Centurylink (NYSE:CTL) had its price target increased by Morgan Stanley from $21.60 to $25.00 in a report issued on Wednesday. The firm currently has an overweight rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on CTL. Barclays reaffirmed a hold rating and issued a $21.00 target price on shares of Centurylink in a research report on Friday, August 10th. Zacks Investment Research raised Centurylink from a sell rating to a hold rating in a research report on Friday, August 10th. Citigroup upped their target price on Centurylink from $17.00 to $19.00 and gave the stock a neutral rating in a research report on Thursday, August 9th. ValuEngine downgraded Centurylink from a buy rating to a hold rating in a research report on Wednesday, May 2nd. Finally, Macquarie downgraded Centurylink from a neutral rating to an underperform rating and decreased their target price for the stock from $27.61 to $18.00 in a research report on Wednesday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $21.20.

NYSE:CTL traded up $0.15 on Wednesday, hitting $23.48. 10,552,390 shares of the stock were exchanged, compared to its average volume of 10,710,466. The firm has a market capitalization of $23.09 billion, a PE ratio of 15.97, a P/E/G ratio of -14.32 and a beta of 0.80. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.98 and a quick ratio of 0.98. Centurylink has a fifty-two week low of $13.16 and a fifty-two week high of $23.78.

Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, August 8th. The technology company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Centurylink had a return on equity of 4.50% and a net margin of 7.62%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s revenue was up 44.3% compared to the same quarter last year. research analysts anticipate that Centurylink will post 1 earnings per share for the current year.

In related news, Director Glen F. Post III sold 150,000 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $22.00, for a total value of $3,300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Temasek Holdings Private Ltd raised its stake in Centurylink by 16.4% during the second quarter. Temasek Holdings Private Ltd now owns 123,201,207 shares of the technology company’s stock valued at $2,296,470,000 after buying an additional 17,339,784 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in Centurylink by 5.7% during the first quarter. Fiduciary Management Inc. WI now owns 18,455,072 shares of the technology company’s stock valued at $303,217,000 after buying an additional 992,063 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Centurylink by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 12,817,283 shares of the technology company’s stock valued at $238,924,000 after buying an additional 627,080 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Centurylink by 17.2% during the first quarter. Epoch Investment Partners Inc. now owns 6,388,838 shares of the technology company’s stock valued at $104,969,000 after buying an additional 936,766 shares in the last quarter. Finally, Beck Mack & Oliver LLC raised its stake in Centurylink by 10.5% during the second quarter. Beck Mack & Oliver LLC now owns 6,227,820 shares of the technology company’s stock valued at $116,087,000 after buying an additional 593,105 shares in the last quarter. 79.14% of the stock is owned by hedge funds and other institutional investors.

About Centurylink

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

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Analyst Recommendations for Centurylink (NYSE:CTL)

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