CenturyLink Sees Unusually High Options Volume (CTL)
Shares of CenturyLink (NYSE:CTL) were the recipient of unusually large options trading on Tuesday. Traders purchased 9,545 call options on the stock, AnalystRatingsNetwork.com reports. This represents an increase of approximately 144% compared to the typical daily volume of 3,912 call options.
CTL has been the subject of a number of recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of CenturyLink in a research note on Tuesday, August 12th. They now have a $43.00 price target on the stock, up previously from $42.00. Separately, analysts at DA Davidson raised their price target on shares of CenturyLink from $30.00 to $38.00 in a research note on Thursday, August 7th. They now have an “underperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of CenturyLink from $38.00 to $43.00 in a research note on Thursday, August 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. CenturyLink currently has an average rating of “Hold” and an average price target of $37.39.
CenturyLink (NYSE:CTL) traded down 0.32% on Tuesday, hitting $41.14. The stock had a trading volume of 2,568,192 shares. CenturyLink has a 52 week low of $27.93 and a 52 week high of $45.67. The stock’s 50-day moving average is $38.71 and its 200-day moving average is $35.38. The company’s market cap is $23.457 billion.
CenturyLink (NYSE:CTL) last released its earnings data on Wednesday, August 6th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.08. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the company posted $0.69 earnings per share. CenturyLink’s revenue was up .4% compared to the same quarter last year. Analysts expect that CenturyLink will post $2.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Wednesday, August 27th.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
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