CenturyLink Inc. (CTL) Given Consensus Recommendation of “Hold” by Brokerages
CenturyLink Inc. (NYSE:CTL) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $28.60.
CTL has been the topic of a number of research reports. Zacks Investment Research downgraded shares of CenturyLink from a “hold” rating to a “sell” rating in a research note on Tuesday, October 4th. Vetr raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.33 target price on the stock in a research note on Wednesday, August 31st. Macquarie initiated coverage on shares of CenturyLink in a research note on Monday, July 11th. They issued a “neutral” rating and a $31.00 target price on the stock. Jefferies Group reissued a “sell” rating on shares of CenturyLink in a research note on Friday, September 2nd. Finally, Evercore ISI initiated coverage on shares of CenturyLink in a research note on Tuesday, June 21st. They issued a “hold” rating and a $28.00 target price on the stock.
A number of large investors have recently added to or reduced their stakes in CTL. Los Angeles Capital Management & Equity Research Inc. increased its stake in CenturyLink by 26.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,372,419 shares of the company’s stock valued at $39,814,000 after buying an additional 287,685 shares during the period. PGGM Investments increased its stake in CenturyLink by 10.0% in the second quarter. PGGM Investments now owns 1,462,121 shares of the company’s stock valued at $42,416,000 after buying an additional 132,536 shares during the period. Hancock Holding Co. increased its stake in CenturyLink by 6.3% in the second quarter. Hancock Holding Co. now owns 28,987 shares of the company’s stock valued at $841,000 after buying an additional 1,714 shares during the period. Panagora Asset Management Inc. increased its stake in CenturyLink by 32.1% in the first quarter. Panagora Asset Management Inc. now owns 2,511,649 shares of the company’s stock valued at $80,272,000 after buying an additional 610,495 shares during the period. Finally, Springbok Capital Management LLC purchased a new stake in CenturyLink during the first quarter valued at about $340,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.
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CenturyLink (NYSE:CTL) traded up 0.18% during trading on Wednesday, reaching $27.69. 953,211 shares of the company’s stock traded hands. The stock has a market capitalization of $15.12 billion, a P/E ratio of 15.50 and a beta of 0.80. CenturyLink has a 1-year low of $21.94 and a 1-year high of $32.94. The stock has a 50-day moving average price of $27.75 and a 200 day moving average price of $29.14.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. CenturyLink had a net margin of 5.47% and a return on equity of 11.02%. The business had revenue of $440 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the firm posted $0.55 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts expect that CenturyLink will post $2.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 7.81%. The ex-dividend date was Wednesday, August 31st. CenturyLink’s dividend payout ratio (DPR) is 120.67%.
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.
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