Headlines about CenturyLink (NYSE:CTL) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CenturyLink earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.9587594024821 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Shares Trading Near the 52-Week Low CenturyLink, Inc. (NYSE:CTL) – Sparta Review (spartareview.com)
- SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against CenturyLink, Inc. (CTL) and Lead Plaintiff Deadline: August 21, 2017 (finance.yahoo.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders It Has Filed a Class Action to Recover Losses Suffered by Investors in CenturyLink, Inc. and Lead Plaintiff Deadline is Set for August 21, 2017 — CTL (finance.yahoo.com)
- Important Deadline Reminder for CenturyLink, Inc. Shareholders (finance.yahoo.com)
- SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against CenturyLink, Inc. and Encourages Investors with Losses Exceeding $100,000 to Contact the Firm (finance.yahoo.com)
CenturyLink (CTL) traded down 0.64% during midday trading on Thursday, hitting $21.68. 13,464,072 shares of the stock traded hands. The company has a 50-day moving average of $23.25 and a 200-day moving average of $24.35. The stock has a market cap of $11.92 billion, a PE ratio of 31.42 and a beta of 0.87. CenturyLink has a 1-year low of $21.61 and a 1-year high of $33.45. CenturyLink also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 20,516 call options on the stock. This represents an increase of 363% compared to the average daily volume of 4,432 call options.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. CenturyLink’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 earnings per share. On average, equities analysts expect that CenturyLink will post $1.95 EPS for the current fiscal year.
A number of equities analysts have recently commented on CTL shares. Bank of America Corporation reissued a “buy” rating on shares of CenturyLink in a research note on Tuesday, May 9th. Vetr raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 target price on the stock in a research note on Monday, May 1st. Zacks Investment Research raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, April 26th. Barclays PLC cut their target price on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Thursday, June 29th. Finally, Jefferies Group LLC cut their target price on shares of CenturyLink from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. CenturyLink presently has an average rating of “Hold” and a consensus target price of $26.22.
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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 business, 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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