Centurylink (CTL) Hits New 12-Month Low at $11.51

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Centurylink Inc (NYSE:CTL) reached a new 52-week low during trading on Wednesday . The company traded as low as $11.51 and last traded at $11.58, with a volume of 516099 shares trading hands. The stock had previously closed at $11.87.

CTL has been the subject of a number of analyst reports. Citigroup lowered Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 price target for the company. in a research report on Tuesday, February 5th. Guggenheim lowered Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price target for the company. in a research report on Thursday, January 24th. TheStreet lowered Centurylink from a “b-” rating to a “c+” rating in a research report on Friday, January 4th. Bank of America lowered Centurylink from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Tuesday, February 26th. Finally, Moffett Nathanson raised Centurylink from a “sell” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $12.00 in a research report on Tuesday, February 19th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.75.

The stock has a market cap of $12.97 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.77. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.79.

Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, February 13th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Centurylink had a positive return on equity of 5.68% and a negative net margin of 7.39%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.78 billion. During the same period last year, the firm posted $0.18 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts predict that Centurylink Inc will post 1.24 EPS for the current year.

In other Centurylink news, CFO Indraneel Dev bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $11.75 per share, with a total value of $587,500.00. Following the transaction, the chief financial officer now directly owns 459,153 shares in the company, valued at approximately $5,395,047.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey K. Storey bought 83,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $11.94 per share, with a total value of $991,020.00. Following the completion of the transaction, the chief executive officer now owns 3,476,359 shares in the company, valued at $41,507,726.46. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 143,000 shares of company stock valued at $1,698,720. Insiders own 0.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Centurylink by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,939,352 shares of the technology company’s stock worth $443,913,000 after purchasing an additional 101,260 shares during the period. Dimensional Fund Advisors LP boosted its stake in Centurylink by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,763,545 shares of the technology company’s stock worth $223,688,000 after purchasing an additional 1,587,647 shares during the period. Geode Capital Management LLC boosted its stake in Centurylink by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 13,305,449 shares of the technology company’s stock worth $201,523,000 after purchasing an additional 1,119,125 shares during the period. Northern Trust Corp boosted its stake in Centurylink by 3.0% in the 4th quarter. Northern Trust Corp now owns 10,864,473 shares of the technology company’s stock worth $164,598,000 after purchasing an additional 313,255 shares during the period. Finally, Norges Bank bought a new position in Centurylink in the 4th quarter worth about $120,981,000. Institutional investors own 76.05% of the company’s stock.

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About Centurylink (NYSE:CTL)

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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