Is Verizon Communications Stock a Buy Now?

For most of the past decade, Verizon Communications (NYSE: VZ) has given its shareholders little to cheer about. The stock has woefully underperformed compared to the broader stock market. But over the past 12 months, that has changed: Verizon has beaten the market, with a total return of 45% to the S&P 500's 34%.Verizon is getting a twofold benefit from the prospect of falling interest rates. Because it borrows often and is carrying a lot of debt on its books, lower rates will help cut its interest expenses. Additionally, as the rates offered by savings accounts and low-risk interest-bearing assets fall, investors seeking income will naturally gravitate to high-yield dividend stocks like Verizon.Of course, the question is whether Verizon is a buy right now. Was Verizon's 2024 rebound from its decade low the start of something great, or just a temporary blip?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool