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CenturyLink (NYSE:CTL) was the target of a large decline in short interest in the month of May. As of May 30th, there was short interest totalling 40,022,821 shares, a decline of 11.5% from the May 15th total of 45,200,446 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 4,832,623 shares, the days-to-cover ratio is currently 8.3 days. Approximately 7.0% of the shares of the company are short sold.

A number of analysts have recently weighed in on CTL shares. Analysts at Zacks reiterated a “neutral” rating on shares of CenturyLink in a research note on Friday. They now have a $39.00 price target on the stock. Separately, analysts at Sanford C. Bernstein initiated coverage on shares of CenturyLink in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Finally, analysts at Bernstein initiated coverage on shares of CenturyLink in a research note on Wednesday, May 21st. They set a “market perform” rating and a $36.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. CenturyLink currently has an average rating of “Hold” and a consensus target price of $33.88.

Shares of CenturyLink (NYSE:CTL) opened at 36.73 on Tuesday. 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 $37.00 and a 200-day moving average of $32.92. The company’s market cap is $21.037 billion.

CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that CenturyLink will post $2.61 earnings per share for the current fiscal year.

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

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