Goldman Sachs Downgrades CenturyLink, Inc. (CTL) to Neutral
CTL Hot Sheet
Rating Summary:9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs downgraded CenturyLink, Inc. (NYSE: CTL) from Buy to Neutral with a price target of $38 (down from $44).
Despite a 7.7% dividend yield, the firm is now more cautious and see persisting challenges, while the company must also navigate negative sentiment stemming from Frontier Communications (NYSE: FTR) dividend risk.
For an analyst ratings summary and ratings history on CenturyLink, Inc. click here. For more ratings news on CenturyLink, Inc. click here.
Shares of CenturyLink, Inc. closed at $37.51 yesterday, with a 52 week range of $31.16-$45.34.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
Despite a 7.7% dividend yield, the firm is now more cautious and see persisting challenges, while the company must also navigate negative sentiment stemming from Frontier Communications (NYSE: FTR) dividend risk.
For an analyst ratings summary and ratings history on CenturyLink, Inc. click here. For more ratings news on CenturyLink, Inc. click here.
Shares of CenturyLink, Inc. closed at $37.51 yesterday, with a 52 week range of $31.16-$45.34.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
- Goldman Sachs Downgrades Raytheon (RTN) to Sell; Risk To Back-End Loaded 2012
- Goldman Sachs Boosts Numbers on PVH Corp (PVH) After Q1 Beat
Create E-mail Alert Related Categories
DowngradesRelated Entities
Goldman Sachs, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
