Somewhat Positive Press Coverage Very Likely to Affect CenturyLink (NYSE:CTL) Stock Price
Press coverage about CenturyLink (NYSE:CTL) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CenturyLink earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Four additional states approve CenturyLink. (thefreelibrary.com)
- Centurylink Inc (CTL) Breaks Through Resistance at $22.98 (mysmartrend.com)
- INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against CenturyLink, Inc. and Reminds Investors with Losses to Contact the Firm (finance.yahoo.com)
- EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against CenturyLink, Inc. â€“ CTL – GuruFocus.com (gurufocus.com)
- Why Centurylink Inc (CTL), MSC Industrial Direct Co Inc (MSM) and Harley-Davidson Inc (HOG) Are 3 of Today’s Worst … – Yahoo Finance (finance.yahoo.com)
CenturyLink (NYSE:CTL) traded up 0.92% during trading on Friday, reaching $22.99. 6,757,823 shares of the company’s stock were exchanged. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 22.54 and a beta of 0.88. CenturyLink has a 12 month low of $22.33 and a 12 month high of $33.45. The firm’s 50-day moving average price is $25.26 and its 200-day moving average price is $24.70.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.27 billion. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities research analysts anticipate that CenturyLink will post $2.10 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, June 5th were given a dividend of $0.54 per share. The ex-dividend date was Thursday, June 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.40%. CenturyLink’s dividend payout ratio (DPR) is presently 211.77%.
Several analysts have commented on CTL shares. UBS AG set a $29.00 target price on shares of CenturyLink and gave the stock a “buy” rating in a report on Thursday, June 22nd. BidaskClub downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Morgan Stanley restated an “overweight” rating and set a $27.00 target price on shares of CenturyLink in a report on Wednesday, March 29th. Cowen and Company raised their target price on shares of CenturyLink from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Wednesday, July 5th. Finally, Vetr upgraded shares of CenturyLink from a “buy” rating to a “strong-buy” rating and set a $27.12 target price on the stock in a report on Monday, May 8th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.22.
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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