Centurylink (NYSE:CTL) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.
Several other equities research analysts also recently commented on the company. Wells Fargo & Co raised their target price on Centurylink from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday. ValuEngine upgraded Centurylink from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Guggenheim downgraded Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price objective on the stock. in a report on Wednesday. Raymond James upgraded Centurylink from an “underperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Centurylink in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Centurylink presently has an average rating of “Hold” and a consensus price target of $13.16.
Shares of NYSE:CTL traded down $0.09 during mid-day trading on Thursday, hitting $14.79. 16,441,503 shares of the company traded hands, compared to its average volume of 10,665,462. The firm has a market cap of $14.91 billion, a P/E ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.86. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.60 and a current ratio of 0.60. Centurylink has a 52-week low of $9.64 and a 52-week high of $21.50. The firm’s 50 day simple moving average is $12.53 and its 200 day simple moving average is $11.65.
Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.53 billion. Centurylink had a negative net margin of 34.77% and a positive return on equity of 8.30%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. Equities research analysts expect that Centurylink will post 1.35 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of CTL. Coastal Investment Advisors Inc. boosted its position in Centurylink by 563.7% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,197 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,866 shares during the period. Cornerstone Advisors Inc. boosted its position in Centurylink by 68.7% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,058 shares of the technology company’s stock valued at $26,000 after purchasing an additional 838 shares during the period. Farmers & Merchants Investments Inc. boosted its position in Centurylink by 54.9% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. AGF Investments LLC acquired a new position in Centurylink during the 2nd quarter valued at approximately $38,000. Finally, NEXT Financial Group Inc boosted its position in Centurylink by 279.8% during the 2nd quarter. NEXT Financial Group Inc now owns 3,699 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,725 shares during the period. Institutional investors and hedge funds own 73.51% of the company’s stock.
Centurylink Company Profile
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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