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12% Yielding Telecom Boosted Several Ringy Dingies

|About: CenturyLink, Inc. (CTL)

It would seem that some fellow analysts are finally catching on to our recommendation as regards our CenturyLink (CTL) holding in the Fill-The-Gap Portfolio.


Thursday morning, RBC's Jonathan Atkin had this to say:

Current valuation offers investors positive optionality,". He then went on to upgrade CenturyLink to Outperform from Sector Perform.

His $22.00 price target suggests more than 25% upside from yesterday's close.

New management can drive higher EBITDA through restructuring, says Atkin, and tax reform, cost efficiency, and free cash flow accretion make the dividend sustainable.

Source: Bloomberg's Lisa Fu

Shares were up 4.3% premarket to $18.13.

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Disclosure: I am/we are long CTL.