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CTL

CenturyLink

$15.83

0.305 (1.97%)

, UNIT

Uniti Group

$16.35

(0.00%)

09:55
03/26/18
03/26
09:55
03/26/18
09:55

Morgan Stanley telecom services analyst to hold analyst/industry conference call

Telecom Services Analyst Flannery, along with David Hamburger, Investment Grade/High Yield Loan TMT Credit Sector Specialist and U.S. Sales, Telecom & Media Specialist Diffley, discuss their latest viewpoints across the capital structures of CTL, UNIT, FTR, WIN, TDS and CBB on an Analyst/Industry conference call to be held on March 26 at 11 am.

CTL

CenturyLink

$15.83

0.305 (1.97%)

UNIT

Uniti Group

$16.35

(0.00%)

FTR

Frontier Communications

$6.93

-0.02 (-0.29%)

WIN

Windstream

$1.67

-0.1 (-5.65%)

TDS

Telephone and Data

$27.97

0.205 (0.74%)

CBB

Cincinnati Bell

$13.40

0.05 (0.37%)

  • 26

    Mar

CTL CenturyLink
$15.83

0.305 (1.97%)

03/13/18
GUGG
03/13/18
INITIATION
Target $17
GUGG
Neutral
CenturyLink initiated with a Neutral at Guggenheim
Guggenheim analyst Mike McCormack initiated coverage of the Telecom Services space, starting CenturyLink with a Neutral rating and $17 price target, as he believes the Independent Local Exchange Carriers, or ILECs, burdened by legacy revenue are disadvantaged.
02/14/18
02/14/18
UPGRADE
Target $9

Outperform
Calix upgraded to Outperform with $9 price target at Northland
As previously reported, Northland analyst Tim Savageaux upgraded Calix (CALX) to Outperform from Market Perform, stating that while its Q4 results missed expectations the company looks to have meaningfully addressed its operating expense and gross margin issues. While he expects slower growth as a ramp at Verizon (VZ) offsets weakness at CenturyLink (CTL), he estimates the company will turn from a loss to "solid profits" in FY18, Savageaux tells investors. He set a $9 price target on Calix shares.
02/15/18
JEFF
02/15/18
NO CHANGE
Target $17
JEFF
Hold
CenturyLink results generally in-line excluding items, says Jefferies
Jefferies analyst Scott Goldman says CenturyLink's were messy as expected given the mid-quarter Level 3 acquisition closing. Excluding one-time items, the results were generally in-line, as was the guidance, Goldman tells investors in a post-earnings research note titled "A Satisfying Guide, Though Don't be Fooled by the Headlines." He expects the stock to react positively today given the "considerable apprehension" ahead of the guidance. The analyst leaves quarter "slightly more positive" on CenturyLink but keeps a Hold rating on the name with a $17 price target.
02/15/18
MSCO
02/15/18
NO CHANGE
Target $21.6
MSCO
Overweight
CenturyLink results, guidance enough for relief rally, says Morgan Stanley
Morgan Stanley analyst Simon Flannery called CenturyLink's Q4 results and 2018 guidance "messy," but he also believes they provide enough fuel to de-risk the stock in the near-term and drive a relief rally. Management reiterated confidence in the dividend payout, noted prospects for significant margin expansion and expects steady deleveraging helped by recent tax reform, noted Flannery, who has an Overweight rating and $21.60 price target on CenturyLink shares.
UNIT Uniti Group
$16.35

(0.00%)

