News articles about CenturyLink (NYSE:CTL) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CenturyLink earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.1962066844678 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- CenturyLink, Inc. (CTL) Raised to Buy at ValuEngine (americanbankingnews.com)
- CenturyLink, Inc. breached its 50 day moving average in a Bearish Manner : CTL-US : October 17, 2017 (finance.yahoo.com)
- CenturyLink cybersecurity chief speaks at annual NATO conference (finance.yahoo.com)
- What Led to CenturyLink’s Steep Dividend Yield Curve? (finance.yahoo.com)
- Report: CenturyLink still plans Level 3 close by month’s end (seekingalpha.com)
Several research analysts have commented on CTL shares. BidaskClub lowered CenturyLink from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. UBS AG set a $29.00 target price on CenturyLink and gave the company a “buy” rating in a report on Thursday, June 22nd. Barclays PLC dropped their target price on CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, June 29th. Cowen and Company boosted their target price on CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Wednesday, July 5th. Finally, ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. CenturyLink presently has an average rating of “Hold” and an average target price of $25.15.
Shares of CenturyLink (NYSE:CTL) opened at 19.02 on Wednesday. The company has a 50 day moving average price of $19.43 and a 200-day moving average price of $22.88. CenturyLink has a 1-year low of $18.17 and a 1-year high of $33.45. The stock has a market capitalization of $10.45 billion, a P/E ratio of 27.57 and a beta of 0.89.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts forecast that CenturyLink will post $1.93 EPS for the current fiscal year.
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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