Short Term Price Target on CenturyLink (CTL)

CenturyLink (NYSE:CTL) : The highest level CenturyLink (NYSE:CTL) is projected to reach is $42 for the short term and the lowest estimate is at $22. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $29.64 and the possibility the share price can swing is $5.64.

Shares of CenturyLink, Inc. rose by 1.72% in the last five trading days and 7.84% for the last 4 weeks. CenturyLink, Inc. has dropped 8.02% during the last 3-month period . Year-to-Date the stock performance stands at 19.72%. Also, Evercore ISI Group initiates coverage on CenturyLink (NYSE:CTL). In the latest research report, Evercore ISI Group announces the target price to $28 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 21, 2016.

CenturyLink (NYSE:CTL) : 2 brokerage houses believe that CenturyLink (NYSE:CTL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CenturyLink (NYSE:CTL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

CenturyLink (NYSE:CTL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.48 and $28.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.01, notching a gain of 1.97% for the day. The total traded volume was 5,490,072 . The stock had closed at $28.45 on the previous day.

In an insider trading activity,The officer (EVP, Global Ops & Shared Svcs) of Centurylink, Inc, Moreau Maxine L sold 3,841 shares at $30.23 on February 18, 2016. The Insider selling transaction had a total value worth of $116,113. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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