Centurylink Inc (NYSE:CTL) – Investment analysts at SunTrust Banks lifted their FY2019 earnings estimates for shares of Centurylink in a research report issued on Thursday, November 7th. SunTrust Banks analyst G. Miller now forecasts that the technology company will post earnings per share of $1.29 for the year, up from their previous forecast of $1.26. SunTrust Banks also issued estimates for Centurylink’s Q4 2019 earnings at $0.30 EPS and FY2020 earnings at $1.57 EPS.

Several other equities analysts have also commented on the stock. Raymond James raised shares of Centurylink from an “underperform” rating to a “market perform” rating in a report on Thursday, August 8th. TheStreet upgraded shares of Centurylink from a “d+” rating to a “c” rating in a research note on Thursday. JPMorgan Chase & Co. restated a “buy” rating on shares of Centurylink in a research note on Friday, September 13th. Wells Fargo & Co upped their target price on shares of Centurylink from $14.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, ValuEngine raised shares of Centurylink from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.16.

NYSE CTL opened at $14.79 on Monday. The firm has a 50-day moving average of $12.53 and a 200-day moving average of $11.65. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $14.91 billion, a PE ratio of 12.43, a P/E/G ratio of 0.98 and a beta of 0.86. Centurylink has a 52-week low of $9.64 and a 52-week high of $21.50.

Centurylink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The company had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same period in the prior year, the company earned $0.30 EPS. The firm’s revenue was down 3.6% on a year-over-year basis.

A number of institutional investors and hedge funds have recently modified their holdings of CTL. Coastal Investment Advisors Inc. lifted its position in shares of Centurylink by 563.7% in the second quarter. Coastal Investment Advisors Inc. now owns 2,197 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,866 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Centurylink by 68.7% in the third quarter. Cornerstone Advisors Inc. now owns 2,058 shares of the technology company’s stock valued at $26,000 after buying an additional 838 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Centurylink by 54.9% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. AGF Investments LLC acquired a new position in Centurylink during the 2nd quarter worth $38,000. Finally, NEXT Financial Group Inc lifted its holdings in Centurylink by 279.8% during the 2nd quarter. NEXT Financial Group Inc now owns 3,699 shares of the technology company’s stock worth $44,000 after buying an additional 2,725 shares during the last quarter. 73.51% of the stock is currently owned by institutional investors.

About Centurylink

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Earnings History and Estimates for Centurylink (NYSE:CTL)

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