TheStreet upgraded shares of Centurylink (NYSE:CTL) from a d+ rating to a c rating in a report published on Thursday, TheStreetRatingsTable reports.
A number of other research firms have also recently commented on CTL. ValuEngine upgraded Centurylink from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Wells Fargo & Co increased their target price on Centurylink from $14.00 to $15.00 and gave the company an outperform rating in a report on Thursday. JPMorgan Chase & Co. reissued a buy rating on shares of Centurylink in a report on Friday, September 13th. Guggenheim lowered Centurylink from a neutral rating to a sell rating and set a $10.00 target price on the stock. in a report on Wednesday. Finally, Raymond James raised Centurylink from an underperform rating to a market perform rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Centurylink has an average rating of Hold and a consensus target price of $13.16.
NYSE:CTL traded down $0.09 during trading hours on Thursday, reaching $14.79. 16,441,503 shares of the stock were exchanged, compared to its average volume of 10,665,462. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.53. The business has a 50-day moving average of $12.53 and a two-hundred day moving average of $11.65. Centurylink has a twelve month low of $9.64 and a twelve month high of $21.50. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.86.
Centurylink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts forecast that Centurylink will post 1.35 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its stake in shares of Centurylink by 292.7% during the second quarter. Nuveen Asset Management LLC now owns 7,153,338 shares of the technology company’s stock worth $84,123,000 after buying an additional 5,331,862 shares during the period. Strs Ohio lifted its position in Centurylink by 3,109.2% in the third quarter. Strs Ohio now owns 1,343,982 shares of the technology company’s stock valued at $16,772,000 after purchasing an additional 1,302,103 shares during the period. Diversified Trust Co lifted its position in Centurylink by 51.4% in the second quarter. Diversified Trust Co now owns 34,606 shares of the technology company’s stock valued at $407,000 after purchasing an additional 11,748 shares during the period. Northern Trust Corp lifted its position in Centurylink by 5.9% in the second quarter. Northern Trust Corp now owns 11,332,131 shares of the technology company’s stock valued at $133,266,000 after purchasing an additional 628,041 shares during the period. Finally, BTC Capital Management Inc. lifted its position in Centurylink by 17.6% in the third quarter. BTC Capital Management Inc. now owns 239,368 shares of the technology company’s stock valued at $2,985,000 after purchasing an additional 35,820 shares during the period. Institutional investors and hedge funds own 73.51% of the company’s stock.
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.
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