Zacks Investment Research upgraded shares of Verizon Communications (NYSE:VZ) from a hold rating to a buy rating in a report released on Wednesday. The brokerage currently has $59.00 price target on the cell phone carriers stock.
According to Zacks, Verizon reported strong second-quarter 2018 results, beating top- & bottom-line estimates. The company expects healthy improvement in margins on the back of strong FiOS fiber-optic network and strategic services in the Wireline business. Verizo
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