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CTL

CenturyLink

$14.70

0.15 (1.03%)

17:05
02/13/19
02/13
17:05
02/13/19
17:05

CenturyLink down 8% to $13.54 after Q4 results, FY guidance, dividend reduction

  • 13

    Feb

  • 25

    Feb

CTL CenturyLink
$14.70

0.15 (1.03%)

02/05/19
02/05/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Rent-A-Center (RCII) downgraded to Neutral from Buy at Janney Montgomery Scott with analyst John Rowan citing the stock's 50% rise from its intra-day low of $11.98 on December 18, 2018. 2. Equifax (EFX) downgraded to Hold from Buy at Deutsche Bank with analyst Ashish Sabadra saying the shares have rallied significantly off the bottom and outperformed the market year-to-date due to expectations for improving mortgage originations and overall consumer lending. 3. Kraft Heinz (KHC) downgraded to Hold from Buy at Deutsche Bank with analyst Rob Dickerson saying his analysis shows store brands continue to increase distribution points and take share in the majority of Kraft Heinz's largest categories. 4. CenturyLink (CTL) downgraded to Sell from Neutral at Citi with analyst Michael Rollins saying he expects headwinds on revenue and cash flow, a possible dividend cut, and the likelihood for capex upgrades to lead to further multiple contraction. 5. Cronos Group (CRON) downgraded to Hold from Buy at GMP Securities with analyst Martin Landry citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/05/19
SBSH
02/05/19
DOWNGRADE
Target $11
SBSH
Sell
Citi sees 50% dividend cut for CenturyLink in 2020, downgrades to Sell
Citi analyst Michael Rollins downgraded CenturyLink to Sell from Neutral and cut his price target for the shares to $11 from $19. The analyst expects headwinds on revenue and cash flow, a possible dividend cut, and the likelihood for capex upgrades to lead to further multiple contraction. CenturyLink will face a "growing tug of war" on cash flow beginning in 2019, which will result in a dividend payout level "well above its previously articulated comfort zone," Rollins tells investors in a research note. The analyst forecasts a 50% dividend cut in 2020 for CenturyLink. Further, he believes a sum-of-parts approach "is not compelling" given that the heritage CenturyLink operations are experiencing mid-single digit revenue declines and Level 3 hasn't grown revenue over the last two years.
02/05/19
SBSH
02/05/19
DOWNGRADE
SBSH
Sell
CenturyLink downgraded to Sell from Neutral at Citi
Citi analyst Michael Rollins downgraded CenturyLink to Sell.
01/29/19
JPMS
01/29/19
NO CHANGE
Target $38
JPMS
Overweight
CenturyLink deal for Zayo Group could be difficult, says JPMorgan
JPMorgan analyst Philip Cusick says within the potential reported bidders for Zayo Group (ZAYO), he remains "somewhat skeptical" of a strategic transaction by a customer. He sees many of the customers as either not really needing to own the asset or not wanting to own parts of the assets. However, a deal with CenturyLink (CTL) could make strategic sense, says Cusick, who models $280M of annual synergies in his base case. The analyst, though, feels CenturyLink acquiring Zayo could be difficult given CenturyLink's "stretched balance sheet and very expensive cost of equity." Regardless of a potential deal, Cusick continues to recommend Zayo shares with an Overweight rating and $38 target, mostly based on fundamental improvements from here with the potential for a "faster return through M&A."

TODAY'S FREE FLY STORIES

MANT

ManTech

$58.49

0.58 (1.00%)

16:11
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16:11
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ManTech increases quarterly dividend to 27c from 25c »

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ROG

Rogers Corporation

$136.53

1.23 (0.91%)

16:11
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XPER

Xperi

$23.18

0.36 (1.58%)

16:11
02/20/19
02/20
16:11
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Earnings
Breaking Earnings news story on Xperi »

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CBLK

Carbon Black

$16.50

0.16 (0.98%)

16:11
02/20/19
02/20
16:11
02/20/19
16:11
Earnings
Carbon Black sees Q1 EPS (23c)-(22c), consensus (21c) »

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ROG

Rogers Corporation

$136.53

1.23 (0.91%)

16:11
02/20/19
02/20
16:11
02/20/19
16:11
Earnings
Rogers Corporation sees Q1 adjusted EPS $1.25-$1.40, consensus $1.42 »

Sees Q1 revenue…

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XPER

Xperi

$23.18

0.36 (1.58%)

16:11
02/20/19
02/20
16:11
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Earnings
Breaking Earnings news story on Xperi »

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    Mar

AMSWA

American Software

$11.61

0.09 (0.78%)

16:10
02/20/19
02/20
16:10
02/20/19
16:10
Earnings
American Software reports Q3 adjusted EPS 10c, one estimate 4c »

Reports Q3 revenue…

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  • 20

    Feb

ROG

Rogers Corporation

$136.52

1.22 (0.90%)

