CenturyLink, Inc. (NYSE:CTL) had its price objective cut by equities researchers at UBS AG from $29.00 to $22.00 in a report released on Thursday. The firm presently has a “buy” rating on the technology company’s stock. UBS AG’s price target points to a potential upside of 42.12% from the stock’s previous close.
Several other analysts have also weighed in on CTL. BidaskClub lowered shares of CenturyLink from a “hold” rating to a “sell” rating in a report on Friday, August 11th. J P Morgan Chase & Co reissued a “buy” rating and issued a $26.00 price target on shares of CenturyLink in a report on Thursday. Deutsche Bank AG reissued a “hold” rating and issued a $16.00 price target on shares of CenturyLink in a report on Thursday. SunTrust Banks, Inc. reissued a “hold” rating and issued a $25.00 price target on shares of CenturyLink in a report on Wednesday, November 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $22.00 price target on shares of CenturyLink in a report on Tuesday, October 3rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.07.
Shares of CenturyLink (NYSE CTL) opened at $15.48 on Thursday. The firm has a market cap of $8,507.95, a P/E ratio of 7.98, a PEG ratio of -4.02 and a beta of 0.88. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.90 and a current ratio of 0.82. CenturyLink has a fifty-two week low of $14.60 and a fifty-two week high of $27.61.
CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. equities research analysts forecast that CenturyLink will post 1.92 EPS for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Endurance Wealth Management Inc. grew its holdings in CenturyLink by 18.5% during the 2nd 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 period. Exane Derivatives grew its holdings in CenturyLink by 27.6% during the 2nd 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 period. Patriot Financial Group Insurance Agency LLC grew its holdings in CenturyLink by 178.6% during the 3rd 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 period. Blue Granite Capital LLC acquired a new stake in CenturyLink during the 3rd quarter worth $136,000. Finally, Tower Research Capital LLC TRC acquired a new stake in CenturyLink during the 2nd quarter worth $197,000. 82.51% of the stock is owned by hedge funds and other institutional investors.
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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