CenturyLink’s total revenue fell ~4.2% YoY to $4.3 billion in 4Q16. For 1Q17, it expects to generate total operating revenue of $4.23 billion–$4.29 billion.
CenturyLink (CTL) expects to acquire Level 3 Communications (LVLT) in a cash and stock deal valued at $34.0 billion, including the assumption of Level 3’s debt.
The Waddell & Reed Advisors Global Growth Fund (UNCGX) generally invests in large-cap companies, but it is not restricted to do so. It can invest in companies of any size.
During the J.P. Morgan Global Technology, Media and Telecom Conference, Jeffrey Storey, Level 3’s CEO, discussed its goal for growth in its enterprise component.
T-Mobile is expected to report its 1Q16 results on April 26, 2016. According to Wall Street analysts, on an adjusted basis, T-Mobile’s earnings are expected to grow significantly year-over-year in 1Q16.
High yield bond issuance rose last week as the stock Market improved due to the rise in oil prices. Dollar-denominated high yield debt amounting to $4.1 billion was issued last week.
Level 3’s revenue was $2.1 billion in 4Q15. This figure was 0.5% below the consensus estimate of Wall Street analysts. In 4Q14, the company’s revenue was $1.9 billion.
Level 3 Communications (LVLT) reported its 4Q15 results on February 4, 2016. The market received the results and guidance for 2016 positively, and the stock rose 6.9%.
According to Lipper, net inflows for high-yield bond funds totaled $7.6 billion through October 28, compared to outflows totaling $1.9 billion in September.
E-commerce and payment solutions provider First Data Corporation (FDC) issued junk bonds worth $3.4 billion on October 29. This was the largest issue of October.
Zayo Group has a market cap of $7.02 billion. Zayo Group’s YTD performance is stable. After the earnings report for 4Q15, it fell 0.93% to close at $28.90 per share.
European telecom companies that are part of the SPDR S&P International Telecom Sector ETF(IST) have generated average solid returns of 26.95% in the TTM (trailing 12 months).
In 4Q14, Coatue Management exited its position in Level 3 Communications. Coatue sold 3,122,406 shares of Level 3. It represented 1.46% of the fund’s 3Q14 portfolio.
In 3Q14, Coatue Management sold its position in Lululemon Athletica (LULU). The stock accounted for 0.20% of the fund’s portfolio for the second quarter.
Coatue Management sold its position in Salesforce.com Inc. (CRM) during the third quarter of 2014. The stock accounted for 2.64% of the fund’s portfolio in 2Q14.
Coatue Management added a new position in Level 3 Communications Inc. (LVLT) during the third quarter. The stock accounted for 1.46% of the fund’s 3Q14 portfolio.
The surge in Phillips 66’s net profit came largely from significant improvement in the Refining segment as well as from its Marketing and Specialties segment.
Level 3 believes future incremental demand for CNS will be from customers who want to distribute their feature-rich content or videos over the Internet.
Leveraged loans are commercial loans provided by a group of lenders. The loan is usually secured. It’s structured, arranged, and administered by investment and commercial banks.
Soros Fund Management exited a position in FedEx that accounted for 1.62% of the fund’s the first quarter of 2014 (or 1Q14) portfolio. Memphis-based FedEx provides a broad portfolio of transportation, e-commerce, and business services through companies competing collectively, operating independently, and managing collaboratively under the FedEx brand.
