Centurylink (NYSE:CTL) released its quarterly earnings results on Wednesday. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Briefing.com reports. Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same period in the prior year, the firm posted $0.30 earnings per share. Centurylink’s revenue for the quarter was down 3.6% on a year-over-year basis.
Shares of NYSE CTL traded up $1.52 during trading hours on Thursday, hitting $14.88. 40,403,473 shares of the stock were exchanged, compared to its average volume of 13,797,423. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.53. The company has a market cap of $14.89 billion, a PE ratio of 12.50, a PEG ratio of 0.98 and a beta of 0.86. The firm has a fifty day moving average price of $12.49 and a 200-day moving average price of $11.64. Centurylink has a 12 month low of $9.64 and a 12 month high of $21.50.
A number of equities analysts recently commented on the stock. Guggenheim cut shares of Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price target for the company. in a research note on Wednesday. ValuEngine raised shares of Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James raised shares of Centurylink from an “underperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Wells Fargo & Co set a $14.00 price objective on shares of Centurylink and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Centurylink in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.59.
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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