CenturyLink, Inc. (CTL) Rating Reiterated by SunTrust Banks, Inc.
CenturyLink, Inc. (NYSE:CTL)‘s stock had its “hold” rating reaffirmed by equities research analysts at SunTrust Banks, Inc. in a research note issued on Wednesday. They currently have a $25.00 price target on the technology company’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 47.93% from the company’s current price.
A number of other research analysts have also commented on CTL. Cowen and Company upped their target price on CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Wednesday, July 5th. BidaskClub lowered CenturyLink from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Morgan Stanley cut their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.79.
CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business 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%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share.
Large investors have recently added to or reduced their stakes in the business. Endurance Wealth Management Inc. lifted its stake in CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after buying an additional 725 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of CenturyLink by 178.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after purchasing an additional 4,285 shares during the period. Blue Granite Capital LLC acquired a new stake in shares of CenturyLink during the third quarter worth about $136,000. Exane Derivatives raised its position in shares of CenturyLink by 27.6% during the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,436 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of CenturyLink during the second quarter worth about $197,000. 82.73% of the stock is currently owned by hedge funds and other 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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