CenturyLink, Inc. (CTL) Earns “Neutral” Rating from Cowen and Company
CenturyLink, Inc. (NYSE:CTL)‘s stock had its “neutral” rating reiterated by stock analysts at Cowen and Company in a research report issued on Monday.
Several other equities analysts have also weighed in on the company. BidaskClub lowered CenturyLink from a “hold” rating to a “sell” rating in a research note on Friday. Barclays PLC dropped their price target on CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, June 29th. UBS AG set a $29.00 price target on CenturyLink and gave the stock a “buy” rating in a research report on Thursday, June 22nd. ValuEngine lowered CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research report on Thursday, May 25th. Four 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 issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.22.
Shares of CenturyLink (CTL) traded up 1.39% during trading on Monday, hitting $21.96. 4,309,153 shares of the stock traded hands. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 31.83 and a beta of 0.87. The firm’s 50-day moving average price is $23.18 and its 200-day moving average price is $24.32. CenturyLink has a 52 week low of $21.56 and a 52 week high of $33.45.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. The business 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%. CenturyLink’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. On average, equities research analysts anticipate that CenturyLink will post $1.95 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new position in shares of CenturyLink during the first quarter valued at $109,000. Bessemer Group Inc. increased its stake in CenturyLink by 44.5% in the first quarter. Bessemer Group Inc. now owns 3,450 shares of the technology company’s stock worth $110,000 after buying an additional 1,062 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in CenturyLink by 14.7% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,892 shares of the technology company’s stock worth $113,000 after buying an additional 500 shares during the last quarter. Exane Derivatives purchased a new stake in CenturyLink during the third quarter worth $123,000. Finally, Washington Trust Bank increased its stake in CenturyLink by 13.8% in the second quarter. Washington Trust Bank now owns 4,597 shares of the technology company’s stock worth $133,000 after buying an additional 558 shares during the last quarter. 77.77% of the stock is owned by institutional investors.
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.
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