Goldman Sachs Group upgraded shares of Centurylink (NYSE:CTL) from a sell rating to a neutral rating in a research report released on Monday, January 8th, Marketbeat reports. The firm currently has $19.00 price target on the technology company’s stock.
CTL has been the topic of several other reports. UBS Group reduced their target price on Centurylink from $29.00 to $22.00 and set a buy rating on the stock in a report on Thursday, November 9th. Cowen restated a hold rating and set a $24.00 price objective on shares of Centurylink in a research report on Thursday, October 19th. Bank of America dropped their price objective on Centurylink from $42.00 to $27.00 and set a buy rating for the company in a research report on Friday, November 10th. Deutsche Bank restated a hold rating and set a $16.00 price objective on shares of Centurylink in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. reiterated a buy rating and issued a $26.00 target price on shares of Centurylink in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $22.37.
Centurylink (CTL) traded down $0.02 on Monday, reaching $17.34. The company had a trading volume of 11,857,999 shares, compared to its average volume of 13,004,800. Centurylink has a twelve month low of $13.16 and a twelve month high of $27.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92. The company has a market cap of $18,600.00, a PE ratio of 29.90, a PEG ratio of -7.75 and a beta of 0.79.
Centurylink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.06 billion. Centurylink had a net margin of 1.89% and a return on equity of 7.99%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. analysts predict that Centurylink will post 1.56 earnings per share for the current year.
In related news, Director Virginia Boulet bought 5,095 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of $15.48 per share, with a total value of $78,870.60. Following the completion of the transaction, the director now directly owns 42,820 shares in the company, valued at $662,853.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glen F. Post III bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average cost of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. Insiders have purchased 150,595 shares of company stock valued at $2,154,131 in the last ninety days. 0.61% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Eaton Vance Management lifted its holdings in Centurylink by 0.5% during the second quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock worth $302,000 after acquiring an additional 57 shares during the period. FTB Advisors Inc. lifted its holdings in Centurylink by 0.9% during the second quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock worth $268,000 after acquiring an additional 116 shares during the period. Sentry Investment Management LLC lifted its holdings in Centurylink by 0.5% during the second quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock worth $905,000 after acquiring an additional 174 shares during the period. Moors & Cabot Inc. lifted its holdings in Centurylink by 2.8% during the second quarter. Moors & Cabot Inc. now owns 19,082 shares of the technology company’s stock worth $457,000 after acquiring an additional 512 shares during the period. Finally, Evercore Wealth Management LLC raised its stake in shares of Centurylink by 4.1% in the second quarter. Evercore Wealth Management LLC now owns 13,885 shares of the technology company’s stock valued at $332,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 42.06% of the company’s stock.
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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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