Pick Up The Phone - From BNN Bloomberg, This MorningPick up the phone: Citi is upgrading shares of AT&T and Verizon to buy this morning. Both stocks have been beaten up over a smorgasbord of issues: competition, higher rates and concerns about liabilities over lead piping. These concerns have taken shares of AT&T to around a 30-year low, while Verizon recently hit a 13-year low. Well, Citi thinks now is the time to buy the dips. The analyst, Michael Rollins, notes that the competitive environment is showing signs of stabilizing and better free cash flow should help reduce debt and support dividend payouts dividend yield is around eight per cent for both.