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.