10 Dirt Cheap Stocks To Invest In Now

7. Verizon Communications Inc. (NYSE:VZ)

Forward P/E Ratio: 9.37

Earnings Growth This Year: 1.65%

Number of Hedge Fund Holders: 74

Verizon Communications Inc. (NYSE:VZ) is a global technology and telecommunication company that provides the latest communication technology services to individuals, businesses, and government. It operates through two main segments including the consumer segment and business segment.

On April 8, analyst Kutgun Maral from Evercore ISI upgraded the stock to a Buy rating with a price target of $48. The analyst noted that Verizon Communications Inc. (NYSE:VZ) has shown improvement in its postpaid subscribers, which he believes is a critical metric for telecommunication companies. Moreover, the company also continues to meet its broadband subscriber targets, while making progress in its fiber optic network.

On top of this rating upgrade, Verizon Communications Inc. (NYSE:VZ) also delivered strong financial and operational results in fiscal 2024. It grew its wireless segment revenue by 3.1% and adjusted EBITDA by 2.1% both coming ahead of its guidance. The company expects to grow its wireless service revenue by 2% to 2.8% in the future. It is one of the dirt-cheap stocks to invest in now.