J P Morgan Chase & Co restated their buy rating on shares of CenturyLink, Inc. (NYSE:CTL) in a report issued on Thursday morning. They currently have a $26.00 price objective on the technology company’s stock.

Several other equities analysts have also issued reports on CTL. BidaskClub lowered shares of CenturyLink from a hold rating to a sell rating in a report on Friday, August 11th. Deutsche Bank AG reaffirmed a hold rating and issued a $16.00 price target on shares of CenturyLink in a report on Thursday. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $25.00 price target on shares of CenturyLink in a report on Wednesday, November 1st. Jefferies Group LLC reaffirmed a hold rating and issued a $22.00 price target on shares of CenturyLink in a report on Tuesday, October 3rd. Finally, ValuEngine raised shares of CenturyLink from a hold rating to a buy rating in a report on Friday, August 18th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $23.07.

CenturyLink (NYSE CTL) remained flat at $$15.48 during midday trading on Thursday. The company’s stock had a trading volume of 19,297,426 shares, compared to its average volume of 10,296,193. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.90 and a quick ratio of 0.90. CenturyLink has a 52-week low of $14.60 and a 52-week high of $27.61. The firm has a market capitalization of $16,390.00, a PE ratio of 8.38, a price-to-earnings-growth ratio of -4.15 and a beta of 0.88.

CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). CenturyLink had a return on equity of 7.95% and a net margin of 1.89%. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. CenturyLink’s revenue for the quarter was down 7.9% compared to the same quarter last year. equities research analysts anticipate that CenturyLink will post 1.96 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eaton Vance Management lifted its position in CenturyLink by 0.5% during the second quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock valued at $302,000 after purchasing an additional 57 shares during the period. Wellington Shields & Co. LLC lifted its position in CenturyLink by 1.1% during the second quarter. Wellington Shields & Co. LLC now owns 9,202 shares of the technology company’s stock valued at $220,000 after purchasing an additional 99 shares during the period. FTB Advisors Inc. lifted its position in CenturyLink by 0.9% during the second quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock valued at $268,000 after purchasing an additional 116 shares during the period. First Manhattan Co. lifted its position in CenturyLink by 0.3% during the second quarter. First Manhattan Co. now owns 37,199 shares of the technology company’s stock valued at $888,000 after purchasing an additional 126 shares during the period. Finally, Sentry Investment Management LLC lifted its position in CenturyLink by 0.5% during the second quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock valued at $905,000 after purchasing an additional 174 shares during the period. Institutional investors own 82.51% of the company’s stock.

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.

Analyst Recommendations for CenturyLink (NYSE:CTL)

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