Is Verizon A Buy After The +28% Rally?

DNY59 We previously covered Verizon Communications Inc. (NYSE:NYSE:VZ) in January 2024, re-rating it as a Buy, after falling for the classic bear trap. Even then, we believed that it was impossible to time the market, especially given the extreme pessimism then. Thanks to the moderation in its capex in 2024 and subsequent improvement in its Free Cash Flow generation, we might see the management achieve its net debt to EBITDA target over the next few years, while also consistently paying out dividends. I ...