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Whether to sell its cloud-based Web-hosting business looms as a key issue facing CenturyLink (CTL), says Cowen & Co., which initiated coverage on the phone company with a neutral rating. CenturyLink is the nation’s No. 3 local phone company, behind AT&T and Verizon Communications (VZ). “(CenturyLink’s) dividend yield is currently the highest in the S&P 500 at around 8.4%,” said Cowen analyst Gregory Williams in a research report. “Underpinning the Scalper1 News
Scalper1 News