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Verizon Communications (NYSE:VZ) Sets New 1-Year High - Here's What Happened
Verizon Communications (NYSE:VZ) recently reached a new 52-week high of $50.28, bolstered by positive analyst sentiment, including an upgrade from Daiwa to “Buy” with a $58 price target. Technical indicators like a “golden cross” and strong price momentum also contributed to the surge. Despite overall market headwinds and a recent device-unlock policy backlash, the company reported solid Q4 earnings, beating estimates, and increased its quarterly dividend.