Goldman Sachs Updates CenturyLink Revenue Estimates

Following 3Q10 results, Goldman Sachs has updated its 2010/2011 CenturyLink, Inc. (NYSE: CTL) revenue estimates to $7.03 bn/$6.72 bn (flat/-0.2%), “while our adjusted EBITDA estimates are $3.62 bn/$3.50 bn/$3.39 bn (-0.4%/-0.4%/-0.4%).”

Goldman Sachs said that its 12-month price target goes to $44 from $42 on a more constructive view of cash flow generation.

CenturyLink currently trades at $42.24.