|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||52.66 - 53.63|
|52-week range||52.66 - 53.63|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
CenturyLink was the third-best performer in the S&P 500 on October 30. It started the day with strong sentiment and rose as the day progressed on Monday.
Telecommunication stocks have reported mixed third-quarter financial numbers. High customer concentration and consolidated wireless industry are likely to hurt the companies' top line.
CenturyLink (CTL) seeks permission from the FCC to deploy fixed wireless spectrum bands to accelerate rural broadband expansion.
Last week was pretty eventful for the telecom industry despite most major telecom stocks losing value.
Level 3 Communications (LVLT) is making cloud-based Adaptive Network Security available across new regions by constructing gateways in more locations, to quickly respond to customers' security needs.
Verizon (VZ) plans to shut down four-legacy interstate DS0 services in seven states, citing weak interest and the migration of customers toward other fiber-centric options.
The merger between CenturyLink (CTL) and Level 3 Communications (LVLT) has been approved by the U.S. Department of Justice. The deal is expected to close by October end.
The US Department of Justice said Tuesday that Level 3 Communications will have to sell networks in three American cities ahead of its planned acquisition by telecoms giant CenturyLink. To preserve competition in US telecoms markets, the department will also require both companies to offer leased access to unused, or "dark," fiber-optic cable along 30 intercity routes before they can proceed with CenturyLink's $34 billion purchase of Level 3. "These divestitures will ensure that consumers of such services in the affected metropolitan areas and consumers of dark fiber between the city pairs in question will continue to enjoy the benefits of competition," Assistant Attorney General Makan Delrahim, head of the department's anti-trust division, said.