Evercore ISI began coverage on shares of Centurylink (NYSE:CTL) in a research note issued on Wednesday, Marketbeat.com reports. The firm set an “underperform” rating and a $14.00 price target on the technology company’s stock. Evercore ISI’s target price indicates a potential upside of 1.89% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim cut Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price target on the stock. in a research report on Wednesday, November 6th. TheStreet upgraded Centurylink from a “d+” rating to a “c” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Centurylink in a research report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.15.
CTL opened at $13.74 on Wednesday. Centurylink has a 12 month low of $9.64 and a 12 month high of $17.40. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $15.45 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.46 and a beta of 0.91. The stock’s 50 day moving average price is $14.13 and its 200 day moving average price is $12.23.
Centurylink (NYSE:CTL) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Centurylink had a negative net margin of 34.96% and a positive return on equity of 9.56%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Centurylink will post 1.31 EPS for the current year.
In other news, Director Laurie Siegel sold 3,072 shares of Centurylink stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $14.00, for a total transaction of $43,008.00. Following the transaction, the director now directly owns 59,358 shares in the company, valued at approximately $831,012. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CTL. FMR LLC grew its holdings in shares of Centurylink by 114.1% in the 1st quarter. FMR LLC now owns 2,433,165 shares of the technology company’s stock worth $29,174,000 after acquiring an additional 1,296,573 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Centurylink by 2.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 450,385 shares of the technology company’s stock worth $5,297,000 after acquiring an additional 12,105 shares during the last quarter. Aviva PLC grew its holdings in shares of Centurylink by 4.7% in the 2nd quarter. Aviva PLC now owns 377,278 shares of the technology company’s stock worth $4,437,000 after acquiring an additional 16,950 shares during the last quarter. KBC Group NV grew its holdings in shares of Centurylink by 7.8% in the 2nd quarter. KBC Group NV now owns 1,622,966 shares of the technology company’s stock worth $19,086,000 after acquiring an additional 117,799 shares during the last quarter. Finally, AGF Investments LLC acquired a new position in shares of Centurylink in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 74.83% of the company’s stock.
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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