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Raymond James Upgrades Centennial (CYCL) from Underperform to Outperform

July 15, 2009 1:19 PM EDT
T Hot Sheet
Rating Summary:
    6 Buy, 16 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Following a 10% slide yesterday on concerns related to its proposed acquisition by AT&T (NYSE: T), shares of Centennial Communications Corp. (Nasdaq: CYCL) are bouncing today.

The stock is likely seeing upside on the back of a convicted upgrade from an analyst over at Raymond James. The firm moved its investment rating on Centennial all the way from Underperform to Outperform.

Shares of Centennial have risen about 4.5% to $7.68 this afternoon.

To stay up-to-date on all the analyst calls for this M&A target, visit our Analyst Ratings page.

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