Centurylink Inc (NYSE:CTL) Receives Average Rating of “Hold” from Analysts

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Shares of Centurylink Inc (NYSE:CTL) have been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $13.17.

A number of equities research analysts have recently commented on CTL shares. Raymond James raised shares of Centurylink from an “underperform” rating to a “market perform” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Centurylink in a research note on Friday, September 13th. Wells Fargo & Co set a $14.00 target price on Centurylink and gave the company a “buy” rating in a report on Monday, August 12th. ValuEngine upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Guggenheim downgraded shares of Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price objective on the stock. in a report on Wednesday, November 6th.

Shares of CTL traded up $0.07 during mid-day trading on Friday, reaching $14.26. 6,632,550 shares of the company’s stock were exchanged, compared to its average volume of 13,340,723. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $15.80 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. The business’s fifty day simple moving average is $13.81 and its 200-day simple moving average is $12.06. Centurylink has a 52-week low of $9.64 and a 52-week high of $19.00.

Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.53 billion. Centurylink had a negative net margin of 34.96% and a positive return on equity of 9.56%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. Equities research analysts predict that Centurylink will post 1.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 7.01%. Centurylink’s payout ratio is currently 84.03%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Centurylink by 114.1% in the first quarter. FMR LLC now owns 2,433,165 shares of the technology company’s stock worth $29,174,000 after acquiring an additional 1,296,573 shares during the last quarter. First Hawaiian Bank increased its position in Centurylink by 163.3% during the second quarter. First Hawaiian Bank now owns 36,799 shares of the technology company’s stock worth $432,000 after purchasing an additional 22,825 shares during the last quarter. NEXT Financial Group Inc raised its stake in Centurylink by 279.8% during the second quarter. NEXT Financial Group Inc now owns 3,699 shares of the technology company’s stock worth $44,000 after purchasing an additional 2,725 shares during the period. FDx Advisors Inc. purchased a new position in Centurylink during the second quarter worth approximately $157,000. Finally, Alpha Cubed Investments LLC raised its stake in Centurylink by 8.5% during the second quarter. Alpha Cubed Investments LLC now owns 17,370 shares of the technology company’s stock worth $204,000 after purchasing an additional 1,366 shares during the period. Hedge funds and other institutional investors own 74.76% of the company’s stock.

About Centurylink

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Analyst Recommendations for Centurylink (NYSE:CTL)

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