Verizon Is Up 25% In 4 Months - Is The Stock Still A Buy? (Rating Downgrade)

photobyphm Introduction Back in late September 2023, I recommended Verizon Communications Inc. (NYSE:VZ) as a "Buy" for long-term dividend investors in the low-$30s:    With its earnings (~15%) and dividend (~8%) yield being greater than short-term (2-yr: 5.12%) and long-term (10-yr: 4.52%) treasury yields, Verizon is certainly an enticing dividend investment. As we saw in this note, Verizon's above-industry average dividend yield of 8% is well covered by its free cash flows. Given management's commitme ...