CenturyLink Stock Rating Reaffirmed by Macquarie (CTL)
CenturyLink (NYSE:CTL)‘s stock had its “outperform” rating reiterated by investment analysts at Macquarie in a note issued to investors on Tuesday. They currently have a $43.00 price target on the stock, up from their previous price target of $42.00. Macquarie’s price objective suggests a potential upside of 6.78% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson raised their price target on shares of CenturyLink from $30.00 to $38.00 in a research note on Thursday, August 7th. 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, August 7th. 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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. CenturyLink presently has a consensus rating of “Hold” and an average price target of $37.39.
CenturyLink (NYSE:CTL) traded up 1.42% during mid-day trading on Tuesday, hitting $40.8399. 3,446,462 shares of the company’s stock traded hands. CenturyLink has a one year low of $27.93 and a one year high of $45.67. The stock has a 50-day moving average of $37.50 and a 200-day moving average of $34.47. The company’s market cap is $23.285 billion.
CenturyLink (NYSE:CTL) last announced its 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. On average, analysts predict that CenturyLink will post $2.63 earnings per share for the current fiscal year.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.