CenturyLink, Inc. (NYSE:CTL) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
CTL has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $19.00 price objective on shares of CenturyLink in a report on Saturday, March 25th. Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $24.40 price objective for the company in a report on Monday, March 20th. Moffett Nathanson initiated coverage on CenturyLink in a report on Tuesday, February 28th. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.09.
CenturyLink (NYSE:CTL) opened at 24.44 on Tuesday. The stock has a 50 day moving average of $25.32 and a 200 day moving average of $24.69. CenturyLink has a 52 week low of $22.33 and a 52 week high of $33.45. The firm has a market cap of $13.41 billion, a PE ratio of 23.96 and a beta of 0.87.
CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.27 billion. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. Analysts anticipate that CenturyLink will post $2.11 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, June 5th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.84%. CenturyLink’s dividend payout ratio (DPR) is presently 211.77%.
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Several hedge funds have recently made changes to their positions in CTL. Sowell Financial Services LLC boosted its stake in shares of CenturyLink by 8.2% in the first quarter. Sowell Financial Services LLC now owns 74,376 shares of the technology company’s stock worth $1,856,000 after buying an additional 5,608 shares during the period. S. R. Schill & Associates boosted its stake in shares of CenturyLink by 17.7% in the first quarter. S. R. Schill & Associates now owns 19,938 shares of the technology company’s stock worth $470,000 after buying an additional 3,000 shares during the period. Achmea Investment Management B.V. bought a new stake in shares of CenturyLink during the first quarter worth approximately $3,240,000. Bank of Nova Scotia boosted its stake in shares of CenturyLink by 944.4% in the first quarter. Bank of Nova Scotia now owns 125,115 shares of the technology company’s stock worth $2,949,000 after buying an additional 113,135 shares during the period. Finally, First City Capital Management Inc. bought a new stake in shares of CenturyLink during the first quarter worth approximately $215,000. 77.45% of the stock is owned by institutional investors.
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.
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