CenturyLink, Inc. (CTL) Stock Rating Reaffirmed by Cowen and Company
CTL has been the topic of several other research reports. Vetr upgraded CenturyLink from a buy rating to a strong-buy rating and set a $27.12 target price on the stock in a research report on Monday, May 8th. Zacks Investment Research upgraded 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. BidaskClub cut CenturyLink from a hold rating to a sell rating in a research report on Friday, August 11th. Raymond James Financial, Inc. reiterated an underperform rating on shares of CenturyLink in a research report on Monday, May 15th. Finally, Barclays PLC decreased their price target on CenturyLink from $24.00 to $23.00 and set an underweight rating on the stock in a research note on Thursday, June 29th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $26.22.
CenturyLink (CTL) opened at 19.38 on Monday. CenturyLink has a 12 month low of $19.33 and a 12 month high of $33.45. The firm’s 50-day moving average price is $22.73 and its 200-day moving average price is $24.17. The stock has a market cap of $10.65 billion, a P/E ratio of 28.09 and a beta of 0.87.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts predict that CenturyLink will post $1.95 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of CTL. Vanguard Group Inc. raised its position in shares of CenturyLink by 22.6% in the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after buying an additional 10,583,246 shares in the last quarter. State Street Corp raised its position in shares of CenturyLink by 1.0% in the first quarter. State Street Corp now owns 31,157,907 shares of the technology company’s stock worth $734,384,000 after buying an additional 293,702 shares in the last quarter. American International Group Inc. raised its position in shares of CenturyLink by 1.4% in the first quarter. American International Group Inc. now owns 15,944,716 shares of the technology company’s stock worth $375,817,000 after buying an additional 214,210 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CenturyLink by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,689,431 shares of the technology company’s stock worth $231,404,000 after buying an additional 301,671 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of CenturyLink by 1.4% in the second quarter. Northern Trust Corp now owns 6,978,167 shares of the technology company’s stock worth $166,639,000 after buying an additional 95,821 shares in the last quarter. 77.77% of the stock is currently owned by hedge funds and other institutional investors.
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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