TMCnet - World's Largest Communications and Technology Community



Downgrade Alert for CenturyTel (CTL)
[November 28, 2012]

Downgrade Alert for CenturyTel (CTL)

Nov 28, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- CenturyTel (NYSE:CTL) was downgraded from Overweight to Neutral at Piper Jaffray today. The stock closed yesterday at $38.52 on volume of 3.3 million shares, below average daily volume of 4.6 million. CenturyTel, Inc. is an integrated communications company. The Company provides a wide range of communications services, including local and long distance voice, Internet access and broadband services. CenturyTel operates throughout the United States.

There is potential upside of 17.0% for shares of CenturyTel based on a current price of $38.52 and an average consensus analyst price target of $45.07. CenturyTel shares should first meet resistance at the 200-day moving average (MA) of $39.51 and find additional resistance at the 50-day MA of $40.62.

Over the past year, CenturyTel has traded in a range of $34.81 to $43.43 and closed yesterday at $38.52, 11% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of CenturyTel on September 28th, 2012 by issuing a Downtrend alert when the shares were trading at $40.37. Since that call, shares of CenturyTel have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy