Centurylink (NYSE:CTL) had its price target hoisted by equities researchers at Wells Fargo & Co from $14.00 to $15.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the technology company’s stock. Wells Fargo & Co‘s price objective would suggest a potential upside of 1.01% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Centurylink in a report on Friday, September 13th. Raymond James upgraded shares of Centurylink from an “underperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, Guggenheim cut shares of Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price objective on the stock. in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.68.
Shares of NYSE CTL traded down $0.03 during midday trading on Thursday, hitting $14.85. 623,872 shares of the company traded hands, compared to its average volume of 10,665,462. Centurylink has a 12-month low of $9.64 and a 12-month high of $21.50. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50-day moving average price of $12.49 and a 200 day moving average price of $11.64. The firm has a market cap of $14.91 billion, a P/E ratio of 12.48, a P/E/G ratio of 0.98 and a beta of 0.86.
Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). Centurylink had a negative net margin of 34.77% and a positive return on equity of 8.30%. The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. Centurylink’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts expect that Centurylink will post 1.35 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Eaton Vance Management lifted its stake in shares of Centurylink by 0.5% in the second quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock worth $302,000 after buying an additional 57 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Centurylink by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 20,832 shares of the technology company’s stock worth $604,000 after buying an additional 65 shares in the last quarter. Washington Trust Bank lifted its stake in shares of Centurylink by 1.6% in the third quarter. Washington Trust Bank now owns 4,672 shares of the technology company’s stock worth $128,000 after buying an additional 75 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Centurylink by 0.5% in the second quarter. Synovus Financial Corp now owns 14,707 shares of the technology company’s stock worth $429,000 after buying an additional 76 shares in the last quarter. Finally, Cleararc Capital Inc. lifted its stake in shares of Centurylink by 0.7% in the first quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company’s stock worth $316,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.
Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.
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