Investors in telecom operator CenturyLink (NYSE:CTL) have had a rough go of it, even before the coronavirus crisis. The telecom has been hit hard since even before its 2017 acquisition of Level 3 Communications, as legacy services such as copper-based connectivity and landline phones have more than offset the growth of newer services such as high-speed fiber and edge computing.
That’s led to overall company revenue declines, which have stoked fear on Wall Street. As you can see, CenturyLink’s stock has badly lagged the market over the past few years.
CTL 5 YEAR TOTAL RETURNS (DAILY) DATA BY YCHARTS.
However, CenturyLink is also a very, very… Continue reading at The Motley Fool