CenturyLink (CTL) : 14 analysts are covering CenturyLink (CTL) and their average rating on the stock is 3.14, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CenturyLink (CTL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
CenturyLink (CTL) stock is expected to deviate a maximum of $5.59 from the average target price of $29.1 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $42 and the most muted being $22.
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 (NYSE:CTL): The stock opened in the green at $27.39 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $27.585 and a low of $26.94 for the day. The stock did not find buyers even at the lows and closed at $26.98 recording a loss of -1.64%. 7,598,614 shares exchanged hands during the trading day. The stock had closed at $27.43 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.