Centurylink Inc (NYSE:CTL) has received a consensus rating of “Hold” from the eighteen brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.96.
CTL has been the subject of a number of recent analyst reports. TheStreet downgraded shares of Centurylink from a “b-” rating to a “c+” rating in a report on Friday, January 4th. ValuEngine lowered shares of Centurylink from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. Citigroup lowered shares of Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 price objective on the stock. in a research note on Tuesday, February 5th. Zacks Investment Research lowered shares of Centurylink from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Bank of America downgraded shares of Centurylink from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Tuesday, February 26th.
In other news, CFO Indraneel Dev bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $11.75 per share, with a total value of $587,500.00. Following the purchase, the chief financial officer now owns 459,153 shares in the company, valued at $5,395,047.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey K. Storey purchased 83,000 shares of Centurylink stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $11.94 per share, for a total transaction of $991,020.00. Following the transaction, the chief executive officer now directly owns 3,476,359 shares in the company, valued at $41,507,726.46. The disclosure for this purchase can be found here. Insiders have purchased 143,000 shares of company stock valued at $1,698,720 over the last quarter. 0.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legacy Advisors LLC acquired a new stake in Centurylink during the 1st quarter worth approximately $25,000. Signet Investment Advisory Group Inc. purchased a new position in Centurylink during the fourth quarter worth $34,000. Doyle Wealth Management purchased a new stake in shares of Centurylink in the fourth quarter valued at $35,000. Pearl River Capital LLC purchased a new stake in shares of Centurylink in the fourth quarter valued at $42,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Centurylink by 34.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock valued at $53,000 after purchasing an additional 904 shares during the period. Institutional investors and hedge funds own 76.05% of the company’s stock.
Shares of Centurylink stock traded up $0.03 during midday trading on Thursday, reaching $12.14. The company had a trading volume of 9,396,111 shares, compared to its average volume of 10,273,814. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.69 and a quick ratio of 0.69. Centurylink has a 1-year low of $11.52 and a 1-year high of $24.20. The firm has a market cap of $13.24 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.77 and a beta of 0.77.
Centurylink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, February 13th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.78 billion. Centurylink had a negative net margin of 7.39% and a positive return on equity of 5.68%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. On average, sell-side analysts expect that Centurylink will post 1.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend was Monday, March 11th. Centurylink’s dividend payout ratio (DPR) is presently 84.03%.
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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