Jim Cramer on Verizon Communications Inc. (VZ): “They’re Doing Better”

We recently published a list of Jim Cramer’s Thoughts on These 10 Stocks. In this article, we are going to take a look at where Verizon Communications Inc. (NYSE:VZ) stands against other stocks that Jim Cramer discusses.

A caller asked Cramer’s thoughts on Verizon Communications Inc. (NYSE:VZ), and he replied:

“No, that’s fine… The dividend, 6% is good. They’re doing better… I gotta put it like this way, Verizon, not as bad as it used to be. I mean that’s not enough for me, but that’s kind of enough for them. Hey, we’re not so bad, that’s a good slogan for them. Hey Verizon, we’re not so bad. I like that.”

Jim Cramer on Verizon Communications Inc. (VZ): “They're Doing Better”

A smiling customer receiving customer contact center solutions on their smartphone.

Verizon (NYSE:VZ) delivers a broad range of communications, technology, and entertainment services and products to individuals, businesses, and government clients. The company provides wireless and wireline services, broadband, connected devices, and network solutions. In April, discussing the turbulent market, Cramer said:

“So what made this list so far? Right now there’s peace among the phone companies. The big price war seems to be a thing of the past. That means you can own both Verizon and AT&T. Both have good yields. Both are reporting better-than-expected earnings. They’re worth owning because their businesses have very little cyclicality. So that’s the paradigm, okay?”

Overall, VZ ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of VZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VZ and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.