Adding to an already impressive run in recent months, shares of telecommunications company (NYSE: VZ) jumped on Tuesday, following the company's strong fourth-quarter report. That brought the stock's total return since mid-October of last year to more than 35%.

Does the stock's big run make it overvalued, or is there still a chance for investors to buy shares and potentially benefit from even more upside? Surprisingly, the stock still appears pretty attractive at this level.

Verizon earned $1.08 on an adjusted basis during the quarter, down from $1.19 in the year-ago period. Though this non-GAAP (adjusted) earnings per share figure aligned with analysts' estimates, revenue of $35.1 billion for the period was well beyond an average forecast of approximately $34.6 billion.

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Source Fool.com