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Stifel Nicolaus Maintains Buy on CenturyLink
Monday, August 8, 2011 - 8:48am | 90Stifel Nicolaus is out with its report today on CenturyLink (NYSE: CTL), maintaining Buy. In its report, Stifel Nicolaus writes, "With the stock trading at an 18.8% 2012E free cash flow yield and 5.2x our 2012E EBITDA forecast, we believe the stock remains a compelling opportunity for investors...
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Gabelli Maintains Hold on Windstream
Monday, August 8, 2011 - 8:43am | 92Gabelli is out with its report today on Windstream (NYSE: WIN), maintaining Hold. In its report, Gabelli writes, "Windstream does deserve a premium valuation over its RLEC peers, given its defensible rural footprint, strong FCF generation prospects, and significant exposure to growing broadband...
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JP Morgan Reports On Windstream's Solid 2Q
Monday, August 8, 2011 - 8:27am | 94JP Morgan has published a research report on Windstream (NASDAQ: WIN) after the company reported its 2Q earnings. In the report, JP Morgan writes, "Windstream reported a solid 2Q11, delivering sequential and y/y revenue growth. The company continues to successfully shift away from consumer voice...
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Bank of America Reiterates Neutral and PT of $36 on Verizon Communications
Monday, August 8, 2011 - 8:19am | 57Bank of America reiterated its Neutral rating on Verizon Communications (NYSE: VZ). At the same time, the rating agency left its price target on the company's stock unchanged at $36. On Friday, VZ closed the day at $35.05. Its shares lost 3.42% of their value in today's pre-market trading to stand...
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Bank of America Comments on Verizon During Strike
Monday, August 8, 2011 - 7:32am | 99Bank of America has published a report on Verizon Communications Inc (NYSE: VZ) as the strike among the company's employees continues. In the report, Bank of America wrote, "This is a stock market environment unforgiving of uncertainty in our view, but historical precedent would suggest that the...
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Nearly Half of Verizon Workers Strike over Failed Contract Negotiations
Monday, August 8, 2011 - 6:01am | 262Verizon Communications (NYSE: VZ) is facing a renewed sense of urgency in contract negotiations with its labor unions this week, as nearly half of its workforce went on strike Sunday over the lack of a deal. The strike includes network technicians, customer-oriented employees and other support...
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Verizon Workers May Strike this Weekend
Friday, August 5, 2011 - 6:14am | 74Verizon Communications' (NYSE: VZ) unionized workers may strike this weekend as their contract is set to expire this Saturday at midnight. The two sides remain far apart, potentially setting the stage for the first strike in 11 years as Verizon seeks some of the biggest concessions in years from...
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US Stock Futures Down; Payrolls Data In Focus
Friday, August 5, 2011 - 4:48am | 482US stock futures are lower this morning, as investors are awaiting employment data. Futures for the Dow Jones Industrial Average dipped 46 points to 11,325.00 and S&P 500 index futures fell 3.60 points to 1,195.10. Nasdaq 100 futures dropped 7.00 points to 2,202.50. US stocks closed lower on...
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Earnings Scheduled For August 5
Friday, August 5, 2011 - 2:58am | 457Weight Watchers International Inc (NYSE: WTW) is expected to report its Q2 EPS at $1.12 on revenue of $470.16 million. Procter & Gamble Company (The) (NYSE: PG) is projected to report its FQ4 earnings at 0.82 per share on revenue of $20.63 billion. The AES Corporation (NYSE: AES) is...
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Gilford Downgrades comScore To Hold
Thursday, August 4, 2011 - 8:28am | 39Gilford Securities has downgraded comScore (NASDAQ: SCOR) from Buy to Hold due to the delay in the AT&T (NYSE: T) Mobile merger.
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Citi Comments on CBeyond After Second Quarter Results
Thursday, August 4, 2011 - 8:13am | 105Citi has published a research report on Cbeyond Inc (NASDAQ: CBEY) noting 2Q results are as expected at the communications and information technology company. In the report, Citi wrote, "We see several positives emerging from 2Q results: 1) EOC strategy is tracking to convert >25% of...
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Deutsche Bank Reiterates Hold and PT of $14 on Cbeyond
Thursday, August 4, 2011 - 8:12am | 42Deutsche Bank reiterated its Hold rating on Cbeyond (NASDAQ: CBEY). At the same time, the rating agency left its price target on the company's stock unchanged at $14. On Wednesday, CBEY closed the day at $10.76.
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UPDATE: Citi Lowers PT from $8 to $7.50 on Frontier Communications Corporation
Thursday, August 4, 2011 - 7:38am | 102Citi has published a report on Frontier Communications Corp (NYSE: FTR) hinting at a risk of change in guidance numbers, and lowering the price target. In the report, Citi wrote, "We retain our Hold-rating on Frontier, and believe share price appreciation will depend on the company showing further...
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Bank of America Previews 2Q Results for Windstream Corporation
Thursday, August 4, 2011 - 7:07am | 122Bank of America has published a report on Windstream Corporation (NASDAQ: WIN) previewing second quarter results. In the report, Bank of America wrote, "Deleveraging. The company increased its balance sheet flexibility in the first quarter and we are interested in an update on management's...
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Piper Jaffray Comments On CenturyLink 2Q11 Results
Thursday, August 4, 2011 - 7:02am | 71According to Piper Jaffray, CenturyLink (NYSE: CTL) released its 2Q11 results before the market open. Piper Jaffray said that financial results were generally in-line with its expectations. “Access line losses were slightly better while broadband adds were light. We think the softness in the...