CenturyLink, Inc. (CTL) Raised to “Buy” at ValuEngine
CenturyLink, Inc. (NYSE:CTL) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
CTL has been the subject of several other reports. Cowen and Company reiterated a “neutral” rating on shares of CenturyLink in a research note on Monday. Bank of America Corporation reiterated a “buy” rating on shares of CenturyLink in a research note on Tuesday, May 9th. BidaskClub upgraded CenturyLink from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, April 26th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. CenturyLink currently has a consensus rating of “Hold” and a consensus price target of $26.22.
Shares of CenturyLink (CTL) traded down 1.14% during midday trading on Friday, reaching $19.16. The company’s stock had a trading volume of 23,703,171 shares. The company has a 50-day moving average price of $22.59 and a 200-day moving average price of $24.13. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 27.77 and a beta of 0.87. CenturyLink has a 12 month low of $18.41 and a 12 month high of $33.45.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s revenue was down 7.0% compared to the same quarter last year. Equities analysts expect that CenturyLink will post $1.95 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. Endurance Wealth Management Inc. boosted its position in shares of CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after buying an additional 725 shares in the last quarter. FNY Managed Accounts LLC bought a new position in shares of CenturyLink during the first quarter valued at $120,000. Exane Derivatives boosted its position in shares of CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock valued at $123,000 after buying an additional 1,194 shares in the last quarter. Ledyard National Bank boosted its position in shares of CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock valued at $173,000 after buying an additional 7,243 shares in the last quarter. Finally, First City Capital Management Inc. bought a new position in shares of CenturyLink during the first quarter valued at $215,000. 77.77% of the stock is owned by hedge funds and other institutional investors.
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.
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