16:10
02/20/19
02/20
16:10
02/20/19
16:10
Earnings
Rogers Corporation reports Q4 adjusted EPS $1.67, consensus $1.27 »

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    Mar

CBLK

Carbon Black

$16.54

0.2 (1.22%)

16:10
02/20/19
02/20
16:10
02/20/19
16:10
Earnings
Carbon Black reports Q4 EPS (20c), consensus (24c) »

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    Feb

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    Mar

LOPE

Grand Canyon

$97.03

0.08 (0.08%)

16:10
02/20/19
02/20
16:10
02/20/19
16:10
Earnings
Grand Canyon reports Q4 EPS $1.56, consensus $1.42 »

Reports Q4 revenue…

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  • 20

    Feb

MANT

ManTech

$58.49

0.58 (1.00%)

16:10
02/20/19
02/20
16:10
02/20/19
16:10
Earnings
ManTech sees FY19 EPS $2.15-$2.28, consensus $2.32 »

Sees FY19 revenue $2.05B…

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  • 20

    Feb

GDDY

GoDaddy

$72.30

-0.39 (-0.54%)

16:10
02/20/19
02/20
16:10
02/20/19
16:10
Hot Stocks
Breaking Hot Stocks news story on GoDaddy »

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  • 20

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  • 25

    Feb

GDOT

Green Dot

$74.60

-0.14 (-0.19%)

16:09
02/20/19
02/20
16:09
02/20/19
16:09
Earnings
Green Dot sees FY19 adjusted EPS $3.59-$3.67, consensus $3.62 »

Sees FY19 revenue…

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SITC

Site Centers

$12.98

-0.41 (-3.06%)

16:09
02/20/19
02/20
16:09
02/20/19
16:09
Earnings
Site Centers sees FY19 FFO $1.13-$1.18, consensus $1.16 »

Backs FY19 Same-store NOI…

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  • 20

    Feb

A

Agilent

$78.56

1.08 (1.39%)

16:09
02/20/19
02/20
16:09
02/20/19
16:09
Earnings
Agilent sees Q2 EPS 70c-72c, consensus 72c »

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  • 20

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GDDY

GoDaddy

$72.29

-0.4 (-0.55%)

16:09
02/20/19
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Earnings
Breaking Earnings news story on GoDaddy »

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  • 20

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VIPS

Vipshop

$7.31

0.36 (5.18%)

16:09
02/20/19
02/20
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16:09
Earnings
Vipshop sees Q1 revenue growth 0%-5%, consensus $3.2B »

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  • 21

    Feb

GDOT

Green Dot

$74.68

-0.06 (-0.08%)

16:09
02/20/19
02/20
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16:09
Earnings
Green Dot reports Q4 adjusted EPS 56c, consensus 50c »

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MANT

ManTech

$58.49

0.58 (1.00%)

16:08
02/20/19
02/20
16:08
02/20/19
16:08
Earnings
ManTech reports Q4 EPS 50c, consensus 52c »

Reports Q4 revenue…

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  • 20

    Feb

SREV

ServiceSource

$1.15

-0.03 (-2.54%)

16:08
02/20/19
02/20
16:08
02/20/19
16:08
Earnings
ServiceSource reports Q4 FFO 31c, consensus 30c »

Reports Q4 revenue…

03/08/13
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  • 20

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    Mar

GDDY

GoDaddy

$72.29

-0.4 (-0.55%)

16:08
02/20/19
02/20
16:08
02/20/19
16:08
Earnings
GoDaddy sees 2019 revenue $2.97B-$3.0B, consensus $2.99B »

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  • 20

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    Feb

A

Agilent

$78.58

1.1 (1.42%)

16:08
02/20/19
02/20
16:08
02/20/19
16:08
Earnings
Agilent raises FY19 EPS view to $3.03-$3.07 from $3.00-$3.05, consensus $3.05 »

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  • 20

    Feb

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    Feb

VIPS

Vipshop

$7.31

0.36 (5.18%)

16:07
02/20/19
02/20
16:07
02/20/19
16:07
Earnings
Vipshop reports Q4 adjusted EPS 19c, consensus 18c »

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03/08/13
Wedge Partners
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  • 21

    Feb

NUVA

NuVasive

$55.59

-1.69 (-2.95%)

16:07
02/20/19
02/20
16:07
02/20/19
16:07
Earnings
NuVasive sees FY19 EPS $2.20-$2.30, consensus $2.47 »

Sees FY19 revenue…

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  • 20

    Feb

  • 06

    Mar

JACK

Jack in the Box

$79.03

-1.92 (-2.37%)

16:07
02/20/19
02/20
16:07
02/20/19
16:07
Earnings
Jack in the Box backs FY19 system SSS view of roughly flat to up 2% »

Backs FY19 adjusted…

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  • 21

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