Loading...
Loading...
In a report published Wednesday, Citigroup reiterated its Buy rating on CenturyLink
CTL, but lowered its price target from $46.00 to $43.00.
Citigroup noted, “We rate CTL Buy/High Risk (1H) partly based on the solid FCF support for the current dividend, & retaining financial flexibility to more quickly stabilize revenue over the next few years from organic investments & possible acquisitions. We believe CTL is likely to be a net buyer of metro-fiber assets over the next 6-18 months & a net seller of its wireless spectrum assets.”
CenturyLink closed on Monday at $38.74.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in