Favorable Press Coverage Somewhat Unlikely to Affect Centurylink (CTL) Share Price

Media headlines about Centurylink (NYSE:CTL) have trended positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Centurylink earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.4858175761705 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Centurylink (NYSE CTL) traded down $0.03 during trading on Friday, reaching $17.31. The company’s stock had a trading volume of 18,144,882 shares, compared to its average volume of 15,960,000. Centurylink has a 12-month low of $13.16 and a 12-month high of $27.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $18,500.00, a PE ratio of 29.84, a price-to-earnings-growth ratio of -7.74 and a beta of 0.79.

Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). Centurylink had a return on equity of 7.99% and a net margin of 1.89%. The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. sell-side analysts expect that Centurylink will post 1.56 earnings per share for the current year.

Several equities analysts recently weighed in on CTL shares. Jefferies Group reissued a “hold” rating and set a $22.00 price objective on shares of Centurylink in a research report on Tuesday, October 3rd. Barclays cut their price objective on Centurylink from $23.00 to $19.00 and set an “underweight” rating for the company in a research report on Wednesday, October 4th. Deutsche Bank cut their price objective on Centurylink from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. Zacks Investment Research raised Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Centurylink has a consensus rating of “Hold” and an average price target of $22.37.

In related news, Vice Chairman William Bruce Hanks bought 10,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $14.41 per share, with a total value of $144,100.00. Following the acquisition, the insider now owns 58,722 shares in the company, valued at approximately $846,184.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glen F. Post III bought 50,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $14.17 per share, with a total value of $708,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 150,595 shares of company stock valued at $2,154,131. 0.61% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Centurylink (NYSE:CTL)

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