TheStreet upgraded shares of Centurylink (NYSE:CTL) from a d+ rating to a c rating in a research note released on Thursday morning, TheStreetRatingsTable reports.
CTL has been the topic of a number of other reports. Guggenheim downgraded Centurylink from a neutral rating to a sell rating and set a $10.00 price target on the stock. in a report on Wednesday. ValuEngine raised Centurylink from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Raymond James raised Centurylink from an underperform rating to a market perform rating in a research report on Thursday, August 8th. Wells Fargo & Co raised their price objective on Centurylink from $14.00 to $15.00 and gave the stock an outperform rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of Centurylink in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $13.16.
Shares of NYSE:CTL traded down $0.09 on Thursday, reaching $14.79. The company had a trading volume of 16,441,503 shares, compared to its average volume of 10,665,462. Centurylink has a 52-week low of $9.64 and a 52-week high of $21.50. The firm’s 50 day simple moving average is $12.53 and its 200-day simple moving average is $11.65. The firm has a market capitalization of $14.91 billion, a PE ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.86. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.53.
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 Zacks’ 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 during the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Centurylink will post 1.35 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CTL. Coastal Investment Advisors Inc. lifted its position in Centurylink by 563.7% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,197 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,866 shares during the period. Cornerstone Advisors Inc. lifted its position in Centurylink by 68.7% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,058 shares of the technology company’s stock worth $26,000 after acquiring an additional 838 shares during the period. Farmers & Merchants Investments Inc. lifted its position in Centurylink by 54.9% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,000 shares during the period. AGF Investments LLC acquired a new stake in Centurylink during the 2nd quarter worth about $38,000. Finally, NEXT Financial Group Inc lifted its position in Centurylink by 279.8% during the 2nd quarter. NEXT Financial Group Inc now owns 3,699 shares of the technology company’s stock worth $44,000 after acquiring an additional 2,725 shares during the period. 73.51% of the stock is owned by institutional investors.
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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