Centurylink’s (CTL) Buy Rating Reiterated at Oppenheimer
Oppenheimer restated their buy rating on shares of Centurylink (NYSE:CTL) in a report released on Tuesday. The brokerage currently has a $20.00 price objective on the technology company’s stock. Oppenheimer also issued estimates for Centurylink’s FY2018 earnings at $1.39 EPS.
Several other research firms have also recently weighed in on CTL. Zacks Investment Research raised shares of Centurylink from a sell rating to a hold rating in a research report on Friday, October 13th. Barclays cut their price objective on shares of Centurylink from $23.00 to $19.00 and set an underweight rating for the company in a research report on Wednesday, October 4th. Jefferies Group reaffirmed a hold rating and set a $22.00 price objective on shares of Centurylink in a research report on Tuesday, October 3rd. Deutsche Bank cut their price objective on shares of Centurylink from $23.00 to $20.00 and set a hold rating for the company in a research report on Tuesday, October 10th. Finally, ValuEngine raised shares of Centurylink from a hold rating to a buy rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $22.37.
Centurylink (NYSE CTL) traded down $0.11 on Tuesday, reaching $17.36. 11,500,200 shares of the company traded hands, compared to its average volume of 16,840,000. Centurylink has a 1-year low of $13.16 and a 1-year high of $27.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $18,560.00, a PE ratio of 29.93, a price-to-earnings-growth ratio of -7.59 and a beta of 0.79.
In related news, Chairman Harvey P. Perry bought 7,500 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $14.32 per share, with a total value of $107,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Boulet bought 5,095 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $15.48 per share, with a total value of $78,870.60. Following the acquisition, the director now directly owns 42,820 shares of the company’s stock, valued at approximately $662,853.60. The disclosure for this purchase can be found here. Insiders bought 150,595 shares of company stock valued at $2,154,131 in the last three months. Company insiders own 0.61% of the company’s stock.
Several hedge funds have recently bought and sold shares of CTL. Fieldpoint Private Securities LLC acquired a new position in shares of Centurylink in the third quarter valued at approximately $115,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Centurylink by 178.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock valued at $134,000 after buying an additional 4,285 shares during the period. Blue Granite Capital LLC acquired a new position in shares of Centurylink in the third quarter valued at approximately $136,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Centurylink by 10,329.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock valued at $136,000 after buying an additional 7,127 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Centurylink in the second quarter valued at approximately $197,000. 82.32% of the stock is owned by hedge funds and other institutional investors.
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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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