Citi: Another Dividend Cut Ahead for CenturyLink?

Citigroup’s Michael Rollins has an update on CenturyLink (CTL) today, and it’s not particularly heartening news for those hoping for higher sales to support a growing yield. Rollins reiterated a Hold rating on the stock and lowered his target price by $4, to $36 after the company’s first-quarter earnings report and its revised reporting segments. [...]