CenturyLink, Inc. (CTL) Receives $25.01 Average Target Price from Analysts
CenturyLink, Inc. (NYSE:CTL) has earned an average rating of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.94.
CTL has been the subject of a number of research reports. Zacks Investment Research upgraded CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Cowen and Company increased their price target on CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $22.00 price target on shares of CenturyLink in a research note on Tuesday, October 3rd. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, BidaskClub cut CenturyLink from a “hold” rating to a “sell” rating in a research note on Friday, August 11th.
Large investors have recently made changes to their positions in the stock. Tredje AP fonden raised its position in CenturyLink by 47.1% during the 2nd quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock worth $2,370,000 after purchasing an additional 31,767 shares during the last quarter. Swiss National Bank raised its position in CenturyLink by 0.5% during the 2nd quarter. Swiss National Bank now owns 1,902,241 shares of the technology company’s stock worth $45,426,000 after purchasing an additional 9,400 shares during the last quarter. Synovus Financial Corp raised its position in CenturyLink by 20.3% during the 2nd quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock worth $5,242,000 after purchasing an additional 36,937 shares during the last quarter. Front Street Capital Management Inc. raised its position in CenturyLink by 94.2% during the 2nd quarter. Front Street Capital Management Inc. now owns 95,448 shares of the technology company’s stock worth $2,279,000 after purchasing an additional 46,305 shares during the last quarter. Finally, Fiduciary Management Inc. WI bought a new position in CenturyLink during the 2nd quarter worth $86,411,000. 82.95% of the stock is owned by institutional investors and hedge funds.
CenturyLink (CTL) traded up 2.97% during midday trading on Friday, hitting $19.04. The stock had a trading volume of 15,848,796 shares. CenturyLink has a 52 week low of $18.17 and a 52 week high of $33.45. The company’s 50-day moving average price is $19.26 and its 200 day moving average price is $22.72. The company has a market capitalization of $10.46 billion, a PE ratio of 27.59 and a beta of 0.89.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. On average, analysts expect that CenturyLink will post $1.94 EPS for the current year.
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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