Verizon Communications Inc. (VZ): They're Optimistic And That's Terrific, Says Jim Cramer

We recently published Jim Cramer Recently Talked About These 10 Stocks. Verizon Communications Inc. (NYSE:VZ) is one of the stocks Jim Cramer recently discussed.

Verizon Communications Inc. (NYSE:VZ) is one of the largest telecommunications carriers in America. Its shares have gained 6.8% year-to-date and marked a strong 4.3% jump in July after the firm’s second-quarter results saw it raise its midpoint full-year free cash flow guide to $20 billion from an earlier $18 billion. Verizon Communications Inc. (NYSE:VZ) ‘s adjusted EPS of $1.22 for the quarter also beat analyst estimates of $1.19, while its midpoint 3% operating income growth also overshot the estimates. Cramer was upbeat about the results:

“Oh my god. Even Verizon was good.

“Yeah and then, it’s Andrew saying look I think that maybe you’re just taking share. In other words that what’s happening is this that there’s a pie and there’s nothing that’s going to prove me wrong. I don’t know how that’s going to prove me wrong. . .Verizon had a really good quarter.

“[On cash flow guide being strong] That’s what I looked at. And they’re very optimistic and that’s terrific.”

Previously, Cramer linked Verizon Communications Inc. (NYSE:VZ)’s dividend yield with the stock appearing more like a bond:

“I think it’s okay. It’s really just a bond. I mean, there’s a lot of competition now in the telco business.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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