Centurylink (NYSE:CTL)‘s stock had its “hold” rating reaffirmed by Cowen in a report issued on Friday. They presently have a $21.00 price target on the technology company’s stock. Cowen’s price target indicates a potential upside of 11.05% from the company’s current price.
A number of other equities research analysts have also recently issued reports on CTL. Zacks Investment Research upgraded shares of Centurylink from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, October 25th. Citigroup upped their price objective on shares of Centurylink from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, August 9th. ValuEngine upgraded shares of Centurylink from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Barclays reiterated a “hold” rating and issued a $21.00 price objective on shares of Centurylink in a report on Friday, August 10th. Finally, Morgan Stanley upped their price objective on shares of Centurylink from $21.60 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.62.
NYSE:CTL traded down $2.17 during trading hours on Friday, reaching $18.91. The company’s stock had a trading volume of 28,674,511 shares, compared to its average volume of 8,844,491. The stock has a market capitalization of $23.21 billion, a PE ratio of 12.86, a P/E/G ratio of -13.36 and a beta of 0.76. Centurylink has a one year low of $13.16 and a one year high of $24.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.60.
Centurylink (NYSE:CTL) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.88 billion. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. Centurylink’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, sell-side analysts forecast that Centurylink will post 1.07 earnings per share for the current fiscal year.
In other Centurylink news, Director Glen F. Post III sold 150,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management acquired a new position in shares of Centurylink during the third quarter valued at about $106,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Centurylink by 16,940.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,453 shares of the technology company’s stock valued at $102,000 after buying an additional 5,421 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of Centurylink by 210.7% during the second quarter. Rehmann Capital Advisory Group now owns 5,873 shares of the technology company’s stock valued at $109,000 after buying an additional 3,983 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new position in shares of Centurylink during the second quarter valued at about $110,000. Finally, AdvisorNet Financial Inc raised its position in shares of Centurylink by 118.4% during the second quarter. AdvisorNet Financial Inc now owns 6,422 shares of the technology company’s stock valued at $120,000 after buying an additional 3,482 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.
Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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