Wells Fargo & Co set a $14.00 price target on Centurylink (NYSE:CTL) in a research report report published on Monday, TipRanks reports. The brokerage currently has a buy rating on the technology company’s stock.
Other equities analysts also recently issued reports about the company. Raymond James raised Centurylink from an underperform rating to a market perform rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded Centurylink from a neutral rating to an underweight rating and set a $10.00 price objective for the company. in a research report on Thursday, August 8th. Guggenheim set a $10.00 price objective on Centurylink and gave the stock a hold rating in a research report on Wednesday, August 7th. Citigroup raised Centurylink from a sell rating to a neutral rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research downgraded Centurylink from a buy rating to a hold rating in a research report on Tuesday, April 16th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $14.96.
Shares of Centurylink stock opened at $10.56 on Monday. Centurylink has a one year low of $9.64 and a one year high of $24.20. The company has a market cap of $12.17 billion, a PE ratio of 8.87, a P/E/G ratio of 0.96 and a beta of 0.85. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.71 and a current ratio of 0.60. The business has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $11.90.
Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts predict that Centurylink will post 1.33 earnings per share for the current fiscal year.
In other Centurylink news, insider William Bruce Hanks bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $10.63 per share, for a total transaction of $106,300.00. Following the completion of the purchase, the insider now directly owns 92,172 shares in the company, valued at $979,788.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey K. Storey bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $9.83 per share, with a total value of $491,500.00. Following the purchase, the chief executive officer now owns 3,240,001 shares of the company’s stock, valued at $31,849,209.83. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 95,000 shares of company stock valued at $941,550. 0.50% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of CTL. Dimensional Fund Advisors LP increased its position in shares of Centurylink by 12.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,763,545 shares of the technology company’s stock worth $223,688,000 after acquiring an additional 1,587,647 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Centurylink by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 13,305,449 shares of the technology company’s stock worth $201,523,000 after acquiring an additional 1,119,125 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Centurylink by 13.4% during the first quarter. State of Alaska Department of Revenue now owns 203,912 shares of the technology company’s stock worth $2,444,000 after acquiring an additional 24,112 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Centurylink during the first quarter worth about $325,000. Finally, First Manhattan Co. increased its position in shares of Centurylink by 18.8% during the first quarter. First Manhattan Co. now owns 81,359 shares of the technology company’s stock worth $975,000 after acquiring an additional 12,900 shares in the last quarter. Hedge funds and other institutional investors own 75.51% of the company’s stock.
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.
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