Near an All-Time Low, Is CenturyLink a Buy? [telecom]

The dividend yield is once again in the double digits.

Billy Duberstein (TMFStoneOak)

2019 has not been kind to CenturyLink (NYSE:CTL) investors. Of course, neither was 2018. Or 2017. Since touching highs over $40 in 2015, the stock has been on a slow and steady descent to just under $10 today.

Revenue pressures in legacy technologies such as voice landlines and declining prices for wholesale fiber sales have caused revenues to decline. That, combined with a high debt load, has caused investors to flee. The company also surprised investors with a dividend cut on its first-quarter conference call, leading many yield-seekers to sell.

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Posted 5 years ago by Bill Horne in General Telecommunications Forum

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