TMCnet News
Upgrade Alert for CenturyTel (CTL)Apr 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- CenturyTel (NYSE:CTL) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $35.06 on volume of 6.5 million shares, below average daily volume of 7.4 million. There is potential upside of 2.6% for shares of CenturyTel based on a current price of $35.06 and an average consensus analyst price target of $35.96. The stock should run into initial resistance at its 50-day moving average (MA) of $36.68 and subsequent resistance at its 200-day MA of $39.22. CenturyTel share prices have moved between a 52-week high of $43.43 and a 52-week low of $32.05 and closed yesterday at 9% above that low price at $35.06 per share. The 200-day and 50-day moving averages have moved 0.09% lower and 0.77% lower over the past week, respectively. 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. SmarTrend is tracking the current trend status for CenturyTel and will alert subscribers who have CTL in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |