CenturyLink, Inc. (CTL) Receives Consensus Rating of “Hold” from Analysts
CenturyLink, Inc. (NYSE:CTL) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.84.
A number of research firms have commented on CTL. ValuEngine downgraded CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded CenturyLink from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a report on Thursday, May 25th. Barclays PLC reduced their target price on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday, June 29th. Finally, UBS AG set a $29.00 target price on CenturyLink and gave the company a “buy” rating in a report on Thursday, June 22nd.
CenturyLink (CTL) opened at 18.53 on Wednesday. CenturyLink has a 52-week low of $18.17 and a 52-week high of $33.45. The firm’s 50-day moving average is $20.32 and its 200-day moving average is $23.33. The firm has a market capitalization of $10.18 billion, a PE ratio of 26.86 and a beta of 0.89.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business posted $0.63 EPS. CenturyLink’s revenue was down 7.0% compared to the same quarter last year. On average, analysts anticipate that CenturyLink will post $1.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 11.66%. The ex-dividend date was Thursday, August 31st. CenturyLink’s dividend payout ratio (DPR) is presently 313.04%.
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A number of hedge funds have recently made changes to their positions in CTL. Vanguard Group Inc. raised its stake in CenturyLink by 22.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after purchasing an additional 10,583,246 shares during the last quarter. Capital World Investors acquired a new position in CenturyLink in the 2nd quarter valued at about $142,086,000. Standard Life Investments LTD acquired a new position in CenturyLink in the 2nd quarter valued at about $112,613,000. Fiduciary Management Inc. WI acquired a new position in CenturyLink in the 2nd quarter valued at about $86,411,000. Finally, Thornburg Investment Management Inc. raised its stake in CenturyLink by 107.8% in the 1st quarter. Thornburg Investment Management Inc. now owns 6,521,497 shares of the technology company’s stock valued at $153,712,000 after purchasing an additional 3,383,155 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other 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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