10/02/17
JPMS
10/02/17
DOWNGRADE
Target $16
JPMS
Neutral
Uniti Group downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Philip Cusick downgraded Uniti Group (UNIT) to Neutral saying the "theme of Windstream's (WIN) distress continues to increase in volume."Shares of Uniti could weaken further before its relationship with Windstrean is confirmed, Cusick tells investors in a research note. He believes Windstrean's fight with creditors could impact its ability to pay Uniti's lease. The analyst cut his price target for Uniti Group shares to $16 from $27.
10/03/17
RHCO
10/03/17
NO CHANGE
RHCO
Uniti Group weakness overdone, says SunTrust
After a Windstream (WIN) noteholder alleged that the company defaulted on its covenant as a result of the spin off of Unit (UNIT)i, SunTrust analyst Greg Miller says that this development added to the decline of Uniti's stock and increases its legal risk. However, he thinks that Windstream will be able to convince the court to dismiss the noteholder's petition, and he consequently believes that the decline in Uniti is overdone. He cut his price target on Uniti to $25 from $30 but keeps a Buy rating on the shares.
10/02/17
10/02/17
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. PepsiCo (PEP) downgraded to Hold from Buy at Jefferies with analyst Kevin Grundy saying North American beverage trends continue to deteriorate and Pepsi's likely need for reinvestment should "cap the stock" over the next 12 months. 2. Western Digital (WDC) downgraded to Neutral from Outperform at Baird with analyst Tristan Gerra saying he believes the potential outcomes from the company's ongoing litigation with Toshiba (TOSYY) "range from neutral to significantly negative" and the ongoing fight will cap the stock's valuation in the near-term. 3. Uniti Group (UNIT) downgraded to Neutral from Overweight at JPMorgan with analyst Philip Cusick saying the "theme of Windstream's (WIN) distress continues to increase in volume." 4. Parker-Hannifin (PH) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Nigel Coe saying he sees a more balanced risk-reward following the stock's strong outperformance since the election. 5. bluebird bio (BLUE) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Matthew Harrison saying he believes the risks ahead of the company's presentation of LentiGlobin sickle cell data at December's American Society of Hematology meeting remains underappreciated. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/17
SBSH
09/26/17
DOWNGRADE
Target $18
SBSH
Neutral
Uniti Group downgraded to Neutral wiht $18 price target at Citi
Citi analyst Michael Rollins downgraded Uniti Group (UNIT) to Neutral from Buy and cut his price target for the shares to $18 from $27. The widening of Windstream's (WIN) bond spreads could drive further near-term underperformance for Uniti given their relatively high correlation to Uniti's dividend yield, Rollins tells investors in a research note. He believes potential catalysts for Uniti may be further out than previously thought.
FTR Frontier Communications
$6.93

-0.02 (-0.29%)

02/28/18
MSCO
02/28/18
NO CHANGE
Target $16
MSCO
Equal Weight
Frontier dividend suspension not entirely unexpected, says Morgan Stanley
Morgan Stanley analyst Simon Flannery noted that 91% of investors in a prior survey conducted by the firm said they expected Frontier Communications (FTR) to cut its dividend in 2018, though he also views the change as earlier and bigger than may have been expected. He also pointed out that when Windstream (WIN) eliminated its own dividend in August 2017, the stock fell 36% the next day, though he added that he thinks that dividend cut was more unexpected. Flannery, who questions whether the dividend news will overshadow Frontier's in-line quarterly results and better than expected 2018 guidance, has an Equal Weight rating on the stock.
03/13/18
GUGG
03/13/18
INITIATION
Target $6
GUGG
Sell
Frontier Communications initiated with a Sell at Guggenheim
Guggenheim analyst Mike McCormack initiated coverage of the Telecom Services space, starting Frontier Communications with a Sell rating and $6 price target, as he believes the Independent Local Exchange Carriers, or ILECs, burdened by legacy revenue are disadvantaged.
02/28/18
02/28/18
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. Celgene (CELG) downgraded to Hold from Buy at SunTrust by analyst Yatin Suneja after the company received a refusal to file letter from the FDA on ozanimod for relapsing forms of multiple sclerosis. Suneja said that following pipeline setbacks in late 2017, ozanimod was central to his "bull thesis to re-accelerate growth" and provide "much needed diversification away from myeloma." Given the delay, he lowered his ozanimod peak sales estimate to $3.5B from $5B. The refusal to file letter could result in a 24-month or longer delay for ozanimod's launch in relapsing forms of multiple sclerosis, Suneja said. 2. Frontier Communications (FTR) downgraded to Hold from Buy at Jefferies by analyst Scott Goldman. With the dividend now suspended and EBITDA stabilization "still a work in progress," the shares have no near-term catalyst, Goldman said. He believes "significant challenges" remain for Frontier following the dividend suspension. 3. Comcast (CMCSA, CMCSK) downgraded to Neutral from Outperform at Macquarie by analyst Amy Young, who cited uncertainty around the M&A playbook and increased net leverage. Young said Comcast's intention to acquire Sky (SKYAY) diversifies its portfolio and increases international revenues to 25% of total from 9% currently, but exposes it to satellite TV, which faces secular pressures. The analyst views the 12x price tag for Sky as high, questions the synergies, and believes the unpredictability could cap near-term upside. 4. e.l.f. Beauty (ELF) downgraded to Market Perform from Outperform at BMO Capital by analyst Shannon Coyne, who cited the "near-term challenges in the mass category" and heightened competition yielding further pressure on results and the stock in the near term. The analyst also points to the management having lowered its expectations for the 3rd time in 6 months, adding that it may take some time for investor confidence to return. Despite the downgrade, the analyst believes that e.l.f "has material white space in existing and new retailers" as well as an "unmatched strong value proposition." 5. Maxim Integrated (MXIM) downgraded to Neutral from Outperform at Macquarie by analyst Srini Pajjuri, who said shares have significantly outperformed the SOX index year-to-date and believes healthy fundamentals are now backed in, combined with some M&A premium. Pajjuri believes further upside is limited on a fundamental basis and believes comps will get tougher in the second half of 2018 and sees risk of higher volatility in Consumer as Samsung GS9 builds fade. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/28/18
JEFF
02/28/18
DOWNGRADE
Target $8
JEFF
Hold
Frontier Communications downgraded to Hold from Buy at Jefferies
Jefferies analyst Scott Goldman downgraded Frontier Communications to Hold and cut his price target for the shares to $8 from $25. With the dividend now suspended and EBITDA stabilization "still a work in progress," the shares have no near-term catalyst, Goldman tells investors in a post-earrings research note. He believes "significant challenges" remain for Frontier following the dividend suspension.
WIN Windstream
$1.67

