Guggenheim began coverage on shares of Centurylink (NYSE:CTL) in a research report sent to investors on Tuesday, March 13th, MarketBeat.com reports. The firm issued a neutral rating and a $17.00 price target on the technology company’s stock.
CTL has been the subject of several other research reports. ValuEngine raised Centurylink from a buy rating to a strong-buy rating in a report on Thursday, March 1st. Goldman Sachs raised Centurylink from a sell rating to a neutral rating and set a $19.00 price objective for the company in a report on Monday, January 8th. Bank of America set a $27.00 price objective on Centurylink and gave the stock a buy rating in a report on Wednesday, February 21st. Barclays raised Centurylink from an underweight rating to an equal weight rating and set a $16.00 price objective for the company in a report on Friday, December 15th. Finally, Zacks Investment Research downgraded Centurylink from a hold rating to a sell rating in a research note on Monday, February 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $21.65.
Centurylink stock opened at $16.68 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 0.86. Centurylink has a 52 week low of $13.16 and a 52 week high of $27.61. The firm has a market capitalization of $18,326.74, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of -9.95 and a beta of 0.79.
Centurylink (NYSE:CTL) last issued 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 net margin of 7.87% and a return on equity of 5.88%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter last year, the business posted $0.54 earnings per share. equities research analysts anticipate that Centurylink will post 0.86 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $2.16 annualized dividend and a yield of 12.95%. Centurylink’s payout ratio is 122.73%.
Hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Centurylink by 15.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 92,029 shares of the technology company’s stock worth $1,535,000 after acquiring an additional 12,236 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Centurylink by 65.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 163,248 shares of the technology company’s stock valued at $2,723,000 after purchasing an additional 64,817 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Centurylink by 276.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 114,664 shares of the technology company’s stock valued at $1,913,000 after purchasing an additional 84,242 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Centurylink by 78.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,260 shares of the technology company’s stock valued at $9,078,000 after purchasing an additional 238,711 shares in the last quarter. Finally, Sawtooth Solutions LLC bought a new position in shares of Centurylink during the fourth quarter valued at $1,036,000. 86.06% of the stock is currently owned by institutional investors.
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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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