Tag Archives: Verizon

Verizon Communications Inc (VZ) Hit Adversely Owing To Citi Downgrade

Verizon Communications Inc (VZ) Hit Adversely Owing To Citi Downgrade

On Monday, 24th November, 2014, when the new week commenced, it heralded bad news for Verizon Communications Inc (NYSE:VZ) because the stock had been downgraded to ‘neutral’ status by Citigroup. Previously it had been rated as ‘overweight’ and in a statement, Michael Rollins, an analyst with Citigroup justified the degradation as follows – “We are

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