Loading...
Loading...
Following the release of the company's second quarter earnings report after the close on Wednesday, DA Davidson analyst, Donna Jaegers reiterated an Underperform rating on CenturyLink, Inc.
CTL and raised the price target from $30 to $38.
CenturyLink posted a consensus beat on the top-line and a DA Davidson estimate beat on the bottom-line. However, Jaegers has concerns moving forward as the company begins its Gigabit expansion.
Jaegers wrote, "We don't see tremendous downside in the stock, but still think CenturyLink may raise its capex budget more in 2015 as it rolls out Gigabit speeds in more cities, and we may see more of a drag in EBITDA in 2015 due to higher IPTV marketing expenses."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in