Breaking News Instant updates and real-time market news.

CTL

CenturyLink

$19.72

-1.17 (-5.60%)

, LVLT

Bought by CTL

$53.45

-1.73 (-3.14%)

13:13
08/17/17
08/17
13:13
08/17/17
13:13

CenturyLink says working to finalize Level 3 deal by end of Q3

CenturyLink (CTL) said in a statement to The Fly regarding its planned acquisition of Level 3 Communications (LVLT), "The companies continue to work diligently to finalize the remaining state, federal and international approvals in time to complete the acquisition by the end of the third quarter 2017." The California Public Utilities Commission is likely pushing its decision on the merger past September 30, Robert Welkos of CTFN reported last night. CenturyLink in midday trading is down 5% to $19.79 while Level 3 is down 3% to $53.56.

CTL

CenturyLink

$19.72

-1.17 (-5.60%)

LVLT

Bought by CTL

$53.45

-1.73 (-3.14%)

CTL CenturyLink
$19.72

-1.17 (-5.60%)

03/29/17
MSCO
03/29/17
INITIATION
Target $27
MSCO
Overweight
CenturyLink resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Simon Flannery resumed coverage on CenturyLink with an Overweight and a $27 price target.
05/04/17
COWN
05/04/17
NO CHANGE
Target $25
COWN
Market Perform
CenturyLink set up for guidance reduction, says Cowen
Cowen analyst Gregory Williams said CenturyLink posted mixed Q1 results with weakness essentially across the board. The company also announced weak Q2 guidance, which he believes sets the company up for downward guidance revisions. Williams maintained his Market Perform rating and lowered his price target to $25 from $27 on CenturyLink shares.
05/15/17
RAJA
05/15/17
DOWNGRADE
RAJA
Underperform
CenturyLink downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst Frank Louthan downgraded Level 3 (LVLT) and CenturyLink (CTL) to Underperform saying both companies are experiencing negative trends ahead of their combination which are unlikely to improve over the next few quarters. Louthan also expects additional sales disruption from the integration that will limit material stock price appreciation.
06/19/17
MSCO
06/19/17
NO CHANGE
Target $27
MSCO
Overweight
CenturyLink whistleblower suit impact likely limited, says Morgan Stanley
Morgan Stanley analyst Simon Flannery said there could be some financial exposure to CenturyLink (CTL) if the lawsuit alleging that the company overcharged customers is found to have merit, but he believes the impact is likely not that material. As support for that view, Flannery points to the precedent set by telecom operators' "cramming" lawsuits, settlements of which are "usually...not that material." He keeps an Overweight rating and $27 price target on CenturyLink, adding that the potential triggering of a "MAC" clause in its deal with Level 3 (LVLT) would "seem to be a pretty high bar" and appears unlikely.
LVLT Bought by CTL
$53.45

-1.73 (-3.14%)

03/29/17
03/29/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Boeing (BA) initiated with a Buy at Berenberg. 2. Level 3 (LVLT) resumed with an Equal Weight at Morgan Stanley. 3. Exact Sciences (EXAS) initiated with a Buy at BofA/Merrill. 4. Synchrony (SYF) initiated with an Outperform at Wells Fargo. 5. Alphabet (GOOG, GOOGL), Facebook (FB), and Amazon.com (AMZN) were initiated with an Overweight at Barclays, while Snap (SNAP) was initiated with an Equal Weight and Twitter (TWTR) was initiated with an Underweight. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/17
RAJA
05/15/17
DOWNGRADE
RAJA
Underperform
Level 3 downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst Frank Louthan downgraded Level 3 (LVLT) and CenturyLink (CTL) to Underperform saying both companies are experiencing negative trends ahead of their combination which are unlikely to improve over the next few quarters. Louthan also expects additional sales disruption from the integration that will limit material stock price appreciation.
05/15/17
05/15/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tesla (TSLA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Adam Jonas saying the bull thesis on Tesla centers around the company becoming the next Amazon (AMZN) or Apple (AAPL), Jonas tells investors in a research note. The analyst, however, questions if the risks of taking on the tech giants is sufficiently discounted in the share price. He expects "much larger and more well capitalized" competitors to unveil strategies that directly address sustainable transport and mobility. 2. J.C. Penney (JCP) was downgraded to Hold from Buy at Deutsche Bank, to Neutral from Outperform at Baird, and to Neutral from Buy at Buckingham. 3. STMicroelectronics (STM) downgraded to Hold from Buy at Stifel. 4. Level 3 (LVLT) and CenturyLink (CTL) were downgraded to Underperform from Market Perform at Raymond James. 5. TSMC (TSM) downgraded to Neutral from Outperform at Credit Suisse with analyst Randy Abrams saying headwinds from excess inventory, slower China smartphones, and Qualcomm (QCOM) shifts to Samsung (SSNLF) could pressure sales and margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

IBM

IBM

$169.35

0.87 (0.52%)

16:13
01/18/18
01/18
16:13
01/18/18
16:13
Hot Stocks
IBM says tax reform act resulted in one-time $5.5B charge in Q4 »

IBM said that the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

AXP

American Express

$99.89

-0.87 (-0.86%)

16:12
01/18/18
01/18
16:12
01/18/18
16:12
Hot Stocks
American Express reports Q4 Global Commercial Services net income $580M »

Global Commercial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

LKSD

LSC Communications

$13.92

-0.45 (-3.13%)

16:12
01/18/18
01/18
16:12
01/18/18
16:12
Hot Stocks
LSC Communications raises quarterly dividend 4% to 26c per share »

The board of directors of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Feb

SPRT

Support.com

$2.75

0.081 (3.03%)

