CenturyLink, Inc. (NYSE:CTL)‘s stock had its “hold” rating reissued by stock analysts at Royal Bank Of Canada in a report issued on Monday. They currently have a $25.00 price objective on the technology company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 31.72% from the company’s current price.
A number of other brokerages have also commented on CTL. ValuEngine lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Barclays PLC dropped their price objective on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Thursday, June 29th. UBS AG set a $29.00 price objective on shares of CenturyLink and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, Cowen and Company raised their price objective on shares of CenturyLink from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Wednesday, July 5th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.15.
CenturyLink (NYSE:CTL) opened at 18.98 on Monday. The company has a market cap of $10.43 billion, a PE ratio of 27.51 and a beta of 0.89. CenturyLink has a 12-month low of $18.19 and a 12-month high of $33.45. The firm has a 50 day moving average price of $20.59 and a 200 day moving average price of $23.41.
CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, analysts anticipate that CenturyLink will post $1.94 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of CTL. Vanguard Group Inc. raised its position in shares of CenturyLink by 22.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after buying an additional 10,583,246 shares in the last quarter. Capital World Investors acquired a new position in shares of CenturyLink in the 2nd quarter valued at approximately $142,086,000. Standard Life Investments LTD acquired a new position in shares of CenturyLink in the 2nd quarter valued at approximately $112,613,000. Fiduciary Management Inc. WI acquired a new position in shares of CenturyLink in the 2nd quarter valued at approximately $86,411,000. Finally, Thornburg Investment Management Inc. raised its position in shares of CenturyLink by 107.8% in the 1st quarter. Thornburg Investment Management Inc. now owns 6,521,497 shares of the technology company’s stock valued at $153,712,000 after buying an additional 3,383,155 shares in the last quarter. Institutional investors own 83.04% 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.
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