5 Best Video Conferencing Stocks To Buy

In this article, we discuss the 5 best video conferencing stocks to buy. If you want to read our detailed analysis of the video technology industry, go directly to the 10 Best Video Conferencing Stocks To Buy.

05. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders as of Q2, 2022: 58

Verizon Communications Inc. (NYSE:VZ) offers communications, technology, information, and entertainment products and services. It is one of the best video conferencing stocks to buy. On October 6, Oppenheimer analyst Timothy Horan upgraded Verizon Communications Inc. (NYSE:VZ) to Outperform from Perform and assigned a $50 price target to the stock. According to the analyst, although the near-term trends seem volatile, the company is well-positioned to achieve gradual stabilization-to-growth of the subscriber base. Horan expects a stronger free cash flow of more than 15% per year for the company, as it passes peak investment and leverage.

On September 6, Verizon Communications Inc. (NYSE:VZ) announced a 2% growth in dividends, which takes its quarterly dividend to $0.6525 per share. This was the company’s 16th consecutive year of dividend growth.

Among the hedge funds being tracked by Insider Monkey, Washington-based firm Fisher Asset Management is a leading shareholder in Verizon Communications Inc. (NYSE:VZ), with 17 million shares worth more than $879.8 million. According to Insider Monkey’s Q2 data, Verizon Communications Inc. (NYSE:VZ) was found in the public stock portfolios of 58 hedge funds, with collective stakes in the company worth $2.29 billion.

Here is what Mawer Investment Management has to say about Verizon Communications Inc. (NYSE:VZ) in its Q3 2022 investor letter:

“There are a few other segments of our portfolios that displayed weakness in the quarter. Cable and telecommunication companies have been an area that has lagged the broader market as their worlds are increasingly colliding. Companies such as Verizon (NYSE:VZ) has been impacted as wireless operator is spending heavily to attract internet subscribers with fixed wired access and the cable companies are trying to build wireless businesses.”