13 Cheap Stocks Under $50 to Buy Now

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6. Verizon Communications Inc. (NYSE:VZ)

Stock Price: $41.26

Forward P/E: 8.84

Number of Hedge Fund Holders: 65

Verizon Communications Inc. (NYSE:VZ) is one of the best cheap stocks under $50 to buy now. In a report released on July 7, Michael Elias from TD Cowen maintained a Buy rating on Verizon Communications Inc. (NYSE:VZ) and set a price target of $50.00.

Verizon Communications Inc. (NYSE:VZ) reported an EPS of $1.15 in fiscal Q1 2025 compared to $1.09 in the same quarter last year. Adjusted EPS for the quarter, excluding special items, also increased, rising from $1.15 in fiscal Q1 2024 to $1.19 in fiscal Q1 2025.

Total operating revenue for the quarter rose 1.5% to $33.5 billion, while cash flow from operations rose from $7.1 billion in Q1 2024 to $7.8 billion in Q1 2025.

Verizon Communications Inc. (NYSE:VZ) also reported broadband net additions of 339,000, along with industry-leading $20.8 billion in total wireless service revenue in fiscal Q1 2025.

Verizon Communications Inc. (NYSE:VZ) provides communications, information, and entertainment services and products. Its operations are divided into the Consumer and Business segments.

The Consumer segment manages consumer-focused wireline and wireless communication products and services. In contrast, the Business segment focuses on services and products such as data, FWA broadband, video and conference services, corporate networking solutions, and more.

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