CenturyLink, Inc. (NYSE:CTL) was a big mover last session, as the company saw its shares rise more than 8% 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 $13.62 to $15.33 in the past one-month time frame.
The stock rose after the company signed a five-year contract with the state Pennsylvania, which requires the company to provide data networking services to state employees.
The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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 #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the Technology sector is Resonant Inc. (NASDAQ:RESN) , 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
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Resonant Inc. (RESN): Free Stock Analysis Report
CenturyLink, Inc. (CTL): Free Stock Analysis Report
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