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MoffettNathanson dropped its price target to $12 from $16 but raised its rating to Neutral from Sell, reflecting the company’s cloudy future.
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)CenturyLink’s moving averages Recently, CenturyLink (CTL) went below its 20-day and 100-day moving average, which denotes a bearish sentiment in the stock. On February 13,
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)Analysts on CenturyLink stock Of the 16 Reuters-surveyed analysts covering CenturyLink (CTL) stock on February 13, 31% recommended a “buy,” 31% recommended a “sell,” and
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)Shareholder returns and stock trends CenturyLink (CTL) stock’s closing price on February 13 was $14.70 per share. Based on that closing price, CenturyLink has a market
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)CenturyLink’s scale As of February 13, Verizon (VZ) was the largest US telecom player by market capitalization at $225.1 billion, followed by AT&T (T) at $217.2 billion. In
The Supreme Court on Monday overturned the green tribunal’s order in December to restart the 400,000 metric tons a year copper smelter in the southern state of Tamil Nadu, saying the National Green Tribunal doesn’t have the jurisdiction to decide on the matter. Copper on the London Metal Exchange rose as much as 1.1 percent to $6,258 a ton Monday after the verdict.
It was a tense earnings report that came with a surprise pay cut, but investors should be satisfied...for now.
CenturyLink surprised investors with the decision to cut its dividend, even though the distribution was well-covered by free cash flow. Here’s management’s thinking.
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)CenturyLink’s revenue trends CenturyLink’s (CTL) top line has been declining over the past few quarters on a pro forma basis. CenturyLink’s net revenues in the fourth
In conjunction with its fourth-quarter earnings release, CenturyLink CTL announced it will cut its annual dividend to $1 per share from $2.16. Given that management constantly implied support for its outsize dividend in the past, this news overshadowed performance by the company that we found encouraging.
CNBC's Jim Cramer explains why the writing was on the wall when it came to CenturyLink’s dividend cut. The "Mad Money" host also checks in with the CEOs of Twilio, SendGrid and Waste Management. In the lightning round, Cramer shares his take on two opposite side of the baking sector.
(Bloomberg) -- CenturyLink Inc. fell on Thursday after it reported fourth-quarter results and said it would cut its dividend by more than half. Analysts said that while the step would be a painful one for the stock, they considered it necessary to shore up the company’s finances.
On Wednesday, the company announced that it would cut its dividend on an annual basis from $2.16 a share to $1.00, a 54% haircut. CenturyLink stock was down 9%
U.S. stocks were set to open flat on Thursday, as a sharp drop in retail sales in December overshadowed optimism over a breakthrough in the U.S.-China trade talks. Retail sales tumbled 1.2 percent in the last month of 2018, the commerce department said, the largest decline since September 2009 when the economy was emerging from recession. Economists polled by Reuters had forecast retail sales increasing 0.2 percent.
CenturyLink Stock Fell 10.8% Due to Q4 Results and Dividend CutCenturyLink’s fourth-quarter results CenturyLink (CTL) reported its fourth-quarter results after the market closed on February 13. CenturyLink reported an adjusted EPS of $0.37 in the