10 Most Undervalued US Stocks According to Hedge Funds

​8. Verizon Communications Inc. (NYSE:VZ)

Forward Price to Earnings Ratio: 9.35

Number of Hedge Fund Holders: 73

Verizon Communications Inc. (NYSE:VZ) is one of the Most Undervalued US Stocks According to Hedge Funds. On May 14, Reuters reported that Verizon Communications Inc. (NYSE:VZ), along with AT&T and T-Mobile, has agreed in principle to form a joint venture aimed at eliminating mobile dead zones across the United States, particularly in rural areas.

​The report noted that this initiative is expected to use satellite-based “direct to device” technology to ensure broader connectivity and improved network reliability during natural disasters. Reuters also highlighted that the announcement follows the FCC’s approval of EchoStar’s $40 billion spectrum sale, with SpaceX acquiring 65 megahertz of spectrum for $17 billion to strengthen its Starlink direct-to-device service. Moreover, AT&T’s portion of the spectrum is expected to expand coverage in rural and underserved regions.

​As per the report, some analysts view this joint venture as partly defensive, given concerns that SpaceX could eventually compete directly with traditional wireless providers.

​Verizon Communications Inc. (NYSE:VZ) is a leading provider of technology, entertainment, and communications services worldwide.

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