Goldman Sachs Group Inc reiterated their sell rating on shares of Centurylink Inc (NYSE:CTL) in a research note published on Saturday. The brokerage currently has a $19.00 target price on the technology company’s stock.
CTL has been the subject of a number of other reports. Zacks Investment Research downgraded Centurylink from a strong-buy rating to a hold rating in a report on Thursday, January 5th. Vetr downgraded Centurylink from a strong-buy rating to a buy rating and set a $27.84 price objective for the company. in a report on Tuesday, January 17th. Moffett Nathanson started coverage on Centurylink in a research note on Tuesday, February 28th. They issued a neutral rating and a $23.00 price target for the company. Cowen and Company set a $29.00 price target on Centurylink and gave the company a hold rating in a research note on Tuesday, December 20th. Finally, Macquarie restated a neutral rating and issued a $30.00 price target on shares of Centurylink in a research note on Thursday, December 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Centurylink has a consensus rating of Hold and a consensus target price of $26.71.
Shares of Centurylink (NYSE:CTL) traded down 0.67% during midday trading on Friday, reaching $25.32. 7,430,709 shares of the company were exchanged. Centurylink has a 52-week low of $22.33 and a 52-week high of $33.45. The company has a market capitalization of $13.84 billion, a PE ratio of 21.83 and a beta of 0.83. The firm’s 50 day moving average is $23.74 and its 200-day moving average is $24.90.
Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, February 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.02. Centurylink had a return on equity of 9.58% and a net margin of 3.58%. The business earned $4.29 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Centurylink will post $2.16 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Exane Derivatives acquired a new position in shares of Centurylink during the third quarter valued at about $123,000. Global X Management Co. LLC raised its stake in shares of Centurylink by 95.2% in the third quarter. Global X Management Co. LLC now owns 4,765 shares of the technology company’s stock worth $131,000 after buying an additional 2,324 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Centurylink during the fourth quarter worth $142,000. Focused Wealth Management Inc raised its stake in shares of Centurylink by 6.8% in the fourth quarter. Focused Wealth Management Inc now owns 6,308 shares of the technology company’s stock worth $150,000 after buying an additional 400 shares in the last quarter. Finally, Ledyard National Bank raised its stake in shares of Centurylink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock worth $173,000 after buying an additional 7,243 shares in the last quarter. Institutional investors own 73.98% of the company’s stock.
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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