CenturyLink Stock Is Sinking as an Analyst Expects Its Troubles to Continue
CenturyLink (CTL) stock is falling Thursday, following a downgrade from Guggenheim. Analyst Mike McCormack cut his rating on the stock to Sell from Neutral and lowered his price target on the wireline firm to $11 from $17.
The Back Story: Wireline companies like CenturyLink have struggled in recent years. The growth of wireless has eaten away at their earnings bases, a situation that, coupled with debt, has threatened dividend payouts. CenturyLink is seen by some as one of the more stable players, but it faces the same problems, along with management turnover.
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https://www.barrons.com/articles/century...yptr=yahoo
CenturyLink (CTL) stock is falling Thursday, following a downgrade from Guggenheim. Analyst Mike McCormack cut his rating on the stock to Sell from Neutral and lowered his price target on the wireline firm to $11 from $17.
The Back Story: Wireline companies like CenturyLink have struggled in recent years. The growth of wireless has eaten away at their earnings bases, a situation that, coupled with debt, has threatened dividend payouts. CenturyLink is seen by some as one of the more stable players, but it faces the same problems, along with management turnover.
...
https://www.barrons.com/articles/century...yptr=yahoo
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