CenturyLink Inc Receives a Buy from Merrill Lynch

By Carrie Williams

Merrill Lynch analyst David Barden reiterated a Buy rating on CenturyLink Inc (NYSE: CTL) today and set a price target of $27. The company’s shares closed yesterday at $19.37.

Barden has an average return of 3.4% when recommending CenturyLink Inc.

According to TipRanks.com, Barden is ranked #4372 out of 4800 analysts.

Currently, the analyst consensus on CenturyLink Inc is Hold and the average price target is $20.30, representing a 4.8% upside.

In a report issued on May 10, Oppenheimer also assigned a Buy rating to the stock with a $22 price target.

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The company has a one-year high of $27.61 and a one-year low of $13.16. Currently, CenturyLink Inc has an average volume of 11.14M.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CenturyLink, Inc. is an investment holding company, which engages in the provision of integrated communications to residential and business customers. It operates through the Business and Consumer segment.