CenturyLink (NYSE:CTL) – Stock analysts at Jefferies Group cut their Q1 2018 EPS estimates for CenturyLink in a research note issued to investors on Friday, April 13th. Jefferies Group analyst S. Goldman now forecasts that the technology company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.11. Jefferies Group also issued estimates for CenturyLink’s Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.51 EPS.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.69 billion. CenturyLink had a net margin of 7.87% and a return on equity of 5.88%. During the same quarter in the prior year, the business posted $0.54 EPS.
Other analysts have also issued research reports about the stock. ValuEngine lowered shares of CenturyLink from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Oppenheimer restated a “buy” rating and set a $20.00 price target on shares of CenturyLink in a research report on Tuesday, January 9th. Bank of America set a $27.00 price target on shares of CenturyLink and gave the company a “buy” rating in a research report on Wednesday, February 21st. Barclays restated a “hold” rating and set a $17.00 price target on shares of CenturyLink in a research report on Friday, February 16th. Finally, Cowen set a $19.00 price target on shares of CenturyLink and gave the company a “hold” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. CenturyLink currently has a consensus rating of “Hold” and a consensus price target of $21.65.
CTL stock opened at $17.62 on Monday. The firm has a market cap of $18,241.15, a P/E ratio of 11.99, a PEG ratio of -10.05 and a beta of 0.79. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59. CenturyLink has a one year low of $13.16 and a one year high of $27.61.
In related news, major shareholder Holdings (Private) Ltd Temasek bought 7,620,118 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were acquired at an average price of $16.72 per share, for a total transaction of $127,408,372.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of CTL. Standard Life Aberdeen plc lifted its stake in shares of CenturyLink by 1,216.8% in the fourth quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock worth $111,491,000 after buying an additional 6,174,561 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of CenturyLink by 82.4% in the fourth quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock worth $172,650,000 after buying an additional 4,685,323 shares in the last quarter. ACR Alpine Capital Research LLC purchased a new position in shares of CenturyLink in the fourth quarter worth about $70,510,000. Beck Mack & Oliver LLC lifted its stake in shares of CenturyLink by 352.4% in the fourth quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock worth $71,152,000 after buying an additional 3,322,807 shares in the last quarter. Finally, West Family Investments Inc. purchased a new position in shares of CenturyLink in the fourth quarter worth about $42,435,000. 86.10% of the stock is currently owned by hedge funds and other institutional investors.
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CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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