CenturyLink Inc (NYSE:CTL) down to new 52-week low, short interest down

CenturyLink Inc (NYSE:CTL) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $33.24, down by -0.84%, with a volume of 5,441,963 shares against an average volume for the last 3 months of 4,240,750.

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CenturyLink Inc (NYSE:CTL) is currently trading 27.22% below its 52-week-high, 0.7% above its 52-week-low. The 1-year range for the stock is $33.01 – $45.67. CenturyLink Inc (CTL) has a price to earnings ratio of 24.7 versus Technology sector average of 24.27. CTL stock price has underperformed the S&P 500 by 18.2%. The Telephone-Integrated company is currently valued at $18.74 billion and its share price closed the last trading session at $33.24. The stock has a 50-day moving average of $35.13 and a 200-day moving average of $37.36.

CenturyLink Inc (CTL) current short interest stands at 40.06 million shares. It has decreased by 1% from the same period of last month. Around 8% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.38 million shares, the number of days required to cover the short positions stand at 9.2 days.

CTL reported last quarter earnings on May 05. The Telephone-Integrated company announced earnings per share of $0.67 against a consensus Street estimate of $0.59, beating the average estimate by $0.08. This corresponds to a flat EPS compared to the same quarter of the previous fiscal year.

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There are currently seventeen analysts that cover CTL stock. Of those seventeen, seven have a Buy rating, eight have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $38.65.

A recent analyst activity consisted of UBS reiterating their Buy stance on May 6. UBS decreased price target from $42 to $39. This corresponds to a 17.33% upside from the last closing price. On the date of report, the stock closed at $33.98.

JP Morgan reiterated their Overweight stance on the same day, and decreased their price target from $43 to $42. This corresponds to a 26.35% upside from the last closing price. On the date of report, the stock closed at $33.98.

Another research firm was DA Davidson who upgraded their Underperform rating to Neutral on March 2. DA Davidson fixed their price target at $39. This translates to a 17.33% upside from the last closing price. On the date of report, the stock closed at $36.5.

Company profile

CenturyLink Inc. is an integrated communications company that provides communications services, including voice, local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services.

CenturyLink Inc (NYSE:CTL) down to new 52-week low, short interest down was last modified: May 31st, 2015 by Jason Ford