Centurylink (NYSE:CTL) Rating Increased to C at TheStreet

Centurylink (NYSE:CTL) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c” rating in a note issued to investors on Thursday, TheStreetRatingsTable reports.

CTL has been the subject of several other research reports. Raymond James upgraded Centurylink from an “underperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Wells Fargo & Co raised their price target on Centurylink from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. restated a “buy” rating on shares of Centurylink in a research report on Friday, September 13th. Guggenheim cut Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price target for the company. in a research report on Wednesday. Finally, ValuEngine upgraded Centurylink from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Centurylink currently has a consensus rating of “Hold” and an average target price of $13.16.

NYSE:CTL traded down $0.09 during trading hours on Thursday, hitting $14.79. The company’s stock had a trading volume of 16,441,503 shares, compared to its average volume of 10,665,462. The business’s 50-day moving average is $12.53 and its two-hundred day moving average is $11.65. The company has a market capitalization of $14.91 billion, a PE ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.86. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.60 and a current ratio of 0.60. Centurylink has a 52-week low of $9.64 and a 52-week high of $21.50.

Centurylink (NYSE:CTL) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.53 billion. Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. As a group, analysts predict that Centurylink will post 1.35 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in CTL. First Trust Advisors LP increased its position in Centurylink by 312.5% during the 2nd quarter. First Trust Advisors LP now owns 17,971,928 shares of the technology company’s stock worth $211,350,000 after purchasing an additional 13,615,102 shares in the last quarter. Nuveen Asset Management LLC increased its position in Centurylink by 292.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,153,338 shares of the technology company’s stock worth $84,123,000 after purchasing an additional 5,331,862 shares in the last quarter. BlackRock Inc. increased its position in Centurylink by 5.3% during the 2nd quarter. BlackRock Inc. now owns 91,381,667 shares of the technology company’s stock worth $1,074,649,000 after purchasing an additional 4,592,314 shares in the last quarter. Vanguard Group Inc. increased its position in Centurylink by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 111,083,804 shares of the technology company’s stock worth $1,306,346,000 after purchasing an additional 4,537,725 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Centurylink by 52.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,843,769 shares of the technology company’s stock worth $68,723,000 after purchasing an additional 2,021,983 shares in the last quarter. Institutional investors and hedge funds own 73.51% 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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Analyst Recommendations for Centurylink (NYSE:CTL)

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