CenturyLink (CTL) Stock Rating Upgraded by Barclays

CenturyLink (NYSE:CTL) was upgraded by analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report released on Friday. The firm currently has a $16.00 target price on the technology company’s stock. Barclays’ price objective points to a potential downside of 5.83% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Bank of America reduced their price objective on shares of CenturyLink from $42.00 to $27.00 and set a “buy” rating for the company in a report on Friday, November 10th. Deutsche Bank reiterated a “hold” rating and set a $16.00 price objective on shares of CenturyLink in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. SunTrust Banks reiterated a “hold” rating and set a $25.00 price objective on shares of CenturyLink in a report on Wednesday, November 1st. Finally, ValuEngine cut shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. CenturyLink presently has an average rating of “Hold” and a consensus target price of $22.87.

CenturyLink (NYSE CTL) opened at $16.99 on Friday. The stock has a market cap of $18,162.36, a PE ratio of 8.76, a PEG ratio of -5.45 and a beta of 0.79. CenturyLink has a twelve month low of $13.16 and a twelve month high of $27.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92.

CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 earnings per share. sell-side analysts anticipate that CenturyLink will post 1.56 EPS for the current fiscal year.

In other news, Director Virginia Boulet purchased 5,095 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $15.48 per share, for a total transaction of $78,870.60. Following the completion of the acquisition, the director now owns 42,820 shares in the company, valued at $662,853.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Glen F. Post III bought 50,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was bought at an average price of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 150,595 shares of company stock worth $2,154,131. 0.61% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTL. Vanguard Group Inc. boosted its stake in CenturyLink by 22.6% in the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after acquiring an additional 10,583,246 shares during the last quarter. Capital World Investors purchased a new position in CenturyLink in the second quarter valued at about $142,086,000. Standard Life Investments LTD purchased a new position in CenturyLink in the second quarter valued at about $112,613,000. Fiduciary Management Inc. WI purchased a new position in CenturyLink in the second quarter valued at about $86,411,000. Finally, Samlyn Capital LLC purchased a new position in CenturyLink in the second quarter valued at about $80,290,000. Hedge funds and other institutional investors own 82.32% of the company’s stock.

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About CenturyLink

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.

Analyst Recommendations for CenturyLink (NYSE:CTL)

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