UPDATE: RBC Capital Upgrades CenturyLink, Inc. (CTL) to Outperform

(Updated - January 25, 2018 7:07 AM EST)

(updated to add analyst comment)

RBC Capital upgraded CenturyLink, Inc. (NYSE: CTL) from Sector Perform to Outperform with a price target of $22.00 (from $18.00).

Analyst Jonathan Atkin comments "We see potential upside to initial synergy targets and believe new management can restructure operations to drive EBITDA growth. Additionally, given FCF accretion from cost efficiencies and tax reform, we believe the dividend remains sustainable. While the consumer business remains challenged, we believe current valuation offers investors positive optionality."

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 $17.39 yesterday.

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