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CenturyLink

$9.96 /

+1.275 (+14.69%)

05:50
03/25/20
03/25
05:50
03/25/20
05:50

CenturyLink downgraded to Sell from Neutral at Citi

Citi analyst Michael Rollins downgraded CenturyLink to Sell from Neutral with a price target of $6, down from $13. The analyst sees rising risks to the business wireline market over the next two years given the spread of COVID-19 and the potential for economic weakness or recession to follow. While CenturyLink has been investing to take share in the business market and may see an initial benefit from demand for VPN and remote work solutions, the company will face financial headwinds and dilution during the second half of 2020 and peak negative impacts during 2021, Rollins tells investors in a research note. The analyst believes this resulting weakness is likely to increase the companby's net debt leverage back towards 4.0 times in 2021. Risks of faster revenue erosion, higher leverage and future fiber investment needs may weigh on CenturyLink's multiple, says Rollins.

CTL CenturyLink
$9.96 /

+1.275 (+14.69%)

03/16/20 Raymond James
CenturyLink downgraded to Underperform from Market Perform at Raymond James
03/16/20 Raymond James
CenturyLink downgraded to Underperform from Market Perform at Raymond James
02/20/20
Fly Intel: Top five analyst downgrades
02/20/20 BofA
CenturyLink downgraded to Underperform from Neutral at BofA

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$32.41 /

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$122.11 /

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Intel

$54.20 /

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Altra Industrial Motion

$15.60 /

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NDSN

Nordson

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TPI Composites

$13.35 /

+0.5 (+3.89%)

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Sabesp

$6.34 /

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JPMorgan analyst Henrique…

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