Centurylink Inc (NYSE:CTL) has earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $21.09.
A number of research firms have weighed in on CTL. Zacks Investment Research upgraded shares of Centurylink from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, November 16th. TheStreet lowered shares of Centurylink from a “b-” rating to a “c+” rating in a research report on Friday, January 4th. Finally, Cowen reiterated a “hold” rating and issued a $21.00 price target on shares of Centurylink in a research report on Friday, November 9th.
In other news, Director Steven T. Clontz purchased 8,207 shares of the company’s stock in a transaction on Tuesday, December 11th. The stock was acquired at an average cost of $17.20 per share, for a total transaction of $141,160.40. Following the completion of the transaction, the director now directly owns 178,970 shares in the company, valued at approximately $3,078,284. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Scott Trezise sold 53,164 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $18.88, for a total transaction of $1,003,736.32. Following the completion of the transaction, the executive vice president now owns 187,867 shares of the company’s stock, valued at $3,546,928.96. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CTL. Russell Investments Group Ltd. lifted its holdings in shares of Centurylink by 6.7% in the second quarter. Russell Investments Group Ltd. now owns 148,479 shares of the technology company’s stock worth $2,775,000 after buying an additional 9,384 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Centurylink in the second quarter worth $340,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Centurylink by 4.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 103,126 shares of the technology company’s stock worth $1,922,000 after buying an additional 4,359 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Centurylink by 1.7% in the second quarter. Baird Financial Group Inc. now owns 149,578 shares of the technology company’s stock worth $2,788,000 after buying an additional 2,524 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in shares of Centurylink by 10.1% in the second quarter. OppenheimerFunds Inc. now owns 2,904,871 shares of the technology company’s stock worth $54,146,000 after buying an additional 266,072 shares in the last quarter. 75.17% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CTL traded down $0.02 during trading hours on Tuesday, hitting $15.99. 3,774,037 shares of the company’s stock traded hands, compared to its average volume of 13,324,954. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of -9.16 and a beta of 0.98. Centurylink has a 52 week low of $13.97 and a 52 week high of $24.20.
Centurylink (NYSE:CTL) last announced its earnings results on Thursday, November 8th. The technology company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.88 billion. Centurylink had a net margin of 7.81% and a return on equity of 4.45%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 earnings per share. Sell-side analysts predict that Centurylink will post 1.14 EPS for the current year.
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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