CenturyLink (CTL) Tops Q3 EPS by 1c
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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
CenturyLink (CTL) to Acquire Level 3 Communications (LVLT) for $34B
October 31, 2016 6:30 AM EDTCenturyLink (NYSE: CTL) and Level 3 Communications, Inc. (NYSE: LVLT) today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. Under terms of the agreement, Level 3 shareholders will receive $26.50 per share in cash and a fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own, which implies a purchase price of $66.50 per Level 3 share (based on a CenturyLink $28.00 per share... More
Raymond James Downgrades CenturyLink, Inc. (CTL) to Market Perform
October 28, 2016 7:58 AM EDTRaymond James downgraded CenturyLink, Inc. (NYSE: CTL) from Outperform to Market Perform and removed its price target (prior $32.00).
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 $31.00 yesterday.
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