Investors Purchase High Volume of CenturyLink Put Options (CTL)
CenturyLink (NYSE:CTL) was the target of some unusual options trading activity on Friday. Investors bought 5,714 put options on the stock, StockRatingsNetwork reports. This represents an increase of 800% compared to the typical volume of 635 put options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of CenturyLink (NYSE:CTL) in a research note to investors on Thursday, September 19th. They now have a $34.00 price target on the stock. Separately, analysts at Nomura upgraded shares of CenturyLink (NYSE:CTL) from a “reduce” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $33.00 price target on the stock, up previously from $30.00. Finally, analysts at RBC Capital cut their price target on shares of CenturyLink (NYSE:CTL) from $39.00 to $36.00 in a research note to investors on Friday, August 9th. They now have a “sector perform” rating on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. CenturyLink has a consensus rating of “Hold” and a consensus price target of $37.50.
CenturyLink (NYSE:CTL) traded down 1.03% on Friday, hitting $31.78. 3,471,455 shares of the company’s stock traded hands. CenturyLink has a 52-week low of $31.85 and a 52-week high of $42.01. The stock has a 50-day moving average of $32.76 and a 200-day moving average of $35.19. The company has a market cap of $19.089 billion and a P/E ratio of 18.58.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that CenturyLink will post $2.71 EPS for the current fiscal year.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
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