DA Davidson cut shares of CenturyLink (NYSE: CTL) from a neutral rating to an underperform rating in a research report sent to investors on Thursday morning. The firm currently has $30.00 price target on the stock.
A number of other analysts have also recently weighed in on CTL. Analysts at Citigroup downgraded shares of CenturyLink from a buy rating to a neutral rating in a research note to investors on Thursday. They now have a $37.00 price target on the stock, down previously from $43.00. Separately, analysts at Atlantic Securities downgraded shares of CenturyLink from an overweight rating to an underweight rating in a research note to investors on Thursday. They now have a $33.00 price target on the stock, down previously from $44.00. Finally, analysts at Raymond James downgraded shares of CenturyLink from a strong-buy rating to a market perform rating in a research note to investors on Thursday. They now have a $48.00 price target on the stock.
Ten analysts have rated the stock with a buy rating, eight have issued a hold rating, two have given an underweight rating, and two have issued a sell rating to the company. CenturyLink has a consensus rating of overweight and an average target price of $37.03.
Shares of CenturyLink traded up 2.32% during mid-day trading on Thursday, hitting $33.02. CenturyLink has a 52 week low of $32.05 and a 52 week high of $43.43. The stock’s 50-day moving average is currently $39.87. The company has a market cap of $20.525 billion and a P/E ratio of 25.82.
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