Centurylink Inc (CTL) Receives Consensus Recommendation of “Hold” from Analysts

Centurylink Inc (NYSE:CTL) has earned an average rating of “Hold” from the eighteen research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $22.37.

Several research firms recently commented on CTL. Zacks Investment Research raised shares of Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Barclays cut their price objective on shares of Centurylink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Jefferies Group reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Centurylink in a research report on Tuesday, October 3rd. Deutsche Bank cut their price objective on shares of Centurylink from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Finally, ValuEngine raised shares of Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th.

Centurylink (NYSE CTL) opened at $17.67 on Tuesday. The firm has a market cap of $18,890.00, a price-to-earnings ratio of 30.47, a PEG ratio of -7.54 and a beta of 0.79. Centurylink has a 52-week low of $13.16 and a 52-week high of $27.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92.

Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. Centurylink had a return on equity of 7.99% and a net margin of 1.89%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. research analysts anticipate that Centurylink will post 1.56 EPS for the current year.

In other news, Director Martha Helena Bejar acquired 7,000 shares of the stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $14.28 per share, for a total transaction of $99,960.00. Following the purchase, the director now directly owns 25,991 shares of the company’s stock, valued at $371,151.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Glen F. Post III acquired 50,000 shares of the stock in a transaction dated Friday, December 8th. The shares were purchased at an average price of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. Insiders acquired a total of 150,595 shares of company stock worth $2,154,131 over the last quarter. Company insiders own 0.61% of the company’s stock.

Several hedge funds have recently made changes to their positions in CTL. Eaton Vance Management boosted its holdings in shares of Centurylink by 0.5% during the 2nd quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock worth $302,000 after buying an additional 57 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Centurylink by 73.8% during the 2nd quarter. Franklin Resources Inc. now owns 26,798 shares of the technology company’s stock worth $640,000 after buying an additional 11,380 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Centurylink by 17.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 168,640 shares of the technology company’s stock worth $4,026,000 after buying an additional 24,752 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of Centurylink by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 20,855 shares of the technology company’s stock worth $498,000 after buying an additional 663 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Centurylink by 16.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 143,267 shares of the technology company’s stock worth $3,421,000 after buying an additional 20,643 shares during the period. 42.11% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Centurylink (NYSE:CTL)

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