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Follow this list to discover and track stocks that have been overbought as indicated by the RSI momentum indicator within the last week. A stock is overbought when the RSI is above 70. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Telefonica, long the poor relation among the former national carriers, provided the only bright spot, forecasting growing profit and sales this year where analysts had expected stagnation and a decline respectively. Were it not for Britain’s planned departure from the European Union, Telefonica would have likely carried out an initial public offering of its U.K. business O2 at some stage over the past two years, reducing its contribution to earnings.
The overall equity markets seem to ride on the positive vibes, and the stock market euphoria has propelled the telecom stocks to newer heights.
This time it was RBC Capital Markets analyst Jonathan Atkin with the downgrade—he argues the stock has gotten less appealing since its dividend cut. CenturyLink was down 0.5% to $14.03 in recent trading. Atkin isn’t the only analyst who has grown more skeptical of CenturyLink.
PayPal Digest: Venmo, Bitcoin, Share Repurchases, and MoreGuggenheim cites competitive headwinds Early this month, Guggenheim downgraded PayPal (PYPL) stock to a “neutral” from a “sell.” The company also removed its $95 price target on PayPal
Windstream Holdings Inc. may wind up in bankruptcy after an effort to finesse its debt burden instead led to a stunning court defeat on Friday that could leave it unable to refinance. CenturyLink Inc. slashed its dividend last week and faces an activist’s demand that it sell assets to bolster its balance sheet. Frontier Communications Corp., which halted payouts a year ago, ranks No. 1 on the list of deeply distressed debt issuers in North America.
How Top Telecommunications Stocks Are Faring in February(Continued from Prior Part)Analysts’ recommendations CenturyLink (CTL) stock offers a potential upside of ~17.4% going forward compared to its current market price of $12.78. Wall Street
Investing.com - U.S. futures pointed to a slightly lower open on Wall Street Wednesday, with investors remaining cautious as trade talks between the U.S. and China continued.
JPMorgan’s Christina Brathwaite, who cut the company’s rating to Underperform from Neutral, is concerned about falling active-user numbers.
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)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
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.