Goldman upgrades Portugal Telecom (PT +4.8%) to Conviction Buy from Neutral, stoking a rally in...

|About: Portugal Telecom SGPS SA (PT)|By:, SA News Editor

Goldman upgrades Portugal Telecom (PT +4.8%) to Conviction Buy from Neutral, stoking a rally in shares of the European/Latin American carrier. After rallying to start the year, PT shares had slumped over the last 2 months thanks to European macro concerns.