CenturyLink Target of Unusually High Options Trading (CTL)
Shares of CenturyLink (NYSE:CTL) saw unusually large options trading on Friday. Traders bought 6,031 call options on the company, Analyst Ratings Net reports. This represents an increase of 238% compared to the average volume of 1,783 call options.
A number of research firms have recently commented on CTL. Analysts at DA Davidson raised their price target on shares of CenturyLink from $30.00 to $38.00 in a research note on Thursday. They now have an “underperform” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.39.
CenturyLink (NYSE:CTL) traded up 2.34% on Friday, hitting $39.86. The stock had a trading volume of 5,045,437 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 $37.31 and a 200-day moving average of $34.32. The company’s market cap is $22.851 billion.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that CenturyLink will post $2.63 EPS for the current fiscal year.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
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