TD Cowen Reiterates a Buy Rating on Verizon Communications (VZ) With a $50 PT

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.

Can Verizon’s Cash Flow Cover Its Dividend Long-Term?

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

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.

While we acknowledge the potential of VZ to grow, our conviction lies in the belief that some 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.

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