CenturyLink, Inc. (CTL) Rating Reiterated by Jefferies Group LLC
CenturyLink, Inc. (NYSE:CTL)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a report released on Tuesday. They currently have a $22.00 target price on the technology company’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 9.02% from the company’s current price.
Several other research firms have also weighed in on CTL. UBS AG set a $29.00 price target on shares of CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. BidaskClub lowered shares of CenturyLink from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research note on Monday, September 18th. Finally, Cowen and Company reiterated a “neutral” rating on shares of CenturyLink in a research note on Monday, August 14th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.08.
CenturyLink (NYSE:CTL) traded up 4.45% on Tuesday, reaching $20.18. 12,099,598 shares of the company’s stock traded hands. CenturyLink has a 52-week low of $18.17 and a 52-week high of $33.45. The company’s 50 day moving average is $19.45 and its 200-day moving average is $23.06. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 29.25 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 the Zacks’ 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%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Equities analysts expect that CenturyLink will post $1.94 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the company. Endurance Wealth Management Inc. grew 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 purchasing an additional 725 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of CenturyLink during the 1st quarter valued at $120,000. Exane Derivatives raised its stake in shares of CenturyLink by 27.6% during the 2nd quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,436 shares during the period. First City Capital Management Inc. bought a new stake in shares of CenturyLink during the 1st quarter valued at $215,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of CenturyLink during the 2nd quarter valued at $197,000. 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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