16:11
01/18/18
01/18
16:11
01/18/18
16:11
Hot Stocks
Support.com reminds investors of net operating loss carryforwards »

Support.com reminded its…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MLNX

Mellanox

$65.10

0.8 (1.24%)

16:10
01/18/18
01/18
16:10
01/18/18
16:10
Technical Analysis
Technical Take: Mellanox at new 52-week high after results »

The shares are up over 4%…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

IBM

IBM

$169.07

0.59 (0.35%)

16:10
01/18/18
01/18
16:10
01/18/18
16:10
Hot Stocks
IBM reports Q4 Cognitive solutions revenue $5.4B, up 3% »

Reports Q4 Global…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

AMNB

American National Bankshares

$39.10

-0.8 (-2.01%)

16:10
01/18/18
01/18
16:10
01/18/18
16:10
Earnings
Breaking Earnings news story on American National Bankshares »

American National…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PINC

Premier

$32.23

-0.02 (-0.06%)

16:09
01/18/18
01/18
16:09
01/18/18
16:09
Initiation
Premier initiated  »

Premier initiated with an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CERN

Cerner

$69.49

-0.79 (-1.12%)

16:09
01/18/18
01/18
16:09
01/18/18
16:09
Initiation
Cerner initiated  »

Cerner initiated with an…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Feb

QGEN

Qiagen

$32.59

-0.3 (-0.91%)

16:09
01/18/18
01/18
16:09
01/18/18
16:09
Hot Stocks
Qiagen granted FDA approval to expand use of EGFR test in lung cancer »

Qiagen announced that the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IBM

IBM

$169.21

0.73 (0.43%)

16:09
01/18/18
01/18
16:09
01/18/18
16:09
Hot Stocks
IBM reports Q4 cloud revenue $5.5B, up 30% »

Cloud revenue over the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

AXP

American Express

$99.88

-0.885 (-0.88%)

16:08
01/18/18
01/18
16:08
01/18/18
16:08
Hot Stocks
American Express reports Q4 U.S. Consumer Services up 13% to $3.4B »

U.S. Consumer Services…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

MDRX

Allscripts

$15.09

-0.21 (-1.37%)

16:08
01/18/18
01/18
16:08
01/18/18
16:08
Initiation
Allscripts initiated  »

Allscripts initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Feb

IBM

IBM

$169.18

0.53 (0.31%)

16:08
01/18/18
01/18
16:08
01/18/18
16:08
Earnings
IBM reports Q4 adjusted EPS $5.18, consensus $5.17 »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

ATHN

athenahealth

$125.53

-0.65 (-0.52%)

16:08
01/18/18
01/18
16:08
01/18/18
16:08
Initiation
athenahealth initiated  »

athenahealth initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Feb

MLNX

Mellanox

$65.10

0.8 (1.24%)

16:07
01/18/18
01/18
16:07
01/18/18
16:07
Earnings
Mellanox sees FY18 revenue $970M-$990M, consensus $971M »

Sees FY18 adjusted gross…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

MLNX

Mellanox

$65.10

0.8 (1.24%)

16:07
01/18/18
01/18
16:07
01/18/18
16:07
Earnings
Mellanox sees Q1 revenue $222M-$232M, consensus $220.3M »

Sees Q1 adjusted…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

AMGN

Amgen

$187.59

-0.42 (-0.22%)

, AGN

Allergan

$179.82

3.1 (1.75%)

16:06
01/18/18
01/18
16:06
01/18/18
16:06
Hot Stocks
Amgen and Allergan's Mvasi for certain cancers approved in Europe »

Amgen (AMGN) and Allergan…

AMGN

Amgen

$187.59

-0.42 (-0.22%)

AGN

Allergan

$179.82

3.1 (1.75%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

  • 25

    Jan

  • 25

    Jan

  • 03

    Feb

  • 06

    Feb

  • 16

    Feb

  • 08

    Mar

  • 25

    Mar

  • 23

    Apr

  • 30

    Apr

  • 17

    May

  • 28

    May

TXN

Texas Instruments

$116.41

-2.75 (-2.31%)

16:06
01/18/18
01/18
16:06
01/18/18
16:06
Hot Stocks
Texas Instruments: Brian Crutcher to become next CEO on June 1 »

Texas Instruments said…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

AXP

American Express

$99.90

-0.86 (-0.85%)

16:06
01/18/18
01/18
16:06
01/18/18
16:06
Earnings
Breaking Earnings news story on American Express »

American Express sees…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

MLNX

Mellanox

$65.10

0.8 (1.24%)

16:06
01/18/18
01/18
16:06
01/18/18
16:06
Earnings
Mellanox reports Q4 adjusted EPS 82c, consensus 68c »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

AXP

American Express

$99.85

-0.9 (-0.89%)

16:06
01/18/18
01/18
16:06
01/18/18
16:06
Earnings
American Express reports Q4 adjusted EPS $1.58, consensus $1.54 »

Reports Q4 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

TXN

Texas Instruments

$116.41

-2.75 (-2.31%)

16:05
01/18/18
01/18
16:05
01/18/18
16:05
Hot Stocks
Breaking Hot Stocks news story on Texas Instruments »

Texas Instruments: Brian…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

PBCT

People's United

$19.43

-0.02 (-0.10%)

16:04
01/18/18
01/18
16:04
01/18/18
16:04
Earnings
People's United reports Q4 operating EPS 31c, consensus 27c »

Q4 net interest margin…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

CRL

Charles River

$106.61

-0.16 (-0.15%)

16:04
01/18/18
01/18
16:04
01/18/18
16:04
Initiation
Charles River initiated  »

Charles River initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.