Report
Alex Zhao
EUR 101.80 For Business Accounts Only

CenturyLink aims to increase scale and enterprise focus after merging with Level 3.

CenturyLink posted a weak quarter, as we expected, while the acquired Level 3 business saved the day. CenturyLink continues to suffer weakness in both its standalone enterprise and consumer segments, while Level 3, which mainly sells to enterprise, sees continued recovery on top line growth. While the firm is realizing cost synergies, we maintain our view that growth in Level 3’s operations will be offset by weakness in CenturyLink’s legacy businesses. We maintain our no-moat rating and $19 fair...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Zhao

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