Share on StockTwits

CenturyLink (NYSE:CTL) Director Fred R. Nichols unloaded 3,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $37.30, for a total value of $111,900.00. Following the completion of the sale, the director now directly owns 7,002 shares in the company, valued at approximately $261,175. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of CenturyLink (NYSE:CTL) traded up 1.61% during mid-day trading on Wednesday, hitting $37.92. The stock had a trading volume of 2,854,015 shares. CenturyLink has a one year low of $27.93 and a one year high of $38.21. The stock’s 50-day moving average is $35.52 and its 200-day moving average is $32.11. The company’s market cap is $21.719 billion.

CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.05. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that CenturyLink will post $2.61 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Sanford C. Bernstein initiated coverage on shares of CenturyLink in a research note on Thursday, May 22nd. They set a “market perform” rating on the stock. Separately, analysts at Bernstein initiated coverage on shares of CenturyLink in a research note on Wednesday, May 21st. They set a “market perform” rating and a $36.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of CenturyLink from an “overweight” rating to an “equal weight” rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.10.

CenturyLink, Inc (NYSE:CTL) is an integrated communications company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.