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CenturyLink (CTL) Catches Eye: Stock Jumps 5.3%

CenturyLink, Inc. CTL was a big mover last session, as the company saw its shares rise more than 5% 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 $17.48-$20.35 in the past one-month time frame.

The move came after the company obtained the FCC’s approval for its pending buyout of Level 3 Communications, Inc.

The company has seen a mixed track record when it comes to estimate revisions of one increase and three decreases over the past one month, while the Zacks Consensus Estimate has moved lower, 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 #3 (Hold), while its Earnings ESP is negative.

CenturyLink, Inc. Price

A better-ranked stock in the Computer and Technology sector is Applied Materials, Inc. AMAT, 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

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

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