TMCnet News
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 [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 |