Panjang

CenturyLink - PT $26 Next year $36 - Strong buy

We think that CenturyLink is undervalued.

CenturyLink (NYSE:CTL): Q2 Non-GAAP EPS of $0.42 beats by $0.10; GAAP EPS of $0.35 beats by $0.07.
Revenue of 5.19B (-3.5% Y/Y) beats by 50M.
Q2 adjusted EBITDA of 2.1B vs. a consensus of 2.18B.

CenturyLink Reports Second Quarter 2020 Results
seekingalpha.com/pr/17960914-centurylink-reports-second-quarter-2020-results

The Revenue was actually pretty good, when you compare it to other companies where the revenue dropped more than 60%.

First price target: $26
Second price target: $36
centurycenturylinkctlTrend Analysis

Penafian