TheStreet upgraded shares of Centurylink (NYSE:CTL) from a d+ rating to a c rating in a research note released on Thursday, TheStreetRatingsTable reports.
A number of other equities research analysts have also recently issued reports on the stock. Guggenheim cut shares of Centurylink from a neutral rating to a sell rating and set a $10.00 price objective for the company. in a report on Wednesday. JPMorgan Chase & Co. reiterated a buy rating on shares of Centurylink in a report on Friday, September 13th. Raymond James upgraded shares of Centurylink from an underperform rating to a market perform rating in a report on Thursday, August 8th. Wells Fargo & Co upped their price objective on shares of Centurylink from $14.00 to $15.00 and gave the stock an outperform rating in a report on Thursday. Finally, ValuEngine upgraded shares of Centurylink from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Centurylink presently has an average rating of Hold and an average price target of $13.16.
Shares of NYSE CTL traded down $0.09 during mid-day trading on Thursday, reaching $14.79. The company had a trading volume of 16,441,503 shares, compared to its average volume of 10,665,462. Centurylink has a twelve month low of $9.64 and a twelve month high of $21.50. 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 capitalization of $14.91 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.86. The stock’s 50 day moving average is $12.53 and its 200-day moving average is $11.65.
Centurylink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.31 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $5.53 billion. During the same period last year, the company posted $0.30 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Centurylink will post 1.35 EPS for the current year.
A number of large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in Centurylink by 114.1% during the first quarter. FMR LLC now owns 2,433,165 shares of the technology company’s stock valued at $29,174,000 after acquiring an additional 1,296,573 shares during the period. Thomasville National Bank boosted its holdings in Centurylink by 13.9% during the second quarter. Thomasville National Bank now owns 62,040 shares of the technology company’s stock valued at $730,000 after acquiring an additional 7,595 shares during the period. Boothe Investment Group Inc. boosted its holdings in Centurylink by 10.0% during the second quarter. Boothe Investment Group Inc. now owns 33,938 shares of the technology company’s stock valued at $399,000 after acquiring an additional 3,077 shares during the period. OLD Point Trust & Financial Services N A boosted its holdings in Centurylink by 6.4% during the second quarter. OLD Point Trust & Financial Services N A now owns 99,898 shares of the technology company’s stock valued at $1,175,000 after acquiring an additional 6,000 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Centurylink by 5.6% during the second quarter. Crossmark Global Holdings Inc. now owns 148,262 shares of the technology company’s stock valued at $1,744,000 after acquiring an additional 7,834 shares during the period. Hedge funds and other institutional investors own 73.51% of the company’s stock.
Centurylink Company Profile
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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