|Day Low/High||11.99 / 12.71|
|52 Wk Low/High||9.64 / 22.08|
U.S. telcos have been turning to M&A to offset revenue pressures and protect their rich dividends. That leaves conditions ripe for further dealmaking.
U.S. stocks moved higher as investors looked past a solid jobs report toward next week's election.
AT&T's bid for Time Warner was just one of the mega deals announced last month, which was a record for M&A activity.
Politics, M&A, retail, oil -- it's hard to make sense of what's going on.
Jim Cramer says the CenturyLink deal to acquire Level 3 is a positive for its shareholders.
U.S. stocks inched higher Monday on the heels of better-than-expected economic data and merger news.
GE rose after announcing that it was combining its oil-and-gas operation with Baker Hughes.
Economic data and earnings are more relevant than political swings.
Stock losses escalated in the final hour as an increase in Treasury yields hit defensive names in the utilities and materials sectors.
Telecom stock is a little too sensitive to developments in fiber deployment.
Consider a CTL bullishly biased synthetic call expiring in September.
The company has beaten earnings expectations for the past three quarters.
Buy the CTL near-the-money, bullishly biased vertical call spread expiring in July.
The sale of the March 31 strike call locks in the now-captured dividend of $0.54.
But watch earnings outlooks and the payout ratio for signs of stress.
The company has plenty of free cash flow to cover dividends.
It is possible that the worst has already happened.