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Telephone and Data Systems (TDS) and Cogent Communications (CCOI) are two mid-cap telecom stocks that have outperformed the sector this year, providing investors with an attractive dividend yield and potential share price appreciation.

Telephone and Data Systems, a telecommunications enterprise operating in the United States, has seen a stock increase of almost 72% year-to-date. This growth is largely driven by its stake in United States Cellular, where TDS holds an 83% stake. In early August, it was announced that TDS and United States Cellular were considering strategic alternatives for UScellular. Despite the significant increase in stock price, analysts still see a potential upside with a consensus price target of .33, predicting a 39.42% increase.

Cogent Communications, on the other hand, provides high-speed internet access and other communication services globally. With a dividend yield of 5.46%, a low P/E ratio, and a beta indicating less volatility, CCOI is an attractive investment option. The stock has also shown a 20% increase year-to-date. While the potential upside is not as high as TDS, analysts still predict a 7.69% increase with a consensus price target.

Both TDS and CCOI offer compelling investment opportunities for investors looking for mid-cap telecom stocks with strong dividend yields and potential appreciation. It is important to note that these stocks carry some level of risk, but for investors with a larger risk appetite, they present an opportunity for superior returns.

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