If you have ever struggled with a dropped phone call, you might understand the frustration Verizon Communications (NYSE: VZ) has been for its shareholders. Despite the telecom giant being on track to end 2024 with a positive return, shares have deeply underperformed stock market benchmarks in recent years, losing about 15% of their value in the past five years compared to an 84% gain in the S 500 (SNPINDEX: ^GSPC) over the same period.
Nevertheless, encouraging signs in the company's core wireless services business, combined with a more positive outlook into 2025, provide a signal bar of hope that the stock could finally be on the cusp of a sustained rebound.
Is it time to dial in and buy Verizon stock now? Here's what you need to know.
Source Fool.com