Centurylink Inc (NYSE:CTL) has earned a consensus recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $21.86.
CTL has been the subject of several research reports. Jefferies Group dropped their target price on Centurylink to $17.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Oppenheimer dropped their target price on Centurylink from $28.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Goldman Sachs Group upgraded Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a research report on Monday, January 8th. Barclays upgraded Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 target price for the company in a research report on Friday, December 15th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $16.00 target price on shares of Centurylink in a research report on Thursday, November 9th.
In related news, Director Virginia Boulet purchased 5,095 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was bought at an average price of $15.48 per share, with a total value of $78,870.60. Following the completion of the purchase, the director now owns 42,820 shares in the company, valued at approximately $662,853.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Glen F. Post III purchased 50,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $14.17 per share, with a total value of $708,500.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 150,595 shares of company stock valued at $2,154,131. Insiders own 0.61% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Sawtooth Solutions LLC acquired a new stake in shares of Centurylink in the fourth quarter valued at about $1,036,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Centurylink by 82.0% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 73,182 shares of the technology company’s stock worth $1,221,000 after purchasing an additional 32,982 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Centurylink by 239.0% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 843,380 shares of the technology company’s stock worth $14,068,000 after purchasing an additional 594,580 shares during the period. PVG Asset Management Corp grew its stake in Centurylink by 105.8% during the fourth quarter. PVG Asset Management Corp now owns 211,797 shares of the technology company’s stock worth $3,533,000 after purchasing an additional 108,872 shares during the period. Finally, CapWealth Advisors LLC grew its stake in Centurylink by 306.4% during the fourth quarter. CapWealth Advisors LLC now owns 1,300,009 shares of the technology company’s stock worth $21,684,000 after purchasing an additional 980,112 shares during the period. 59.37% of the stock is owned by institutional investors.
Shares of Centurylink (CTL) traded down $0.34 during mid-day trading on Friday, hitting $18.59. The company had a trading volume of 6,875,351 shares, compared to its average volume of 12,522,031. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.59. Centurylink has a twelve month low of $13.16 and a twelve month high of $27.61. The company has a market cap of $19,880.00, a P/E ratio of 6.15, a P/E/G ratio of -9.18 and a beta of 0.82.
Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.14). Centurylink had a return on equity of 5.88% and a net margin of 7.87%. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. analysts anticipate that Centurylink will post 1.03 EPS for the current year.
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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 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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