(Bloomberg) -- Shares of Verizon Communications Inc., the second-largest U.S. phone company, were upgraded by Citigroup Inc. on speculation that earnings will improve.
New York-based analysts including Michael Rollins raised their recommendation on the stock to ``buy'' from ``sell'' and lifted their price estimate for the shares 45 percent to $48, according to a report dated May 17.
Read more at Bloomberg Stocks News
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