CenturyLink Inc. (NYSE:CTL) has received an average rating of “Hold” from the seventeen analysts that are presently covering the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $28.26.

Several brokerages have recently issued reports on CTL. Jefferies Group reaffirmed a “sell” rating and set a $20.00 price objective (down from $24.00) on shares of CenturyLink in a report on Tuesday, November 1st. Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $29.33 price objective on the stock in a report on Wednesday, August 31st. RBC Capital Markets reaffirmed a “sector perform” rating and set a $31.00 price objective (up from $29.00) on shares of CenturyLink in a report on Wednesday, August 10th. Zacks Investment Research cut CenturyLink from a “hold” rating to a “sell” rating in a report on Tuesday, October 4th. Finally, Raymond James Financial Inc. cut CenturyLink from an “outperform” rating to a “market perform” rating in a report on Friday, October 28th.

In other news, Director William Arthur Owens acquired 42,800 shares of CenturyLink stock in a transaction on Monday, November 7th. The shares were bought at an average cost of $23.35 per share, for a total transaction of $999,380.00. Following the acquisition, the director now directly owns 95,275 shares of the company’s stock, valued at approximately $2,224,671.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David D. Cole sold 30,000 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $33.00, for a total value of $990,000.00. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in CenturyLink by 21.2% in the second quarter. Raymond James Trust N.A. now owns 32,306 shares of the company’s stock valued at $937,000 after buying an additional 5,652 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of CenturyLink by 34.7% in the first quarter. First Republic Investment Management Inc. now owns 42,034 shares of the company’s stock worth $1,343,000 after buying an additional 10,821 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of CenturyLink by 19.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 86,325 shares of the company’s stock worth $2,759,000 after buying an additional 13,869 shares in the last quarter. Babson Capital Management LLC increased its position in shares of CenturyLink by 111.6% in the first quarter. Babson Capital Management LLC now owns 93,289 shares of the company’s stock worth $2,982,000 after buying an additional 49,200 shares in the last quarter. Finally, MIG Capital LLC bought a new position in shares of CenturyLink during the first quarter worth about $237,000. Institutional investors own 73.62% of the company’s stock.

Shares of CenturyLink (NYSE:CTL) opened at 24.79 on Wednesday. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 14.61 and a beta of 0.84. The company has a 50-day moving average price of $26.47 and a 200-day moving average price of $28.07. CenturyLink has a 52 week low of $21.94 and a 52 week high of $33.45.

CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. CenturyLink had a return on equity of 10.48% and a net margin of 5.22%. The company had revenue of $4.38 billion for the quarter. During the same period in the prior year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities analysts anticipate that CenturyLink will post $2.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $2.16 annualized dividend and a yield of 8.71%. CenturyLink’s payout ratio is currently 127.06%.

About CenturyLink

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.

5 Day Chart for NYSE:CTL

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