CenturyLink, Inc. (CTL) Announces Quarterly Dividend of $0.54
CenturyLink (NYSE:CTL) declared a quarterly dividend on Monday, February 24th, Analyst Ratings Net reports. Investors of record on Monday, March 10th will be given a dividend of 0.54 per share on Friday, March 21st. This represents a $2.16 dividend on an annualized basis and a yield of 6.95%.
A number of analysts have recently weighed in on CTL shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of CenturyLink in a research note on Tuesday, February 11th. They now have a $37.00 price target on the stock, down previously from $40.00. On the ratings front, analysts at Macquarie upgraded shares of CenturyLink from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 11th. They now have a $33.00 price target on the stock, up previously from $31.00. Finally, analysts at Jefferies Group initiated coverage on shares of CenturyLink in a research note on Thursday, December 19th. They set an “underperform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $34.44.
CenturyLink (NYSE:CTL) opened at 31.09 on Monday. CenturyLink has a 52 week low of $27.93 and a 52 week high of $38.40. The stock has a 50-day moving average of $29.96 and a 200-day moving average of $31.72. The company’s market cap is $18.196 billion.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.09. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that CenturyLink will post $2.57 earnings per share for the current fiscal year.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
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