An issue of CenturyLink, Inc. (NYSE:CTL) debt rose 1% against its face value during trading on Friday. The high-yield issue of debt has a 7.6% coupon and will mature on September 15, 2039. The bonds in the issue are now trading at $85.00 and were trading at $83.00 last week. Price moves in a company’s debt in credit markets often predict parallel moves in its share price.

Several research firms have commented on CTL. BidaskClub upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Cowen Inc reiterated a “neutral” rating on shares of CenturyLink in a report on Monday, August 14th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Barclays PLC decreased their price objective on shares of CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a report on Wednesday, October 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $22.00 price objective on shares of CenturyLink in a report on Tuesday, October 3rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.07.

CenturyLink, Inc. (CTL) traded up $0.04 during mid-day trading on Friday, hitting $13.84. 7,332,967 shares of the company traded hands, compared to its average volume of 10,489,211. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. CenturyLink, Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $27.61. The firm has a market capitalization of $15,329.50, a P/E ratio of 7.39, a PEG ratio of -4.46 and a beta of 0.88.

CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the company posted $0.56 earnings per share. The company’s revenue was down 7.9% on a year-over-year basis. equities research analysts anticipate that CenturyLink, Inc. will post 1.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.54 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.16 annualized dividend and a dividend yield of 15.61%. CenturyLink’s dividend payout ratio (DPR) is presently 372.42%.

Hedge funds have recently added to or reduced their stakes in the stock. Tredje AP fonden grew its stake in shares of CenturyLink by 47.1% in the second quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock valued at $2,370,000 after acquiring an additional 31,767 shares in the last quarter. Swiss National Bank lifted its position in CenturyLink by 0.5% during the second 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 period. Synovus Financial Corp lifted its position in CenturyLink by 20.3% during the second 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 period. Global X MANAGEMENT CO LLC lifted its position in CenturyLink by 17.1% during the third quarter. Global X MANAGEMENT CO LLC now owns 441,440 shares of the technology company’s stock worth $8,343,000 after purchasing an additional 64,432 shares during the period. Finally, Front Street Capital Management Inc. lifted its position in CenturyLink by 94.2% during the second 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 period. Institutional investors and hedge funds own 82.32% of the company’s stock.

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About CenturyLink

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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