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

Article Stock Quotes (2) Comments (0)

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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Goldman Sachs Downgrades Deere (DE) to Sell, Sees 5% Downside
• Baird Downgrades Brocade (BRCD) to Neutral
• Atlantic Equities Downgrades Walt Disney (DIS) to Neutral

Create E-mail Alert Related Categories

Downgrades

Related Entities

Goldman Sachs, Dividend

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?