Is Verizon Communications Stock a Buy Now?

The company has flaws, but the stock could appeal to certain investors as interest rates decline.For most of the past decade, Verizon Communications (VZ 0.44%) 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 ...