CENTURYLINK TO ACQUIRE LEVEL 3 COMMUNICATIONS
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UBS Cuts Price Target on CenturyLink (CTL) Following 3Q and Announced Acquisition
November 1, 2016 9:12 AM EDTUBS maintained a Buy rating on CenturyLink, Inc. (NYSE: CTL), and cut the price target to $31.00 (from $36.00), following the company's 3Q and announced acquisition of LVLT for $66.50/sh. UBS estimates that this deal would finally bring CTL's top line to stability while synergies... More
RBC Capital Downgrades Level 3 Communications (LVLT) to Sector Perform
November 1, 2016 7:43 AM EDTRBC Capital downgraded Level 3 Communications (NYSE: LVLT) from Outperform to Sector Perform.
For an analyst ratings summary and ratings history on Level 3 Communications click here. For more ratings news on Level 3 Communications click here.
Shares of Level 3 Communications closed at $56.15 yesterday.
... MoreGoldman Sachs Downgrades Level 3 Communications (LVLT) to Neutral
November 1, 2016 7:42 AM EDTGoldman Sachs downgraded Level 3 Communications (NYSE: LVLT) from Buy to Neutral.
For an analyst ratings summary and ratings history on Level 3 Communications click here. For more ratings news on Level 3 Communications click here.
Shares of Level 3 Communications closed at $56.15 yesterday.
... MoreJefferies Downgrades Level 3 Communications (LVLT) to Hold; Doesn't See Alternative Bidder
November 1, 2016 6:40 AM EDTJefferies downgraded Level 3 Communications (NYSE: LVLT) from Buy to Hold with a price target of $55.00 (from $58.00) after the company agreed to be acquired.
"While the deal spread of near 15% (excl. CTL dividend) is sizable, we do not anticipate any alternate bidder and remain... More
Cowen Downgrades Level 3 Communications (LVLT) to Market Perform
October 31, 2016 3:50 PM EDTCowen downgraded Level 3 Communications (NYSE: LVLT) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Level 3 Communications click here. For more ratings news on Level 3 Communications click here.
Shares of Level 3 Communications closed at $54.05 yesterday.
... MoreBTIG Downgrades Level 3 Communications (LVLT) to Neutral
October 31, 2016 2:51 PM EDTBTIG downgraded Level 3 Communications (NYSE: LVLT) from Buy to Neutral. Analyst Walter Piecyk said he doesn't expect at competing bid.
"We downgrade Level 3 to Neutral as we do not expect a competing bid to top CenturyLinks lofty take-out price, which valued Level 3 at... More
Level 3 Communications (LVLT) Misses Q3 EPS by 3c
October 31, 2016 6:36 AM EDTLevel 3 Communications (NYSE: LVLT) reported Q3 EPS of $0.40, $0.03 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.07 billion.
For earnings history and earnings-related data on Level 3 Communications (LVLT) click here.
... MoreCenturyLink (CTL) Tops Q3 EPS by 1c
October 31, 2016 6:34 AM EDTCenturyLink (NYSE: CTL) reported Q3 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $4.38 billion versus the consensus estimate of $4.38 billion.
GUIDANCE:
CenturyLink sees Q4 2016 EPS of $0.53-$0.59, versus the consensus of $0.64. CenturyLink sees Q4... More
