Centurylink Inc (NYSE:CTL) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share estimates for Centurylink in a research note issued on Thursday. Jefferies Group analyst S. Goldman forecasts that the technology company will post earnings per share of $0.26 for the quarter. Jefferies Group currently has a “Hold” rating and a $17.00 price target on the stock. Jefferies Group also issued estimates for Centurylink’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.31 EPS.
Several other brokerages have also recently issued reports on CTL. Cowen set a $19.00 price target on Centurylink and gave the company a “hold” rating in a research report on Thursday. SunTrust Banks restated a “hold” rating and issued a $25.00 price target on shares of Centurylink in a research report on Wednesday, November 1st. Barclays restated a “hold” rating and issued a $17.00 price target on shares of Centurylink in a research report on Friday. ValuEngine cut Centurylink from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada upgraded Centurylink from a “sector perform” rating to an “outperform” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.08.
Centurylink (NYSE CTL) opened at $18.93 on Friday. The stock has a market capitalization of $20,240.00, a PE ratio of 6.31, a P/E/G ratio of -8.34 and a beta of 0.82. Centurylink has a 52-week low of $13.16 and a 52-week high of $27.61. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.86 and a quick ratio of 0.82.
Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.69 billion. Centurylink had a net margin of 7.87% and a return on equity of 5.88%. During the same quarter last year, the firm earned $0.54 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its stake in shares of Centurylink by 39.1% during the 2nd quarter. Janus Henderson Group PLC now owns 104,645 shares of the technology company’s stock worth $2,499,000 after acquiring an additional 29,403 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Centurylink by 1.3% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 94,774 shares of the technology company’s stock worth $2,262,000 after acquiring an additional 1,218 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Centurylink by 12.8% during the 2nd quarter. Advisory Services Network LLC now owns 22,408 shares of the technology company’s stock worth $535,000 after acquiring an additional 2,538 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Centurylink during the 2nd quarter worth approximately $293,000. Finally, Toronto Dominion Bank boosted its stake in shares of Centurylink by 19.6% during the 2nd quarter. Toronto Dominion Bank now owns 228,959 shares of the technology company’s stock worth $5,468,000 after acquiring an additional 37,589 shares in the last quarter. 43.43% of the stock is currently owned by institutional investors.
In other Centurylink news, Director Virginia Boulet acquired 5,095 shares of the stock in a transaction on Monday, December 11th. The shares were bought at an average price of $15.48 per share, with a total value of $78,870.60. Following the acquisition, the director now owns 42,820 shares of the company’s stock, valued at $662,853.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William Bruce Hanks acquired 10,000 shares of the stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $14.41 per share, for a total transaction of $144,100.00. Following the acquisition, the insider now directly owns 58,722 shares in the company, valued at approximately $846,184.02. The disclosure for this purchase can be found here. Insiders acquired a total of 150,595 shares of company stock worth $2,154,131 in the last ninety days. 0.61% of the stock is owned by corporate 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 Enterprise, 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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