Centurylink (NYSE:CTL)‘s stock had its “buy” rating reissued by equities researchers at Oppenheimer in a research note issued to investors on Tuesday, January 9th. They presently have a $20.00 target price on the technology company’s stock. Oppenheimer’s price objective would indicate a potential upside of 12.80% from the company’s previous close. Oppenheimer also issued estimates for Centurylink’s FY2018 earnings at $1.39 EPS.
CTL has been the subject of a number of other reports. Jefferies Group dropped their target price on Centurylink to $17.00 and set a “hold” rating for the company in a report on Thursday, November 9th. Goldman Sachs Group raised Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a report on Monday, January 8th. Deutsche Bank restated a “hold” rating and set a $16.00 price target on shares of Centurylink in a research report on Thursday, November 9th. Barclays upgraded Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 price target on the stock in a research report on Friday, December 15th. Finally, Zacks Investment Research upgraded Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.37.
Centurylink (CTL) traded down $0.22 on Tuesday, hitting $17.73. The stock had a trading volume of 13,650,000 shares, compared to its average volume of 11,090,000. The company has a market cap of $18,950.00, a P/E ratio of 30.57, a PEG ratio of -7.73 and a beta of 0.82. Centurylink has a 52 week low of $13.16 and a 52 week high of $27.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.
Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. Centurylink had a net margin of 1.89% and a return on equity of 7.99%. Centurylink’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. research analysts predict that Centurylink will post 1.56 EPS for the current year.
In other news, Director Virginia Boulet acquired 5,095 shares of Centurylink stock in a transaction dated Monday, December 11th. The stock was bought at an average price of $15.48 per share, for a total transaction of $78,870.60. Following the completion of the acquisition, the director now directly owns 42,820 shares in the company, valued at approximately $662,853.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William Bruce Hanks acquired 10,000 shares of Centurylink stock in a transaction dated Friday, December 8th. The shares were purchased at an average price of $14.41 per share, with a total value of $144,100.00. Following the acquisition, the insider now owns 58,722 shares of the company’s stock, valued at $846,184.02. 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 quarter. 0.61% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Centurylink by 22.6% during the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after purchasing an additional 10,583,246 shares in the last quarter. Capital World Investors acquired a new position in Centurylink during the second quarter valued at approximately $142,086,000. Standard Life Investments LTD acquired a new position in Centurylink during the second quarter valued at approximately $112,613,000. Fiduciary Management Inc. WI acquired a new position in Centurylink during the second quarter valued at approximately $86,411,000. Finally, Samlyn Capital LLC acquired a new position in Centurylink during the second quarter valued at approximately $80,290,000. Institutional investors own 42.54% of the company’s stock.
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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 Enterprise, 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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