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CenturyLink (NYSE:CTL) was downgraded by equities research analysts at Morgan Stanley to an “equal weight” rating in a research note issued to investors on Monday.

In other CenturyLink news, CFO R Stewart Ewing, Jr. unloaded 20,600 shares of the company’s stock on the open market in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.75, for a total transaction of $757,050.00. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this link.

CenturyLink (NYSE:CTL) opened at 38.18 on Monday. CenturyLink has a 52 week low of $27.93 and a 52 week high of $38.21. The stock has a 50-day moving average of $34.74 and a 200-day moving average of $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.

A number of other analysts have also recently weighed in on CTL. Analysts at DA Davidson raised their price target on shares of CenturyLink from $26.00 to $30.00 in a research note on Friday. Separately, 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 BMO Capital Markets downgraded shares of CenturyLink from an “outperform” rating to a “market perform” rating in a research note on Monday, April 28th. They now have a $33.00 price target on the stock, up previously from $32.00. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $32.74.

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

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