CenturyLink, Inc. (NYSE:CTL) – Investment analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of CenturyLink in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst S. Goldman anticipates that the technology company will post earnings per share of $0.45 for the quarter. Jefferies Group currently has a “Hold” rating and a $17.00 price target on the stock. Jefferies Group also issued estimates for CenturyLink’s Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $1.95 EPS and FY2018 earnings at $1.74 EPS.
A number of other equities research analysts have also recently issued reports on the company. BidaskClub cut CenturyLink from a “hold” rating to a “sell” rating in a report on Friday, August 11th. J P Morgan Chase & Co restated a “buy” rating and set a $26.00 price objective on shares of CenturyLink in a report on Thursday. UBS AG dropped their price target on shares of CenturyLink from $29.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer Holdings, Inc. dropped their price target on shares of CenturyLink from $28.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Bank of America Corporation dropped their price target on shares of CenturyLink from $42.00 to $27.00 and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. CenturyLink presently has a consensus rating of “Hold” and an average target price of $23.07.
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CenturyLink (NYSE:CTL) remained flat at $$15.48 on Friday. 19,339,199 shares of the stock traded hands, compared to its average volume of 10,296,206. The company has a current ratio of 0.82, a quick ratio of 0.90 and a debt-to-equity ratio of 1.92. The stock has a market cap of $8,507.95, a price-to-earnings ratio of 7.98, a P/E/G ratio of -4.02 and a beta of 0.88. CenturyLink has a 1 year low of $14.60 and a 1 year high of $27.61.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was down 7.9% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of CTL. Wellington Management Group LLP increased its stake in CenturyLink by 41.8% in the 1st quarter. Wellington Management Group LLP now owns 580,674 shares of the technology company’s stock valued at $13,686,000 after buying an additional 171,073 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of CenturyLink by 5.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 20,192 shares of the technology company’s stock worth $476,000 after purchasing an additional 1,130 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of CenturyLink during the 1st quarter worth approximately $240,000. Cambria Investment Management L.P. increased its stake in shares of CenturyLink by 83.4% during the 1st quarter. Cambria Investment Management L.P. now owns 21,840 shares of the technology company’s stock worth $515,000 after purchasing an additional 9,930 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of CenturyLink during the 1st quarter worth approximately $318,000. Hedge funds and other institutional investors own 82.51% of the company’s stock.
CenturyLink Company Profile
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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