Your First Trade For Tuesday, March 12: Walmart Inc. (WMT), CenturyLink, Inc. (CTL) – The RNS Daily

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The shares of Walmart Inc. (NYSE:WMT) dropped by -7.28% or -$7.73 from its last recorded high of $106.21 which it attained on December 11 to close at $98.48 per share. Over the past 52 weeks, the shares of Walmart Inc. has been trading as low as $81.78 before witnessing a massive surge by 20.42% or $16.7. This price movement has led to the WMT stock receiving more attention and has become one to watch out for. It jumped by 0.91% on Monday and this got the market excited. The stock’s beta now stands at 0.36 and when compared to its 200-day moving average and its 50-day moving average, WMT price stands 5.58% above and 2.06% above respectively. Its average daily volatility for this week is 1.1% which is less than the 1.4% recorded over the past month.

Walmart Inc. (WMT) rose 0.64% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 12.01% and is now up by 5.72% since start of this year. A look at its monthly performance shows that the stock has recorded a 1.81% gain over the past 30 days. Its equity price climbed by 3.91% over the past three months which led to its overall six-month increase to stand at 2.1%.

Experts from research firms are bullish about the near-term performance of Walmart Inc. with most of them predicting a $109.07 price target on a short-term (12 months) basis. The average price target by the analysts will see a 10.75% rise in the stock and would lead to WMT’s market cap to surge to $316.3B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 33 analysts that track Walmart Inc. (NYSE:WMT) and find out that 18 of them rated it as a Hold. 15 of the 15 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at WMT technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 54.24 point. Its trading volume has lost -3379948 shares compared to readings over the past three months as it recently exchanged 5080052 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 8460000 shares, and this is 0.6 times the normal volume.

The price of CenturyLink, Inc. (NYSE:CTL) currently stands at $12.34 after it went up by $0.04 or 0.33% and has found a strong support at $12.04 a share. If the CTL price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $11.73 mark would also be bad for the stock as it means that the stock would plunge by 4.94% from its current position. However, if the stock price is able to trade above the resistance point around $12.58, then it could likely surge higher to try and break the upward resistance which stands at $12.81 a share. Its average daily volatility over the past one month stands at 3.9%. The stock has plunged by 3% from its 52-weeks high of $11.97 which it reached on Aug. 21, 2018. In general, it is 6.65% above its 52-weeks lowest point which stands at $11.52 and this setback was observed on Jun. 03, 2019.

Analysts have predicted a price target for CenturyLink, Inc. (CTL) for 1 year and it stands at an average $14.07/share. This means that it would likely increase by 14.02% from its current position. The current price of the stock has been moving between $11.97 and $12.51. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $11. On the other hand, one analyst is super bullish about the price, setting a target as high as $20.

The CTL stock Stochastic Oscillator (%D) is at 27.3%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.56 which compares to the 4.13 recorded by the industry or the 3.79 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 9.43, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -18.1% over the past five years.

Analysts view CenturyLink, Inc. (NYSE:CTL) as a Sell, with 3.2 consensus rating. Reuters surveyed 16 analysts that follow CTL and found that 10 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 4 analysts advised investors to desist from buying CenturyLink, Inc. (CTL) shares or sell it if they already own it.

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