Jim Cramer Discussed These 12 Stocks

6. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 74

Verizon Communications Inc. (NYSE:VZ) offers communication, technology, and entertainment services to consumers, businesses, and government clients. Its services include wireless, broadband, and wireline options. During yesterday’s episode of Mad Money, Cramer said, “Utility, Verizon, perfect Coca-Cola, Waste Management. Yeah, these are timeless.”

Over the past year, Verizon (NYSE:VZ) stock gained a modest 8.95%. In March, Cramer stated, “We got a real ugly read about the state of telecommunications today from Verizon, the stock fell 6.5% 3 points, wow.”

Furthermore, on April 11, Evercore ISI raised its rating on Verizon (NYSE:VZ) to Outperform from In Line and increased the price target to $48 from $44. The firm noted that although the company has outpaced the broader market this year, it still trails behind AT&T and T-Mobile after years of underperformance.

The analyst pointed to solid progress in postpaid subscriber trends in Consumer, steady growth in Business wireless, and consistent broadband subscriber results. Evercore sees the market overlooking the strength of Verizon’s (NYSE:VZ) wireless revenue outlook, fiber expansion, and the potential benefit from the Frontier acquisition. Verizon is now its top pick in the wireless space and its top value idea.