CenturyLink (CTL) : The most positive equity analysts on CenturyLink (CTL) expects the shares to touch $42, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $29.82 with an expected fluctuation of $5.65 from the mean.
CenturyLink (CTL), A reduction of 1,167,046 shares or 2.2% was observed in the short interest of CenturyLink Inc. The interest on June 30,2016 came in at 51,673,841 shares and as per the average daily trading of 6,154,950 shares, the days to cover are 8. The reduced interest is 9.5% of the floated shares. The data of June 15,2016 put the interest at 52,840,887 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Evercore ISI Group initiates coverage on CenturyLink (NYSE:CTL) The current rating of the shares is Hold. Equity Analysts at the Firm announces the price target to $28 per share. The rating by the firm was issued on June 21, 2016.
CenturyLink (NYSE:CTL): stock turned positive on Thursday. Though the stock opened at $31.04, the bulls momentum made the stock top out at $31.33 level for the day. The stock recorded a low of $31.01 and closed the trading day at $31.3, in the green by 1.36%. The total traded volume for the day was 4,369,182. The stock had closed at $30.88 in the previous days trading.
CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.