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.
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.
Also, Morgan Stanley downgrades its rating on CenturyLink (NYSE:CTL). The global brokerage major lowers the current price target from $31 per share to $27 per share. Analysts at the Morgan Stanley have a current rating of Underweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on July 18, 2016.
CenturyLink (NYSE:CTL): The stock opened at $27.88 on Thursday but the bulls could not build on the opening and the stock topped out at $27.96 for the day. The stock traded down to $27.54 during the day, due to lack of any buying support eventually closed down at $27.74 with a loss of -0.22% for the day. The stock had closed at $27.80 on the previous day. The total traded volume was 4,470,163 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.