Goldman Sachs Downgrades CenturyLink, Inc. (CTL) to Neutral

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.

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