Market Overview

D.A. Davidson Raises CentruyLink Price Target on 'Better Than Expected Results'


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 (NYSE: CTL) and raised the price target from $30 to $38.

CenturyLink posted a consensus beat on the top-line and a D.A. 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."

Latest Ratings for CTL

Nov 2019MaintainsOutperform
Nov 2019DowngradesNeutralSell
Aug 2019DowngradesNeutralUnderweight

View More Analyst Ratings for CTL
View the Latest Analyst Ratings

Posted-In: D.A. Davidson Donna JaegersAnalyst Color Price Target Reiteration Analyst Ratings


Related Articles (CTL)

View Comments and Join the Discussion!

Latest Ratings

WEEDMKM PartnersMaintains30.0
NKTRH.C. WainwrightMaintains32.0
GOODNational SecuritiesInitiates Coverage On25.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

4 Ebola Researching Biotech Companies For Your Portfolio

UPDATE: MLV & Co Reiterates On Northstar Realty Finance Following 2Q14 Dividend