10 Best Affordable Stocks Under $50 to Buy

6. Verizon Communications Inc. (NYSE:VZ)

Share Price: $44.23

Forward P/E: 9.41

Number of Hedge Fund Holders: 71

Verizon Communications Inc. (NYSE:VZ) ranks among the best affordable stocks under $50 to buy. On August 25, Verizon Communications Inc. (NYSE:VZ) announced that Jennifer K. Mann has been elected to join the company’s Board of Directors, effective immediately.

She serves as the Executive Vice President and President of the North America Operating Unit at The Coca-Cola Company (KO).

Jennifer has worked at Coca-Cola for 28 years. She is a proven leader who brings strong expertise in consumer, marketing, brand management, and strategic planning to Verizon Communications Inc. (NYSE:VZ).

At Coca-Cola, Jennifer leads the company’s largest operating unit. She also has experience in strategically managing and overseeing the integration of major acquisitions and investments.

With her addition, Verizon Communications Inc.’s (NYSE:VZ) board now has 11 directors who offer a variety of perspectives and expertise to the company.

Verizon Communications Inc. (NYSE:VZ) is an American technology and telecommunications company that provides network connectivity, entertainment, and security solutions.