5 Best Telecom Stocks To Buy Right Now

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In this piece, we will take a look at the five best telecommunications stocks to buy right now. If you want to learn more about the telecommunications industry, then read 12 Best Telecom Stocks To Buy Right Now.

5. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Investors In Q2 2023: 53

Verizon Communications Inc. (NYSE:VZ) is a diversified telecommunications firm that offers internet, voice coverage, and other products and services to businesses and regular consumers. The firm posted a strong set of results for its third quarter that saw it raise free cash flow guidance – an important metric in today’s tough economy. Consequently, the shares jumped by as much as 5% in pre market trading.

As of Q2 2023 end, 53 out of the 910 hedge funds part of Insider Monkey’s database were Verizon Communications Inc. (NYSE:VZ)’s investors. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the biggest investor among these since it owns 13.1 million shares that are worth $489 million.

Follow Verizon Communications Inc (NYSE:VZ)


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