-0.1 (-5.65%)

01/02/18
JPMS
01/02/18
DOWNGRADE
JPMS
Underweight
Windstream downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Philip Cusick downgraded Windstream to Underweight saying he sees fundamental business challenges continuing in both the near and long term. On the consumer side, the analyst expects competition from cable and satellite could capture up to 60% of Windstream's current subscriber base. Cusick does not have a price target for the shares.
01/02/18
01/02/18
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. Johnson & Johnson (JNJ) downgraded to Neutral from Overweight at JPMorgan with analyst Michael Weinstein saying he sees greater upside potential in other large cap names with J&J shares trading at 17.9 times his 2018 earnings estimate. 2. PG&E (PCG) downgraded to Sell from Neutral at Guggenheim and to Neutral from Buy at Goldman Sachs. Goldman analyst Michael Lapides saying resolution of claims from the California wildfires, if inverse condemnation is applied, could take years and "cash flow/balance sheet impacts could prove significant still." 3. Allstate (ALL) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Meyer Shields saying the company's margin expansion story has played out. 4. Cabot Oil & Gas (COG) downgraded two notches to Underperform from Outperform at Raymond James with analyst John Freeman citing valuation after "considerable" 2017 share outperformance. 5. Windstream (WIN) downgraded to Underweight from Neutral at JPMorgan with analyst Philip Cusick saying he sees fundamental business challenges continuing in both the near and long term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/18
GUGG
03/13/18
INITIATION
Target $1.35
GUGG
Sell
Windstream initiated with a Sell at Guggenheim
Guggenheim analyst Mike McCormack initiated coverage of the Telecom Services space, starting Windstream with a Sell rating and $1.35 price target, as he believes the Independent Local Exchange Carriers, or ILECs, burdened by legacy revenue are disadvantaged.
TDS Telephone and Data
$27.97

0.205 (0.74%)

11/09/17
DRXL
11/09/17
UPGRADE
DRXL
Buy
Telephone and Data upgraded to Buy from Hold at Drexel Hamilton
Drexel Hamilton analyst Barry Sine upgraded Telephone and Data to Buy with a $34 price target citing valuation and strong results for two quarters in a row.
CBB Cincinnati Bell
$13.40

0.05 (0.37%)

11/30/17
MSCO
11/30/17
INITIATION
Target $24
MSCO
Equal Weight
Cincinnati Bell resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Simon Flannery resumed coverage of Cincinnati Bell with an Equal Weight rating and $24 price target, saying he is taking a conservative valuation approach for now as he waits to see if the "new Cincinnati Bell" can separate itself from peers, some of whom have seen their stocks punished after making M&A moves.
08/08/17
GABE
08/08/17
DOWNGRADE
GABE
Hold
Cincinnati Bell downgraded to Hold from Buy at Gabelli
Gabelli analyst Sergey Dluzhevskiy downgraded Cincinnati Bell to Hold following the better than expected Q2 report primarily due to valuation.
05/15/17
WELS
05/15/17
NO CHANGE
WELS
Consolidated Communications, Cincinnati Bell weakness overdone, says Wells Fargo
Wells Fargo says that the declines in the shares of Consolidated Communications (CNSL) and Cincinnati Bell (CBB) is overdone. The firm thinks that the companies' investments in fiber will enable them to "more than..hold their own against the cable companies."

