Centurylink (CTL) Getting Somewhat Negative News Coverage, Study Shows

Headlines about Centurylink (NYSE:CTL) have been trending somewhat negative this week, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Centurylink earned a news impact score of -0.05 on AlphaOne’s scale. AlphaOne also gave media headlines about the technology company an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Alpha One Sentiment’s analysis:

Several research analysts recently commented on CTL shares. Goldman Sachs Group Inc reiterated a “sell” rating and issued a $19.00 target price on shares of Centurylink in a report on Saturday, March 25th. Zacks Investment Research upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Morgan Stanley restated an “overweight” rating and set a $27.00 price objective on shares of Centurylink in a report on Wednesday, March 29th. Vetr upgraded shares of Centurylink from a “hold” rating to a “buy” rating and set a $24.40 price objective on the stock in a report on Monday, March 20th. Finally, Jefferies Group LLC dropped their price objective on shares of Centurylink from $26.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Centurylink has an average rating of “Hold” and an average target price of $26.70.

Shares of Centurylink (NYSE:CTL) opened at 24.87 on Friday. Centurylink has a 12 month low of $22.33 and a 12 month high of $33.45. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 24.38 and a beta of 0.83. The stock’s 50 day moving average is $24.89 and its 200 day moving average is $24.45.

Centurylink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.27 billion. Centurylink had a return on equity of 9.58% and a net margin of 3.58%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. Equities research analysts forecast that Centurylink will post $2.11 earnings per share for the current fiscal year.

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About Centurylink

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.

12 Month Chart for NYSE:CTL

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