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CenturyTel (CTL) Approaches New Upside Target of $36.48

Published on Fri, 06/14/2013 - 09:42
By Peter Chu

CenturyTel (NYSE:CTL) has opened bullishly above the pivot of $35.75 today and has reached the first level of resistance at $36.21. Analysts will be watching for a cross of the next upside pivot targets of $36.48 and $37.21.

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 3.1% for shares of CenturyTel based on a current price of $36.26 and an average consensus analyst price target of $37.38. The stock should find initial resistance at its 50-day moving average (MA) of $36.71 and further resistance at its 200-day MA of $38.25.

In the past 52 weeks, shares of CenturyTel have traded between a low of $32.05 and a high of $43.43 and are now at $36.26, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

By Peter Chu
pchu@fnno.com