Somewhat Favorable Press Coverage Somewhat Unlikely to Affect CenturyLink (CTL) Stock Price
Media stories about CenturyLink (NYSE:CTL) have been trending somewhat positive on Monday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CenturyLink earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.5549221633387 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- CenturyLink, Inc. (CTL) Short Interest Update (americanbankingnews.com)
- Analysts Expect CenturyLink, Inc. (CTL) to Post $0.46 Earnings Per Share (americanbankingnews.com)
- CenturyLink (CTL) & Telecom Italia S.P.A. (TI) Critical Review (americanbankingnews.com)
- CenturyLink (CTL) Defers Level 3 Communications Acquisition – Yahoo Finance (finance.yahoo.com)
- CenturyLink (CTL) Defers Level 3 Communications Acquisition – Nasdaq (nasdaq.com)
CenturyLink (NYSE:CTL) opened at 18.98 on Monday. The firm has a 50-day moving average price of $20.59 and a 200 day moving average price of $23.41. The firm has a market capitalization of $10.43 billion, a PE ratio of 27.51 and a beta of 0.89. CenturyLink has a one year low of $18.19 and a one year high of $33.45.
CenturyLink (NYSE:CTL) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Analysts anticipate that CenturyLink will post $1.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 11.38%. CenturyLink’s dividend payout ratio is currently 313.04%.
Several research firms recently weighed in on CTL. UBS AG set a $29.00 price target on CenturyLink and gave the stock a “buy” rating in a report on Thursday, June 22nd. BidaskClub cut CenturyLink from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 price target on shares of CenturyLink in a report on Thursday, May 25th. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Cowen and Company reissued a “neutral” rating on shares of CenturyLink in a report on Monday, August 14th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.15.
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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