CenturyLink, Inc. (CTL) PT Lowered to $19.00
CenturyLink, Inc. (NYSE:CTL) had its price target dropped by equities research analysts at Barclays PLC from $23.00 to $19.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Barclays PLC’s price target points to a potential downside of 5.43% from the company’s current price.
Several other equities analysts have also issued reports on the company. Jefferies Group LLC restated a “hold” rating and set a $22.00 target price on shares of CenturyLink in a research report on Tuesday. Royal Bank Of Canada restated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research report on Monday, September 18th. ValuEngine lowered CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, Morgan Stanley decreased their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.55.
CenturyLink (CTL) opened at 20.09 on Wednesday. The firm has a 50 day moving average of $19.39 and a 200 day moving average of $23.02. The firm has a market capitalization of $11.04 billion, a PE ratio of 29.12 and a beta of 0.89. CenturyLink has a one year low of $18.17 and a one year high of $33.45.
CenturyLink (NYSE:CTL) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (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 return on equity of 8.43% and a net margin of 2.20%. CenturyLink’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Equities analysts forecast that CenturyLink will post $1.94 EPS for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Frontier Investment Mgmt Co. grew its holdings in shares of CenturyLink by 9.1% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 152,277 shares of the technology company’s stock worth $3,636,000 after purchasing an additional 12,744 shares in the last quarter. W. E. Donoghue & Co. LLC acquired a new stake in shares of CenturyLink during the 2nd quarter worth $14,884,000. Intl Fcstone Inc. acquired a new stake in shares of CenturyLink during the 2nd quarter worth $404,000. Lord Abbett & CO. LLC grew its holdings in shares of CenturyLink by 26.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 206,400 shares of the technology company’s stock worth $4,929,000 after purchasing an additional 43,100 shares in the last quarter. Finally, Sentry Investment Management LLC grew its holdings in shares of CenturyLink by 0.5% during the 2nd quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock worth $905,000 after purchasing an additional 174 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.
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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