Oppenheimer Reiterates a Buy Rating on CenturyLink Inc (CTL)


Oppenheimer analyst Timothy Horan reiterated a Buy rating on CenturyLink Inc (CTL) on November 16 and set a price target of $22. The company’s shares opened today at $19.03.

According to TipRanks.com, Horan is a top 25 analyst with an average return of 16.1% and a 72.1% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Zayo Group Holdings.

Currently, the analyst consensus on CenturyLink Inc is a Moderate Buy with an average price target of $21.67, implying a 13.9% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $24 price target.

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CenturyLink Inc’s market cap is currently $20.71B and has a P/E ratio of 10.05. The company has a Price to Book ratio of 0.90.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock.

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.

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