CenturyLink (CTL) : Analyst Rating Update

CenturyLink (CTL) : Zacks Investment Research ranks CenturyLink (CTL) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 3, which indicates as a Hold.

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 $29.64 and the possibility the share price can swing is $5.64.

CenturyLink (NYSE:CTL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.91 and $28.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.50, notching a gain of 1.97% for the day. The total traded volume was 4,360,032 . The stock had closed at $28.93 on the previous day.

Also, Evercore ISI Group initiates coverage on CenturyLink (NYSE:CTL) In a research note issued to the investors, the brokerage major announces price-target of $28 per share.The shares have been rated Hold. The rating by the firm was issued on June 21, 2016. The company shares have dropped -1.90% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $32.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.44 and the 200 Day Moving Average price is recorded at $28.42.

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.

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