UPDATE: Hudson Square Research Raises CenturyLink's PT
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
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.