Shares of CenturyLink Inc. (NYSE:CTL) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the firm. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $28.85.
Several brokerages have weighed in on CTL. Morgan Stanley lowered shares of CenturyLink from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $31.00 to $27.00 in a research note on Monday, July 18th. Vetr raised shares of CenturyLink from a “sell” rating to a “hold” rating and set a $29.67 target price for the company in a research note on Tuesday, July 12th. Zacks Investment Research lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Macquarie began coverage on shares of CenturyLink in a research note on Monday, July 11th. They set a “neutral” rating and a $31.00 target price for the company. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $31.00 target price (up previously from $29.00) on shares of CenturyLink in a research note on Wednesday, August 10th.
CenturyLink (NYSE:CTL) opened at 27.34 on Wednesday. CenturyLink has a 12 month low of $21.94 and a 12 month high of $32.94. The stock has a market cap of $14.93 billion, a P/E ratio of 15.31 and a beta of 0.80. The stock has a 50 day moving average of $27.60 and a 200-day moving average of $29.09.
CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. CenturyLink had a net margin of 5.47% and a return on equity of 11.02%. The firm earned $440 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. CenturyLink’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts forecast that CenturyLink will post $2.53 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of CTL. Acrospire Investment Management LLC purchased a new stake in shares of CenturyLink during the first quarter valued at $109,000. Bessemer Group Inc. raised its position in shares of CenturyLink by 44.5% in the first quarter. Bessemer Group Inc. now owns 3,450 shares of the company’s stock valued at $110,000 after buying an additional 1,062 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of CenturyLink by 14.7% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,892 shares of the company’s stock valued at $113,000 after buying an additional 500 shares in the last quarter. Washington Trust Bank raised its position in shares of CenturyLink by 13.8% in the second quarter. Washington Trust Bank now owns 4,597 shares of the company’s stock valued at $133,000 after buying an additional 558 shares in the last quarter. Finally, Bellwether Investment Group LLC bought a new position in shares of CenturyLink during the second quarter valued at approximately $134,000. 73.31% of the stock is currently owned by hedge funds and other institutional investors.
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.
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