Centurylink Inc (NYSE:CTL) has received a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.39.
Several brokerages recently issued reports on CTL. Guggenheim began coverage on Centurylink in a research note on Tuesday, March 13th. They set a “neutral” rating and a $17.00 target price on the stock. Oppenheimer reissued a “buy” rating and set a $20.00 target price on shares of Centurylink in a research note on Tuesday, January 9th. Bank of America set a $27.00 target price on Centurylink and gave the company a “buy” rating in a research note on Wednesday, February 21st. Zacks Investment Research raised Centurylink from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, ValuEngine raised Centurylink from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Shares of Centurylink (CTL) traded down $0.45 on Wednesday, reaching $16.68. The company had a trading volume of 12,119,519 shares, compared to its average volume of 12,635,485. The company has a market cap of $18,326.74, a P/E ratio of 9.48, a PEG ratio of -9.95 and a beta of 0.79. 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 0.86.
Centurylink (NYSE:CTL) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.69 billion. Centurylink had a net margin of 7.87% and a return on equity of 5.88%. During the same period last year, the business posted $0.54 EPS. equities research analysts predict that Centurylink will post 0.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 12.95%. The ex-dividend date of this dividend was Friday, March 2nd. Centurylink’s payout ratio is 122.73%.
Institutional investors have recently made changes to their positions in the company. Exxonmobil Investment Management Inc. TX boosted its holdings in shares of Centurylink by 54.1% in the 4th quarter. Exxonmobil Investment Management Inc. TX now owns 154,678 shares of the technology company’s stock worth $2,580,000 after purchasing an additional 54,312 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Centurylink in the 4th quarter worth approximately $801,000. Nisa Investment Advisors LLC boosted its holdings in shares of Centurylink by 70.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 214,524 shares of the technology company’s stock worth $3,578,000 after purchasing an additional 88,381 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of Centurylink by 62.7% in the 4th quarter. OppenheimerFunds Inc. now owns 4,027,729 shares of the technology company’s stock worth $67,183,000 after purchasing an additional 1,551,931 shares during the period. Finally, Cornerstone Investment Partners LLC boosted its holdings in shares of Centurylink by 119.7% in the 4th quarter. Cornerstone Investment Partners LLC now owns 163,096 shares of the technology company’s stock worth $2,720,000 after purchasing an additional 88,868 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.
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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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