The Connected Home is Proud to be an Authorized Representative for Century Link Phones and Century Link Internet Services
In the case of the $34 billion merger between CenturyLink Inc. (NYSE: CTL) and Level 3 Communications Inc. (NYSE: LVLT), the deal may have done more than just pressure the acquirer. The initial read a few days after the deal’s announcement could suggest that CenturyLink and Level 3 just ruined their stock charts for some time ahead. Still, CenturyLink did announce later in the week that it is selling its data center business for $2.15 billion in a fresh news announcement. Read more..
CenturyLink CEO Glen Post addresses shareholders during the company's annual meeting at the company headquarters in Monroe last year.(Photo: FILE/USA TODAY NETWORK OF LOUISIANA)
But making CenturyLink, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of CTL entered into oversold territory, changing hands as low as $22.86 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
Is CTL Stock's Dividend Yield Threatened?
What ever the near term future of Century Link's stock price, we are confident that they will continue to offer good value to Minnesota Phone and Internet users. If you are looking to add change or upgrade your phone or Internet service be sure to contact us at The Connected Home. 612-424-8483
We are your source for century link services.