CenturyLink (CTL) Shares are Down -3.74%

CenturyLink (CTL) : During the past 4 weeks, traders have been relatively bearish on CenturyLink (CTL), hence the stock is down -7.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.71% relative to the S&P 500. The 4-week change in the price of the stock is -6.67% and the stock has fallen -3.74% in the past 1 week.

CenturyLink, Inc. is up 8.74% in the last 3-month period. Year-to-Date the stock performance stands at 19.02%. The stock has recorded a 20-day Moving Average of 4.91% and the 50-Day Moving Average is 2.09%.


CenturyLink (NYSE:CTL): The stock opened at $29.04 on Friday but the bulls could not build on the opening and the stock topped out at $29.07 for the day. The stock traded down to $28.69 during the day, due to lack of any buying support eventually closed down at $28.84 with a loss of -1.00% for the day. The stock had closed at $29.13 on the previous day. The total traded volume was 4,681,371 shares.

Also, Equity Analysts at the Morgan Stanley downgrades the rating on CenturyLink (NYSE:CTL). The brokerage firm has issued a Underweight rating on the shares. The shares were previously rated Equal-weight. The Analysts at the ratings agency lowers the price target from $31 per share to $27 per share. The rating by the firm was issued on July 18, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.