CenturyLink (CTL) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media stories about CenturyLink (NYSE:CTL) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CenturyLink earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.4134612809108 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Look for Shares of Centurylink Inc to Potentially Rebound after Yesterday’s 4.17% Sell Off (mysmartrend.com)
- Watch for Centurylink Inc to Potentially Rebound After Falling 4.17% Yesterday (mysmartrend.com)
- CenturyLink Enters Oversold Territory (CTL) (nasdaq.com)
- Centurylink : Holzer & Holzer Files Class Action Suit Against CenturyLink, Inc. (4-traders.com)
- DEADLINE ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against CenturyLink, Inc. (CTL) and Lead Plaintiff Deadline: August 21, 2017 (finance.yahoo.com)
CTL has been the topic of a number of recent research reports. Bank of America Corporation reissued a “buy” rating on shares of CenturyLink in a research report on Tuesday, May 9th. Vetr raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 target price on the stock in a research report on Monday, May 1st. Zacks Investment Research raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, April 26th. UBS AG set a $29.00 target price on shares of CenturyLink and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, BidaskClub cut shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.22.
Shares of CenturyLink (NYSE:CTL) opened at 20.54 on Wednesday. The company has a 50-day moving average of $22.99 and a 200 day moving average of $24.23. CenturyLink has a 12-month low of $20.53 and a 12-month high of $33.45. The firm has a market capitalization of $11.29 billion, a PE ratio of 29.77 and a beta of 0.87.
CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.03. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, analysts predict that CenturyLink will post $1.95 EPS for the current 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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