UPDATE: Hudson Square Research Upgrades Verizon Communications to Hold on Outlook
Hudson Square Research upgraded Verizon Communications (NYSE: VZ) from Sell to Hold.
Hudson Square Research noted, "Verizon reported mixed 4Q results on Tuesday morning, in our opinion. Management's outlook for 2013 was positive, with wireless margins expected to climb 200-300bp. We are upgrading the stock from Sell to Hold on this outlook."
Verizon Communications closed at $42.92 on Tuesday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.