However, investors should also note that AT&T remains a solid dividend stock despite slashing the payout. That indicates that as investors adjust to a new reality, rising earnings, a stronger balance sheet, and a low P/E ratio could make Verizon stock an attractive holding if it works harder to lower reduce its debt.

Verizon Communications (VZ) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.