LKSD News

LSC Communications (LKSD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

Moody's Investors Service (Moody's) downgraded LSC Communications, Inc.'s (LSC) corporate family rating (CFR) to B2 from B1, its probability of default rating to B2-PD from B1-PD, senior secured revolving bank credit facility rating to Ba2 from Ba1, senior secured term loan B rating to B2 from B1, and senior secured notes rating to B2 from B1. At the same time, LSC's speculative grade liquidity was downgraded to SGL-3 (adequate) from SGL-2 (good).

Defaults already are climbing as speculative-grade (junk-rated) companies buckle under their debts, even as the Federal Reserve aims a near $750 billion fire hose on the corporate debt markets during the pandemic.

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

Moody's Investors Service (Moody's) downgraded LSC Communications, Inc.'s (LSC) corporate family rating (CFR) to B3 from B2, the senior secured revolving bank credit facility rating to Ba3 from Ba2, and the senior secured term loan B and senior secured notes ratings to B3 from B2. LSC's attempted merger with Quad/Graphics, Inc. valued at $1.4 billion was terminated in July following opposition from the U.S. Department of Justice.

LSC Communications (LKSD) delivered earnings and revenue surprises of -154.55% and -9.70%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Moody's Investors Service (Moody's) downgraded LSC Communications, Inc.'s (LSC) corporate family rating (CFR) to Ca from B3, probability of default rating (PDR) to Ca-PD/LD from B3-PD, senior secured revolving credit facility rating to B3 from Ba3, senior secured term loan B and senior secured notes ratings to Ca from B3, and speculative grade liquidity rating to SGL-4 from SGL-3. Moody's has appended the "/LD" (limited default) designation to the PDR as a waiver of interest payments is a default.

LSC Communications, Inc. (NYSE: LKSD ) and Quad/Graphics, Inc. (NYSE: QUAD ) have terminated a merger agreement of an all-stock transaction valued at approximately $1.4 billion. Quad will pay LSC a termination ...

LSC Communications, Inc. (OTCQX: LKSD) ("LSC" or the "Company") today announced that the Company, along with most of its U.S. subsidiaries, has voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The Company’s decision follows a comprehensive evaluation of opportunities to reduce its debt and better position LSC to compete and deliver exceptional products and services to its clients. LSC has sufficient liquidity to continue operating its business safely and efficiently and remains committed to serving its clients with the same high standards of quality and reliability they expect. LSC’s subsidiaries in Mexico and Canada are not included in the court proceedings and will continue to operate in the normal course.

Moody's Investors Service ("Moody's") says the termination of Quad/Graphics, Inc.'s (Quad) proposed merger with LSC Communications, Inc. (LSC) will not impact the existing Ba3 Corporate Family Rating or negative outlook for Quad. The merger faced opposition from the U.S. Department of Justice that would have delayed the expected closing date and increased the costs to complete the merger if the acquisition was completed.

Moody's Investors Service (Moody's) downgraded LSC Communications, Inc.'s (LSC) probability of default rating (PDR) to D-PD from Ca-PD/LD and senior secured revolving credit facility rating to Caa1 from B3. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.

LSC Communications Inc and Quad/Graphics terminated their $1.4 billion merger on Tuesday, a month after the U.S. Justice Department filed a lawsuit to block the deal, sending LSC shares down 36% to a record low. Shares of LSC were down to $2.22 in heavy trading, while Quad/Graphics shares were up 7.9% at $8.20. Quad/Graphics had said in October it would buy LSC Communications in an all-stock deal, bringing together two of the biggest companies that print books, magazines and catalogs.

LSC Communications, Inc. (OTCQX: LKSD) ("LSC" or the "Company") today announced that on February 27, 2020, its Board of Directors adopted a Stockholder Protection Rights Agreement (the "Rights Agreement") and declared a dividend of one Right on each outstanding share of Common Stock. The record date to determine stockholders entitled to receive the Rights is March 9, 2020. The Rights Agreement will expire on February 27, 2021.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of LSC Communications, Inc. Toronto, October 09, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of LSC Communications, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced LSC Communications, Inc. (OTCQX: LKSD), a print and digital media solutions company, has qualified to trade on the OTCQX® Best Market. LSC Communications, Inc. previously traded on the New York Stock Exchange.

LSC Communications, Inc. (OTCQX: LKSD) today reported financial results for the fourth quarter of 2019.

Dismal Near-Term Outlook for Commercial Printing Industry

NEW YORK , Sept. 6, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its ...