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
12/19/18
12/19
10:17
12/19/18
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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12/19
10:16
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10:16
Technical Analysis
NYSE market internals summary »

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10:15
12/19/18
12/19
10:15
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10:15
General news
U.S. existing home sales rose 1.9% to 5.320 M in November »

U.S. existing home sales…

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10:15
General news
Breaking General news story  »

Week of 12/14 EIA…

XLU

Utilities SPDR

$54.42

-0.21 (-0.38%)

10:10
12/19/18
12/19
10:10
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10:10
Options
18.8K SPDR Utility Fund Dec 51 - 53 put spreads trade 12c »

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FND

Floor & Decor

$26.63

0.09 (0.34%)

10:06
12/19/18
12/19
10:06
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10:06
Recommendations
Floor & Decor analyst commentary  »

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BWA

BorgWarner

$35.14

0.73 (2.12%)

10:05
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12/19
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10:05
Hot Stocks
BorgWarner extends agreement to be Official Turbocharger Partner of INDYCAR »

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SEED

Origin Agritech

$6.37

(0.00%)

10:03
12/19/18
12/19
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Origin Agritech announces establishment of two additional joint ventures »

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10:02
12/19/18
12/19
10:02
12/19/18
10:02
General news
Existing Home Sales data reported »

November Existing Home…

APD

Air Products

$156.68

1.95 (1.26%)

10:02
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12/19
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10:02
Hot Stocks
Air Products to supply three nitrogen generation plants to energy project »

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FDX

FedEx

$169.62

-15.39 (-8.32%)

10:00
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12/19
10:00
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10:00
Hot Stocks
FedEx falls -8.4% »

FedEx is down -8.4%, or…

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FTSI

FTS International

$7.54

-0.7 (-8.50%)

10:00
12/19/18
12/19
10:00
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Hot Stocks
FTS International falls -8.6% »

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  • 10

    Feb

UGAZ

VelocityShares 3x Long Natural Gas ETN

$73.20

-14.04 (-16.09%)

10:00
12/19/18
12/19
10:00
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Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -15.9% »

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JBL

Jabil

$24.37

2.16 (9.73%)

10:00
12/19/18
12/19
10:00
12/19/18
10:00
Hot Stocks
Jabil rises 9.8% »

Jabil is up 9.8%, or…

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FDX

FedEx

$169.62

-15.39 (-8.32%)

10:00
12/19/18
12/19
10:00
12/19/18
10:00
Options
Fedex delivers pain to pre-earnings call buyers »

Fedex delivers pain to…

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CIVI

Civitas Solutions

$17.60

1.91 (12.17%)

10:00
12/19/18
12/19
10:00
12/19/18
10:00
Hot Stocks
Civitas Solutions rises 12.5% »

Civitas Solutions is up…

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  • 08

    Mar

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$84.73

11.65 (15.94%)

10:00
12/19/18
12/19
10:00
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10:00
Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 15.9% »

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AGN

Allergan

$138.38

-8.39 (-5.72%)

09:55
12/19/18
12/19
09:55
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09:55
Options
Allergan put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 05

    Jan

GIS

General Mills

$39.15

2.45 (6.68%)

, GE

General Electric

$7.65

0.38 (5.23%)

09:55
12/19/18
12/19
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09:55
Options
Early notable gainers among liquid option names on December 19th »

Notable gainers among…

GIS

General Mills

$39.15

2.45 (6.68%)

GE

General Electric

$7.65

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FCX

Freeport McMoRan

$10.73

0.13 (1.23%)

SEE

Sealed Air

$34.68

0.72 (2.12%)

CF

CF Industries

$42.94

1.17 (2.80%)

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  • 19

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$255.67

0.58 (0.23%)

09:51
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12/19
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09:51
Periodicals
White House won't tell CNBC when Trump spoke to Powell last »

CNBC's Eamon Javers…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$255.67

0.58 (0.23%)

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09:50
12/19/18
12/19
09:50
12/19/18
09:50
General news
U.S. existing home sales preview: »

U.S. existing home sales…

FDX

FedEx

$168.79

-16.22 (-8.77%)

09:47
12/19/18
12/19
09:47
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09:47
Hot Stocks
FedEx falls -8.7% »

FedEx is down -8.7%, or…

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$72.52

-14.72 (-16.87%)

09:47
12/19/18
12/19
09:47
12/19/18
09:47
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -16.7% »

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FTSI

FTS International

$7.44

-0.8 (-9.71%)

09:47
12/19/18
12/19
09:47
12/19/18
09:47
Hot Stocks
FTS International falls -10.0% »

FTS International is down…

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  • 10

    Feb

CIVI

Civitas Solutions

$17.59

1.9 (12.11%)

09:47
12/19/18
12/19
09:47
12/19/18
09:47
Hot Stocks
Civitas Solutions rises 12.3% »

Civitas Solutions is up…

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  • 08

    Mar

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