S&P Affirms Ratings on CenturyLink (CTL) Amid Level 3 Deal; Outlook Remains Stable

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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