Shares headed falling, lower as much as -1.33%. The most recent rating by Goldman, on September 01, 2020, is at a Neutral. Zoom Video Communications Inc. (ZM) has a 52-weeks low range of $60.97 and a high range of $478.00. Looking at its liquidity, it has a current ratio of 1.70. Zoom Video Communicatons Inc has a total market capitalization of $111.81 billion at the time of writing.

America Movil S.A.B. de C.V. (NYSE: AMX)

America Movil S.A.B. de C.V. (NYSE: AMX) last closed at $12.32, in a 52-week range of $10.12 to $18.03. Analysts have a consensus price target of $16.54. America Movil S.A.B. de C.V. (AMX) has a 52-weeks low range of $10.12 and a high range of $18.03. Looking at its liquidity, it has a current ratio of 0.80. America Movil S.A.B. de C.V. has a total market capitalization of $41.22 billion at the time of writing.

Mobile TeleSystems Public Joint Stock Company (NYSE: MBT)

Mobile TeleSystems Public Joint Stock Company (NYSE: MBT) stock drop by -1.57% to $8.80. The most recent rating by Goldman, on March 20, 2020, is at a Buy. Mobile TeleSystems Public Joint Stock Company (MBT) share price went from a low point around $6.20 to briefly over $11.00 in the past 52 weeks, though shares have since pulled back to $8.80.  Mobile TeleSystems Public Joint Stock Company market cap has remained high, hitting $8.76 billion at the time of writing.

Globalstar Inc. (AMEX: GSAT)

Globalstar Inc. (AMEX: GSAT) Shares headed rising, higher as much as 1.65%. The most recent rating by Chardan Capital Markets, on August 09, 2018, is at a Neutral. Globalstar Inc. (GSAT) share price went from a low point around $0.23 to briefly over $0.60 in the past 52 weeks, though shares have since pulled back to $0.31.  Globalstar Inc.’s market capitalization has remained high, hitting $522.62 million at the time of writing.

Telefonica S.A. (NYSE: TEF)

Telefonica S.A. (NYSE: TEF) stock drop by -2.81% to $3.81. The most recent rating by Credit Suisse, on July 02, 2020, is at a Neutral. Telefonica S.A. (TEF) stock has fluctuated between the 52-weeks low of $3.60 and a high of $7.73. It has traded up 5.90% from its 52-weeks low and traded down -50.73% from its 52-weeks high. Its market capitalization is $20.42 billion at the time of writing.