CenturyLink Upgraded to Buy at TheStreet (CTL)
A number of other analysts have also recently weighed in on CTL. 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 analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.39.
Shares of CenturyLink (NYSE:CTL) traded down 0.37% during mid-day trading on Thursday, hitting $40.61. 1,133,718 shares of the company’s stock traded hands. 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 $38.97 and its 200-day moving average is $35.50. The company’s market cap is $23.154 billion. CenturyLink also was the recipient of some unusual options trading on Tuesday. Investors purchased 9,545 call options on the company. This is an increase of 144% compared to the average daily volume of 3,912 call options.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, August 6th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts predict that CenturyLink will post $2.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders 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 5.30%. The ex-dividend date is Wednesday, August 27th.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
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