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DA Davidson increased their price target on shares of CenturyLink (NYSE:CTL) from $26.00 to $30.00 in a research note issued on Friday, ARN reports. DA Davidson’s price target would suggest a potential downside of 21.42% from the company’s current price.

Shares of CenturyLink (NYSE:CTL) traded up 0.93% during mid-day trading on Friday, hitting $38.18. The stock had a trading volume of 4,521,544 shares. CenturyLink has a one year low of $27.93 and a one year high of $38.21. The stock’s 50-day moving average is $34.74 and its 200-day moving average is $31.95. The company’s market cap is $21.867 billion.

CenturyLink (NYSE:CTL) last released its earnings data on Wednesday, May 7th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.05. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that CenturyLink will post $2.63 EPS for the current fiscal year.

In other CenturyLink news, CFO R Stewart Ewing, Jr. unloaded 20,600 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.75, for a total transaction of $757,050.00. Following the completion of the sale, the chief financial officer now directly owns 235,134 shares in the company, valued at approximately $8,641,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on CTL. Analysts at BMO Capital Markets downgraded shares of CenturyLink from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CenturyLink in a research note on Friday, March 14th. They now have a $32.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.21.

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

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