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Equities researchers at DA Davidson upped their target price on shares of CenturyLink (NYSE:CTL) from $30.00 to $38.00 in a research report issued on Thursday. The firm currently has an “underperform” rating on the stock. DA Davidson’s price objective indicates a potential downside of 1.99% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of CenturyLink from $38.00 to $43.00 in a research note on Thursday. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of CenturyLink in a research note on Wednesday, July 30th. They now have a $40.00 price target on the stock, up previously from $36.00. Finally, analysts at Nomura raised their price target on shares of CenturyLink from $32.00 to $40.00 in a research note on Wednesday, July 30th. Two 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 stock. CenturyLink presently has an average rating of “Hold” and an average price target of $36.63.

Shares of CenturyLink (NYSE:CTL) traded up 1.21% during mid-day trading on Thursday, hitting $39.24. The stock had a trading volume of 811,536 shares. CenturyLink has a 52 week low of $27.93 and a 52 week high of $45.67. The stock has a 50-day moving average of $37.25 and a 200-day moving average of $34.28. The company’s market cap is $22.475 billion.

CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.08. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the company posted $0.69 earnings per share. CenturyLink’s revenue was up .4% compared to the same quarter last year. Analysts expect that CenturyLink will post $2.60 EPS for the current fiscal year.

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

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