Piper Jaffray Comments On CenturyLink 2Q11 Results

According to Piper Jaffray, CenturyLink CTL released its 2Q11 results before the market open. Piper Jaffray said that financial results were generally in-line with its expectations. “Access line losses were slightly better while broadband adds were light. We think the softness in the quarter and the resulting pressure on the stock presents an attractive buying opportunity for investors.” CenturyLink closed yesterday at $34.66.