CenturyLink, Inc. (NYSE:CTL) has received a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $25.93.
A number of brokerages have weighed in on CTL. UBS AG set a $29.00 price target on CenturyLink and gave the stock a “buy” rating in a research report on Thursday, June 22nd. BidaskClub raised CenturyLink from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 price target on shares of CenturyLink in a research report on Thursday, May 25th. ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Cowen and Company set a $25.00 price objective on CenturyLink and gave the stock a “market perform” rating in a report on Thursday, May 4th.
Large investors have recently modified their holdings of the stock. Endurance Wealth Management Inc. boosted its stake in shares of CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after buying an additional 725 shares during the period. FNY Managed Accounts LLC bought a new stake in shares of CenturyLink during the first quarter valued at about $120,000. Exane Derivatives boosted its stake in shares of CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock valued at $123,000 after buying an additional 1,194 shares during the period. Ledyard National Bank boosted its stake in shares of CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock valued at $173,000 after buying an additional 7,243 shares during the period. Finally, First City Capital Management Inc. bought a new stake in shares of CenturyLink during the first quarter valued at about $215,000. Institutional investors and hedge funds own 78.04% of the company’s stock.
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Shares of CenturyLink (CTL) opened at 21.68 on Tuesday. The company’s 50-day moving average price is $23.25 and its 200 day moving average price is $24.35. The company has a market cap of $11.92 billion, a P/E ratio of 31.42 and a beta of 0.87. CenturyLink has a 52 week low of $21.61 and a 52 week high of $33.45. CenturyLink also was the recipient of unusually large options trading on Tuesday. Investors acquired 20,516 call options on the company. This is an increase of approximately 363% compared to the typical daily volume of 4,432 call options.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. CenturyLink’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. On average, equities analysts forecast that CenturyLink will post $1.95 EPS for the current fiscal year.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
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