Hudson Square Research Boosts Price Target on CenturyLink (CTL)
Investment analysts at Hudson Square Research boosted their target price on shares of CenturyLink (NYSE: CTL) from $43.00 to $45.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock.
Shares of CenturyLink opened at 39.53 on Thursday. CenturyLink has a one year low of $31.16 and a one year high of $43.49. The company has a market cap of $24.493 billion and a P/E ratio of 36.94.
CenturyLink last announced its earnings results on Wednesday, May 9th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.11. CenturyLink’s revenue was up 171.8% compared to the same quarter last year. On average, analysts predict that CenturyLink will post $0.59 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of CenturyLink from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, March 23rd. They now have a $41.00 price target on the stock. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of CenturyLink in a research note to investors on Thursday, February 16th.
CenturyLink, Inc., formerly CenturyTel, Inc., together with its subsidiaries, is an integrated communications company engaged primarily in providing a range of communications services, including local and long distance voice, wholesale local network access, high-speed Internet access, other data services and video services.