CenturyLink (CTL) Upgraded at ValuEngine
ValuEngine upgraded shares of CenturyLink (NYSE:CTL) from a hold rating to a buy rating in a research note released on Friday morning.
A number of other analysts have also recently commented on CTL. BidaskClub cut shares of CenturyLink from a hold rating to a sell rating in a research report on Friday, August 11th. Cowen reaffirmed a neutral rating on shares of CenturyLink in a research report on Monday, August 14th. Morgan Stanley cut their price target on shares of CenturyLink from $27.00 to $26.00 and set an overweight rating on the stock in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of CenturyLink from a hold rating to a strong sell rating in a research report on Friday, August 25th. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $25.00 price target on shares of CenturyLink in a research report on Monday, September 18th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $23.07.
Shares of CenturyLink (NYSE CTL) traded down $0.29 on Friday, reaching $14.30. 15,649,000 shares of the company’s stock were exchanged, compared to its average volume of 10,643,865. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $15,286.74, a PE ratio of 7.37, a P/E/G ratio of -4.47 and a beta of 0.79. CenturyLink has a twelve month low of $13.16 and a twelve month high of $27.61.
CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. research analysts forecast that CenturyLink will post 1.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, November 24th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 15.10%. CenturyLink’s dividend payout ratio (DPR) is presently 372.42%.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of CenturyLink by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after purchasing an additional 10,583,246 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CenturyLink by 6.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 10,289,893 shares of the technology company’s stock valued at $194,498,000 after acquiring an additional 600,462 shares in the last quarter. Northern Trust Corp lifted its position in CenturyLink by 1.4% in the 2nd quarter. Northern Trust Corp now owns 6,978,167 shares of the technology company’s stock valued at $166,639,000 after acquiring an additional 95,821 shares in the last quarter. Capital World Investors bought a new position in CenturyLink in the 2nd quarter valued at about $142,086,000. Finally, Epoch Investment Partners Inc. lifted its position in CenturyLink by 11.0% in the 3rd quarter. Epoch Investment Partners Inc. now owns 5,521,373 shares of the technology company’s stock valued at $104,354,000 after acquiring an additional 546,435 shares in the last quarter. 82.32% 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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