CenturyLink (CTL) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
CenturyLink (CTL) : The highest level CenturyLink (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 $29.46 and the possibility the share price can swing is $5.7.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Morgan Stanley downgrades its outlook on CenturyLink (NYSE:CTL). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The brokerage firm lowers the price target from $31 per share to $27 per share. The rating by the firm was issued on July 18, 2016.
CenturyLink (NYSE:CTL): The stock opened at $30.56 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.62 for the day. The stock traded down to $30.25 during the day, due to lack of any buying support eventually closed down at $30.51 with a loss of -0.26% for the day. The stock had closed at $30.59 on the previous day. The total traded volume was 6,565,964 shares.
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.