Shares of Centurylink Inc (NYSE:CTL) have earned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $17.00.
Several analysts recently commented on CTL shares. Zacks Investment Research upgraded Centurylink from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, March 13th. TheStreet cut Centurylink from a “c” rating to a “d+” rating in a research report on Wednesday, February 13th. Guggenheim upgraded Centurylink from a “sell” rating to a “neutral” rating and set a $10.00 target price on the stock in a research report on Thursday, May 23rd. They noted that the move was a valuation call. Citigroup upgraded Centurylink from a “sell” rating to a “neutral” rating in a research report on Thursday, May 9th. Finally, UBS Group cut Centurylink from a “buy” rating to a “neutral” rating and lowered their target price for the company from $24.00 to $14.00 in a research report on Thursday, February 14th.
Shares of NYSE CTL opened at $10.48 on Friday. The company has a market capitalization of $11.28 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.90 and a beta of 0.72. Centurylink has a 12-month low of $9.64 and a 12-month high of $24.20. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.71 and a current ratio of 0.71.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.54%. The ex-dividend date is Friday, May 31st. Centurylink’s dividend payout ratio (DPR) is presently 84.03%.
In other news, Director Steven T. Clontz purchased 37,000 shares of the stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $10.93 per share, for a total transaction of $404,410.00. Following the transaction, the director now owns 227,334 shares in the company, valued at $2,484,760.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Harvey P. Perry purchased 10,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $10.92 per share, for a total transaction of $109,200.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 144,000 shares of company stock worth $1,479,760. 0.50% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Centurylink by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 42,911 shares of the technology company’s stock valued at $650,000 after purchasing an additional 757 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Centurylink by 34.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock valued at $53,000 after purchasing an additional 904 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Centurylink by 0.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 140,428 shares of the technology company’s stock worth $1,684,000 after acquiring an additional 910 shares during the last quarter. Kovack Advisors Inc. grew its holdings in shares of Centurylink by 8.3% in the 4th quarter. Kovack Advisors Inc. now owns 12,049 shares of the technology company’s stock worth $183,000 after acquiring an additional 927 shares during the last quarter. Finally, Securian Asset Management Inc grew its holdings in shares of Centurylink by 1.0% in the 1st quarter. Securian Asset Management Inc now owns 97,237 shares of the technology company’s stock worth $1,166,000 after acquiring an additional 987 shares during the last quarter. Institutional investors own 74.29% of the company’s stock.
Centurylink Company Profile
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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