Verizon Stock: A Massive Rerating Is Likely Coming

Mike Coppola Introduction I initiated coverage of Verizon Communications Inc. (NYSE:VZ) stock in July 2023 with a 'Buy' rating, when one share cost $34. Since then, probably against the backdrop of heightened market expectations about the imminent Fed rate cut, the stock has followed the market rally and outperformed it by almost three times, taking into account the dividend yield. SA, author's previous article on VZ Since almost six months have passed and a lot has happened in that time, both in the market ...