CenturyLink (CTL) Tops Q3 EPS by 1c

Go back to CenturyLink (CTL) Tops Q3 EPS by 1c

UBS Cuts Price Target on CenturyLink (CTL) Following 3Q and Announced Acquisition

November 1, 2016 9:12 AM EDT

UBS 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 EDT

CenturyLink (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 EDT

Raymond 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.

... More