12 Best Communication and Media Stocks to Buy Now

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

Market Capitalization: $174.90 billion

Analyst Upside: 10.90%

Number of Hedge Fund Holders: 71

​Verizon Communications Inc. (NYSE:VZ) is one of the Best Communication and Media Stocks to Buy Now. On November 18, analyst Laurent Yoon from Bernstein reiterated a Hold rating on Verizon Communications Inc. (NYSE:VZ) with a $46 price target.

​The rating follows a report by Reuters released on November 13, which noted that the company’s new CEO is planning to cut 15,000 jobs. The report highlighted this layoff to be the largest ever in the company’s history. The layoff is anticipated to affect 15% of the company’s workforce and is expected to take place this week. Reuters sources noted that Verizon Communications Inc. (NYSE:VZ) will reduce its non-union management ranks by more than 20% and also plans to convert 180 retail stores into franchises.

​Verizon Communications Inc. (NYSE:VZ) has been facing market pressure due to concerns regarding lower new customer additions. Moreover, competitors are offering cheaper plans, making the competition even tougher for the company. For instance, the company added only 44,000 monthly bill-paying wireless subscribers during fiscal Q3 2025, versus AT&T, which added more than 1 million net subscribers during the same time.

​​Verizon Communications Inc. (NYSE:VZ) is a holding company that offers communications and technology services through its subsidiaries.

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