Shares of telecommunications companies rose amid deal activity. Shares of French telecom conglomerate Altice rallied after it said it was planning to spin off its newly expanded U.S. arm. After a slide in 2017, analysts at one brokerage predict that business and regional carrier CenturyLink will rebound. "We believe the recently closed Level 3 merger puts CenturyLink on more stable financial and operational footing moving forward," said analysts at brokerage Morgan Stanley, in a research note.
-Rob Curran, email@example.com
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(END) Dow Jones Newswires
January 09, 2018 16:08 ET (21:08 GMT)