Deutsche Bank Initiates "Hold" Rating on CenturyLink (CTL)

Deutsche Bank Initiates “Hold” Rating on CenturyLink (CTL)


Deutsche Bank has initiated coverage of communications company, CenturyLink, Inc. (CTL).

The firm has begun coverage of CTL with a “Hold” rating and a $35 price target. This price target suggests a -3% decline from the stock’s current price of $36.16.

An analyst from the firm commented, “we view CTL as the best positioned operator in the traditional wireline services segment with the safest dividend and most attractive overall cash return policy. However, we believe that current valuation (6% dividend yield, 5.8x ‘13E EBITDA) appropriately balances these factors against an outlook for sustained pressures to margins and cash flows (even as the top line returns to growth) and a projected 1/3rd decline in Adjusted FCF over the next 3 years due to ramping cash taxes (as the benefits of bonus depreciation reverse).”

CenturyLink shares were down 25 cents, or -0.69% during premarket trading Tuesday. The stock has declined -6% in the past year.

The Bottom Line
Shares of CenturyLink, Inc. (CTL) have a 5.97% yield, based on Monday’s closing price of $36.16.

CenturyLink, Inc. (CTL) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today