CenturyLink (NYSE: CTL) has recently received a number of price target changes and ratings updates:

  • 11/13/2017 – CenturyLink was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CenturyLink posted weak third-quarter 2017 financial results with declining access lines and broadband subscriber loss. High debt levels and decreasing cash flows is likely to affect the company's margins. Technological changes compel large investments, which can dilute cash flow. Over the past three months, the stock price declined 29.5% as against the industry's loss of 11.3%. On the flip side, CenturyLink remains focused on establishing itself as a global leader in cloud infrastructure and hosted IT solutions arena for enterprise customers. The company unveiled a beta version of its OTT TV services. CenturyLink invests in fiber-to-the-tower expansion and has expanded its fiber-based backhaul services. Meanwhile, recently, CenturyLink completed the acquisition of Level 3 Communications.”
  • 11/10/2017 – CenturyLink had its price target lowered by analysts at Oppenheimer Holdings, Inc. from $28.00 to $20.00. They now have an “outperform” rating on the stock.
  • 11/10/2017 – CenturyLink had its price target lowered by analysts at Bank of America Corporation from $42.00 to $27.00. They now have a “buy” rating on the stock.
  • 11/9/2017 – CenturyLink had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $16.00 price target on the stock.
  • 11/9/2017 – CenturyLink had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $26.00 price target on the stock.
  • 11/9/2017 – CenturyLink had its price target lowered by analysts at UBS AG from $29.00 to $22.00. They now have a “buy” rating on the stock.
  • 11/9/2017 – CenturyLink had its price target lowered by analysts at Jefferies Group LLC to $17.00. They now have a “hold” rating on the stock.
  • 11/1/2017 – CenturyLink had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $25.00 price target on the stock.
  • 10/19/2017 – CenturyLink had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $24.00 price target on the stock.
  • 10/17/2017 – CenturyLink was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/13/2017 – CenturyLink was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CenturyLink -Level 3 Communications proposed merger recently received approval from the U.S. Department of Justice, subject to certain outlined conditions. The pending deal still awaits nod from the FCC and the California Public Utilities Commission. The deal, expected to close in the third quarter of 2017, has received approvals from almost 24 states and territories. CenturyLink remains focused on establishing itself as a global leader in cloud infrastructure and hosted IT solutions arena for enterprise customers. The company unveiled a beta version of its OTT TV services. CenturyLink invests in fiber-to-the-tower expansion and has expanded its fiber-based backhaul services. Over the past three months, share price of CenturyLink declined 11.5% as against the industry's gain of 5.2%. Loss in access lines, reducing legacy voice services revenues, tough competition, federal regulations and the need to upgrade technology remain headwinds.”
  • 10/10/2017 – CenturyLink had its price target lowered by analysts at Deutsche Bank AG from $23.00 to $20.00. They now have a “hold” rating on the stock.
  • 10/4/2017 – CenturyLink had its price target lowered by analysts at Barclays PLC from $23.00 to $19.00. They now have an “underweight” rating on the stock.
  • 10/3/2017 – CenturyLink had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $22.00 price target on the stock.
  • 9/18/2017 – CenturyLink had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $25.00 price target on the stock.

CenturyLink, Inc. (NYSE:CTL) opened at $14.78 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $15,860.00, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of -4.81 and a beta of 0.88. CenturyLink, Inc. has a 1 year low of $14.06 and a 1 year high of $27.61.

CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. sell-side analysts forecast that CenturyLink, Inc. will post 1.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 14.61%. The ex-dividend date is Friday, November 24th. CenturyLink’s dividend payout ratio is currently 372.41%.

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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