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UPDATE: Hudson Square Research Raises CenturyLink's PT

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According to a research report published this morning, Hudson Square Research has increased CenturyLink's (NYSE: CTL) PT from $43 to $45.

In the report, Hudson Square Research said, "CenturyLink reported solid 1Q results that beat our estimates across the board, and raised its 2012 profitability guidance. Customer metrics – both access lines lost and broadband subscribers added – were much better than expected. Total revenue was just slightly above our estimate, EBITDA beat by 3%, and Adjusted EPS of $0.68 beat our estimate by $0.10. We are updating our model, and our DCF-based price target increases from $43 to $45."

CenturyLink is currently trading at $39.20.

Latest Ratings for CTL

Oct 2015Cowen & CompanyInitiates Coverage onMarket Perform
Sep 2015RBC CapitalInitiates Coverage onSector Perform
Sep 2015BarclaysInitiates Coverage onUnderweight

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