CenturyLink, Inc. (CTL) Bonds Rise 1.4% During Trading

An issue of CenturyLink, Inc. (NYSE:CTL) debt rose 1.4% against its face value during trading on Monday. The debt issue has a 5.8% coupon and will mature on March 15, 2022. The debt is now trading at $102.44 and was trading at $100.00 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several research firms have recently weighed in on CTL. UBS AG set a $29.00 price target on CenturyLink and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Deutsche Bank AG cut their price objective on CenturyLink from $23.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a report on Monday, September 18th. Finally, Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a report on Friday, August 25th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. CenturyLink currently has an average rating of “Hold” and an average price target of $25.15.

Shares of CenturyLink, Inc. (NYSE:CTL) opened at 20.32 on Wednesday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 29.45 and a beta of 0.89. The company has a 50 day moving average price of $19.44 and a 200 day moving average price of $22.93. CenturyLink, Inc. has a one year low of $18.17 and a one year high of $33.45.

CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. Equities analysts predict that CenturyLink, Inc. will post $1.94 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 dividend on an annualized basis and a yield of 10.63%. CenturyLink’s dividend payout ratio (DPR) is 313.04%.

A number of hedge funds have recently modified their holdings of the stock. Frontier Investment Mgmt Co. raised its stake in CenturyLink by 9.1% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 152,277 shares of the technology company’s stock worth $3,636,000 after acquiring an additional 12,744 shares during the last quarter. W. E. Donoghue & Co. LLC purchased a new position in shares of CenturyLink during the 2nd quarter valued at about $14,884,000. Intl Fcstone Inc. purchased a new position in shares of CenturyLink during the 2nd quarter valued at about $404,000. Lord Abbett & CO. LLC raised its stake in shares of CenturyLink by 26.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 206,400 shares of the technology company’s stock valued at $4,929,000 after buying an additional 43,100 shares during the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of CenturyLink by 0.5% during the 2nd quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock valued at $905,000 after buyin

Several research firms have recently weighed in on CTL. UBS AG set a $29.00 price target on CenturyLink and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Deutsche Bank AG cut their price objective on CenturyLink from $23.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a report on Monday, September 18th. Finally, Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a report on Friday, August 25th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. CenturyLink currently has an average rating of “Hold” and an average price target of $25.15.

Shares of CenturyLink, Inc. (NYSE:CTL) opened at 20.32 on Wednesday. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 29.45 and a beta of 0.89. The company has a 50 day moving average price of $19.44 and a 200 day moving average price of $22.93. CenturyLink, Inc. has a one year low of $18.17 and a one year high of $33.45.

CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS. Equities analysts predict that CenturyLink, Inc. will post $1.94 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 dividend on an annualized basis and a yield of 10.63%. CenturyLink’s dividend payout ratio (DPR) is 313.04%.

A number of hedge funds have recently modified their holdings of the stock. Frontier Investment Mgmt Co. raised its stake in CenturyLink by 9.1% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 152,277 shares of the technology company’s stock worth $3,636,000 after acquiring an additional 12,744 shares during the last quarter. W. E. Donoghue & Co. LLC purchased a new position in shares of CenturyLink during the 2nd quarter valued at about $14,884,000. Intl Fcstone Inc. purchased a new position in shares of CenturyLink during the 2nd quarter valued at about $404,000. Lord Abbett & CO. LLC raised its stake in shares of CenturyLink by 26.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 206,400 shares of the technology company’s stock valued at $4,929,000 after buying an additional 43,100 shares during the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of CenturyLink by 0.5% during the 2nd quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock valued at $905,000 after buying an additional 174 shares during the last quarter. Institutional investors own 83.04% 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.

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