FY2017 EPS Estimates for CenturyLink, Inc. (CTL) Lowered by Analyst
CenturyLink, Inc. (NYSE:CTL) – Stock analysts at Jefferies Group lowered their FY2017 earnings estimates for shares of CenturyLink in a report issued on Thursday. Jefferies Group analyst S. Goldman now anticipates that the technology company will post earnings of $1.47 per share for the year, down from their previous forecast of $1.95. Jefferies Group currently has a “Hold” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for CenturyLink’s Q4 2017 earnings at $0.21 EPS, FY2018 earnings at $0.79 EPS and FY2019 earnings at $0.86 EPS.
Several other research firms also recently weighed in on CTL. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. SunTrust Banks, Inc. restated a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research report on Wednesday, November 1st. Barclays PLC decreased their target price on CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Finally, Morgan Stanley decreased their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.07.
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CenturyLink (NYSE CTL) opened at $15.33 on Monday. The firm has a market capitalization of $8,507.95, a P/E ratio of 7.98, a PEG ratio of -4.14 and a beta of 0.88. CenturyLink has a 1 year low of $14.60 and a 1 year high of $27.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.56 EPS.
Hedge funds have recently bought and sold shares of the business. Endurance Wealth Management Inc. increased its stake in CenturyLink by 18.5% during the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after acquiring an additional 725 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in 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 acquiring an additional 4,285 shares during the last quarter. Blue Granite Capital LLC acquired a new stake in CenturyLink during the third quarter worth $136,000. Exane Derivatives increased its stake in 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 acquiring an additional 1,436 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in CenturyLink during the second quarter worth $197,000. 81.74% of the stock is owned by institutional investors.
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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