Morgan Stanley Sees CenturyLink Inching Towards Revenue Stability

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In a report published Monday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on

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CenturyLink

(NYSE: CTL).In the report, Morgan Stanley noted, “CTL has shown two consecutive quarters of Y/Y revenue growth, though we expect slightly negative growth in 3Q14. Strategic services is now ~56% of core revenues (vs. 50% in 2012) suggesting revenue stability is in sight.”CenturyLink closed on Friday at $39.93.