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CenturyLink, Inc. Message Board

  • bozo2600 bozo2600 Feb 14, 2013 11:40 AM Flag

    Citigroup downgrade - $37 PT

    CenturyLink was downgraded by analysts at Citigroup from a buy rating to a neutral rating. The firm currently has $37.00 target price on the stock, down from their previous target price of $43.00. The analysts wrote, “We are reducing our rating on CTL to Neutral and our target price to $37, as CTL’s long-term financial targets imply less cash flow generation relative to what we previously estimated over the next few years and dilutes the valuation support that we believe its prior dividend yield provided. Our rating revision is partly based on the after-market share price of ~$36, according to Factset, & we recognize the sudden change in dividend policy could result in further downside risk to CTL shares in the near-term.”

30.90+0.26(+0.85%)Jul 22 4:01 PMEDT