Advertisement
UK markets close in 6 hours 17 minutes
  • FTSE 100

    8,047.30
    +23.43 (+0.29%)
     
  • FTSE 250

    19,680.35
    +80.96 (+0.41%)
     
  • AIM

    751.71
    +2.53 (+0.34%)
     
  • GBP/EUR

    1.1589
    +0.0000 (+0.00%)
     
  • GBP/USD

    1.2361
    +0.0011 (+0.09%)
     
  • Bitcoin GBP

    53,616.18
    +201.21 (+0.38%)
     
  • CMC Crypto 200

    1,394.60
    -20.16 (-1.43%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CRUDE OIL

    82.31
    +0.41 (+0.50%)
     
  • GOLD FUTURES

    2,316.20
    -30.20 (-1.29%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • DAX

    17,963.10
    +102.30 (+0.57%)
     
  • CAC 40

    8,063.87
    +23.51 (+0.29%)
     

CenturyLink (CTL) Looks Good: Stock Adds 8.2% in Session

CenturyLink, Inc. CTL was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.62 to $15.33 in the past one-month time frame.

The stock rose after the company signed a five-year contract with the state Pennsylvania, which requires the company to provide data networking services to state employees.

The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

CenturyLink currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.  

CenturyLink, Inc. Price

CenturyLink, Inc. Price | CenturyLink, Inc. Quote

ADVERTISEMENT

A better-ranked stock in the Technology sector is Resonant Inc. RESN, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CTL going up? Or down? Predict to see what others think: Up or Down

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Resonant Inc. (RESN) : Free Stock Analysis Report
 
CenturyLink, Inc. (CTL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research