December 03, 2012 at 08:40 AM EST
Verizon Upgraded at Normura Securities (VZ)

Normura Securities reported that they have upgraded communications company, Verizon Communications Inc.(VZ) 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 $44.46.

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 (VZ) 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.(VZ)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.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here