Clearwire Downgraded

Posted on April 24, 2012 at 19:09 PM EDT

Jefferies analyst Thomas Seltz cited Verizon Communications' (NYSE: VZ) spectrum sale for downgrading Clearwire Corp. (Nasdaq: CLWR) to a Hold rating. Shares of Verizon rose 93 cents to close at $39.50 while Clearwire stock lost 15 cents to close at $1.40.

Related Stocks:

CLEARWIRE CORPORATION CLASS A Verizon Communications, Inc.

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