A number of other analysts have also commented on CTL. Zacks Investment Research lowered Centurylink from a hold rating to a strong sell rating in a research note on Tuesday, July 24th. Royal Bank of Canada lifted their price target on Centurylink to $27.00 and gave the company an outperform rating in a research note on Thursday, August 16th. Hanson lowered Centurylink from a neutral rating to a sell rating and set a $19.00 price target on the stock. in a research note on Wednesday, August 22nd. Moffett Nathanson reissued a sell rating and set a $23.00 price target on shares of Centurylink in a research note on Wednesday, August 22nd. Finally, Bank of America set a $27.00 price target on Centurylink and gave the company a buy rating in a research note on Wednesday, August 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $21.62.
NYSE:CTL traded down $2.17 during trading hours on Friday, hitting $18.91. The company’s stock had a trading volume of 28,674,511 shares, compared to its average volume of 8,844,491. The firm has a market capitalization of $23.21 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of -13.36 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.60. Centurylink has a twelve month low of $13.16 and a twelve month high of $24.20.
Centurylink (NYSE:CTL) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.88 billion. Centurylink had a return on equity of 4.50% and a net margin of 7.62%. Centurylink’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, analysts anticipate that Centurylink will post 1.07 EPS for the current fiscal year.
In other news, Director Glen F. Post III sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $24.00, for a total transaction of $3,600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of CTL. Temasek Holdings Private Ltd raised its position in shares of Centurylink by 16.4% during the second quarter. Temasek Holdings Private Ltd now owns 123,201,207 shares of the technology company’s stock worth $2,296,470,000 after acquiring an additional 17,339,784 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Centurylink during the second quarter worth about $35,437,000. Madison Investment Holdings Inc. bought a new position in shares of Centurylink during the second quarter worth about $24,058,000. Massachusetts Financial Services Co. MA bought a new position in shares of Centurylink during the third quarter worth about $27,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Centurylink by 195.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,557,650 shares of the technology company’s stock worth $29,035,000 after acquiring an additional 1,029,778 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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