Centurylink Inc (CTL) Receives Consensus Rating of “Hold” from Analysts
Centurylink Inc (NYSE:CTL) has been given an average recommendation of “Hold” by the eighteen ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.39.
Several research firms have recently weighed in on CTL. Guggenheim began coverage on Centurylink in a research report on Tuesday. They issued a “neutral” rating and a $17.00 price objective for the company. ValuEngine raised Centurylink from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Bank of America set a $27.00 price objective on Centurylink and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Zacks Investment Research lowered Centurylink from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Barclays reissued a “hold” rating and issued a $17.00 price objective on shares of Centurylink in a research report on Friday, February 16th.
A number of institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its position in Centurylink by 15.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 92,029 shares of the technology company’s stock valued at $1,535,000 after buying an additional 12,236 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Centurylink by 65.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 163,248 shares of the technology company’s stock valued at $2,723,000 after buying an additional 64,817 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Centurylink by 276.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 114,664 shares of the technology company’s stock valued at $1,913,000 after buying an additional 84,242 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Centurylink by 78.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,260 shares of the technology company’s stock valued at $9,078,000 after buying an additional 238,711 shares in the last quarter. Finally, Sawtooth Solutions LLC bought a new stake in Centurylink in the 4th quarter valued at about $1,036,000. 86.09% of the stock is owned by institutional investors and hedge funds.
Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.69 billion. Centurylink had a return on equity of 5.88% and a net margin of 7.87%. During the same period in the previous year, the firm posted $0.54 earnings per share. equities analysts anticipate that Centurylink will post 0.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 12.20%. The ex-dividend date of this dividend is Friday, March 2nd. Centurylink’s payout ratio is 415.38%.
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 Enterprise, 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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