Centurylink Inc (CTL) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 31

Centurylink Inc (CTL) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 31 from a previous price target of $29 . RBC Capital Mkts advised their investors in a research report released on Aug 8, 2016.

Many Wall Street Analysts have commented on Centurylink Inc. Shares were Downgraded by Morgan Stanley on Jul 18, 2016 to ” Underweight” and Lowered the Price Target to $ 27 from a previous price target of $31 .Macquarie Initiated Centurylink Inc on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $31.Centurylink Inc was Initiated by Evercore ISI to “Hold” on Jun 22, 2016.

On the company’s financial health, Centurylink Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.59. The company had revenue of $4398.00 million for the quarter, compared to analysts expectations of $4390.47 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

Centurylink Inc closed down -0.37 points or -1.22% at $29.88 with 47,90,409 shares getting traded on Friday. Post opening the session at $30.25, the shares hit an intraday low of $29.81 and an intraday high of $30.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jul 15, 2016, Harvey P Perry (director) sold 20,000 shares at $31.00 per share price. According to the SEC, on Feb 19, 2016, Maxine L Moreau (EVP, Global Ops & Shared Svcs) sold 3,841 shares at $30.23 per share price. On Jan 15, 2016, C G Jr Melville (director) sold 700 shares at $23.28 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Centurylink Inc

Leave a Reply

Centurylink Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Centurylink Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.