Centurylink (NYSE:CTL) was downgraded by stock analysts at Citigroup from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday, February 5th, MarketBeat Ratings reports. They currently have a $14.48 price objective on the technology company’s stock. Citigroup‘s price target suggests a potential upside of 11.64% from the stock’s previous close.
CTL has been the subject of several other research reports. Zacks Investment Research lowered shares of Centurylink from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. TheStreet downgraded shares of Centurylink from a “b-” rating to a “c+” rating in a report on Friday, January 4th. Guggenheim downgraded shares of Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price target on the stock. in a report on Thursday, January 24th. ValuEngine downgraded shares of Centurylink from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. Finally, Moffett Nathanson set a $16.00 price target on shares of Centurylink and gave the stock a “sell” rating in a report on Monday, November 19th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Centurylink presently has an average rating of “Hold” and a consensus price target of $17.18.
Shares of NYSE CTL traded down $0.22 during midday trading on Tuesday, reaching $12.97. The stock had a trading volume of 15,581,042 shares, compared to its average volume of 19,510,682. The company has a market capitalization of $14.52 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of -7.02 and a beta of 0.87. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.78 and a current ratio of 0.70. Centurylink has a twelve month low of $12.74 and a twelve month high of $24.20.
Centurylink (NYSE:CTL) last released its quarterly earnings data on Wednesday, February 13th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Centurylink had a negative net margin of 7.39% and a positive return on equity of 5.68%. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.78 billion. During the same quarter in the previous year, the business posted $0.18 EPS. Centurylink’s revenue for the quarter was up 8.5% compared to the same quarter last year. Analysts forecast that Centurylink will post 1.24 earnings per share for the current year.
In other Centurylink news, EVP Scott Trezise sold 53,164 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $18.88, for a total transaction of $1,003,736.32. Following the transaction, the executive vice president now directly owns 187,867 shares in the company, valued at $3,546,928.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven T. Clontz acquired 8,207 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were bought at an average cost of $17.20 per share, with a total value of $141,160.40. Following the purchase, the director now owns 178,970 shares of the company’s stock, valued at approximately $3,078,284. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in CTL. Signet Investment Advisory Group Inc. purchased a new position in Centurylink during the fourth quarter valued at $34,000. Doyle Wealth Management bought a new stake in Centurylink in the 4th quarter worth about $35,000. Pearl River Capital LLC bought a new stake in Centurylink in the 4th quarter worth about $42,000. IMS Capital Management bought a new stake in Centurylink in the 3rd quarter worth about $68,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Centurylink by 34.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock worth $53,000 after buying an additional 904 shares in the last quarter. 74.83% of the stock is owned by hedge funds and other institutional investors.
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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