CenturyLink, Inc. (NYSE:CTL) – SunTrust Banks cut their Q3 2017 earnings per share (EPS) estimates for shares of CenturyLink in a research note issued to investors on Monday. SunTrust Banks analyst G. Miller now forecasts that the technology company will post earnings per share of $0.48 for the quarter, down from their previous estimate of $0.53. SunTrust Banks also issued estimates for CenturyLink’s FY2017 earnings at $1.98 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.48 EPS and FY2018 earnings at $1.99 EPS.

Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Bank of America Corporation restated a “buy” rating on shares of CenturyLink in a research report on Tuesday, May 9th. Vetr upgraded shares of CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price target for the company in a research report on Monday, May 1st. Barclays PLC cut their price target on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, June 29th. Finally, Jefferies Group LLC cut their price target on shares of CenturyLink from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.22.

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CenturyLink (CTL) opened at 22.34 on Tuesday. The company’s 50-day moving average price is $23.98 and its 200 day moving average price is $24.49. CenturyLink has a 12 month low of $22.22 and a 12 month high of $33.45. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 32.38 and a beta of 0.87.

CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 earnings per share.

Hedge funds have recently bought and sold shares of the company. Endurance Wealth Management Inc. raised its stake in CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after buying an additional 725 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in CenturyLink during the first quarter worth $120,000. Exane Derivatives raised its stake in CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock worth $123,000 after buying an additional 1,194 shares in the last quarter. Ledyard National Bank raised its stake in CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock worth $173,000 after buying an additional 7,243 shares in the last quarter. Finally, First City Capital Management Inc. purchased a new stake in CenturyLink during the first quarter worth $215,000. Institutional investors own 78.04% of the company’s stock.

CenturyLink Company Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.

Earnings History and Estimates for CenturyLink (NYSE:CTL)

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