CenturyLink, Inc. (CTL) Stock Rating Reaffirmed by SunTrust Banks, Inc.
CenturyLink, Inc. (NYSE:CTL)‘s stock had its “hold” rating reaffirmed by research analysts at SunTrust Banks, Inc. in a research note issued on Wednesday. They presently have a $25.00 price target on the technology company’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 31.65% from the company’s current price.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a report on Monday, September 18th. Zacks Investment Research cut CenturyLink from a “hold” rating to a “strong sell” rating in a report on Friday, August 25th. Morgan Stanley decreased their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. Finally, BidaskClub cut CenturyLink from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. CenturyLink has a consensus rating of “Hold” and an average price target of $24.79.
CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year.
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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