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Shares of CenturyLink (NYSE:CTL) hit a new 52-week low during trading hours on Tuesday, American Banking reports. The company traded as low as $29.56 and last traded at $29.85, with a volume of 6,024,377 shares trading hands. The stock had previously closed at $30.00.

A number of research firms have recently commented on CTL. Analysts at Jefferies Group initiated coverage on shares of CenturyLink in a research note to investors on Thursday, December 19th. They set an “underperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of CenturyLink in a research note to investors on Friday, December 13th. They now have a $32.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of CenturyLink from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.14.

CenturyLink has a 52 week low of $29.93 and a 52 week high of $42.01. The stock’s 50-day moving average is $31.16 and its 200-day moving average is $32.75. The company’s market cap is $17.643 billion.

CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts predict that CenturyLink will post $2.68 earnings per share for the current fiscal year.

CenturyLink, Inc (NYSE:CTL) is an integrated communications company.

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