TechTarget, AST SpaceMobile Are Among Oversold Communication Services Stocks: Are They Worth A Look?

Zinger Key Points
  • Five stocks in the communications sector that are oversold.
  • Sify reported a 14% year-over-year rise in second-quarter revenue.

The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies.

Here’s the latest list of major oversold players in this sector.

TechTarget Inc TTGT

  • Last month, TechTarget reported worse-than-expected third-quarter sales and issued weak full-year 2022 sales guidance. Deutsche Bank and Craig-Hallum downgraded the stock following the earnings announcement. The company’s stock has a 52-week low of $42.
  • TTGT Price Action: Shares of TechTarget gained 0.62% to $42.70 Thursday at publication.

AST SpaceMobile Inc ASTS

  • AST SpaceMobile recently raised $75.0 million after agreeing to sell 13.6 million shares at $5.50 per share via a secondary public offering. The company’s stock has a 52-week low of $4.25.
  • ASTS Price Action: Shares of AST SpaceMobile are down 0.38% at $4.52 on Thursday at publication.

Telkom Indonesia (Persero) Tbk  PT - ADR TLK

  • The stock has a market capitalization of $23.22 billion and a 52-week high of $33.21.
  • TLK Price Action: Shares of the company gained 0.85% to $23.68 on Thursday at publication.

Sify Technologies Limited SIFY

  • In late October, Sify reported a 14% year-over-year rise in second-quarter revenue to INR7,938 million. The company’s 52-week low is $1.33.
  • SIFY Price Action: Shares of Sify are down 0.74% to $1.35 on Thursday at publication.

BuzzFeed, Inc. BZFD

  • BuzzFeed reaffirmed its guidance for the fourth quarter, projecting revenues of $129 million to $134 million. The company has a 52-week low of $1.02.
  • BZFD Price Action:  Shares of BuzzFeed are trading flat at $1.04 on Thursday at publication.

Photo: greenbutterfly via Shutterstock

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