Normura Securities reported that they have upgraded
communications company, Verizon Communications Inc.(
) on Monday to a "Buy".
The firm announced that they have upgraded VZ from "Neutral" to
"Buy," and have given the company a price target of $50. This price
target suggests an 11% increase from the stock's current price of
Analyst see continued growth for the company.
Verizon shares were up 33 cents, or 0.75% during premarket
trading Monday. The stock is up 9.97% YTD.
The Bottom Line
We have been recommending shares of Verizon (
) since Oct.10, 2008, when the stock was trading at $25.93. The
company has a 4.67% dividend yield, based on Friday's closing stock
price of $44.12.
Verizon Communications Inc.(
)is a "Recommended" dividend stock at this time, holding a
Dividend.com DARS™ Rating of 3.6 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
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