CenturyLink Lowered to Hold at TheStreet (CTL)
“CenturyLink (CTL) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.”
,” TheStreet’s analyst wrote.
TheStreet has also modified their ratings on a number of other technology stocks in the few days. The firm reiterated its buy rating on shares of Equinix.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of CenturyLink from $44.00 to $34.00 in a research note to investors on Tuesday, February 19th. They now have a sector perform rating on the stock. Separately, analysts at Stifel Nicolaus cut their price target on shares of CenturyLink from $45.00 to $40.00 in a research note to investors on Friday, February 15th. Finally, analysts at Argus downgraded shares of CenturyLink from a buy rating to a hold rating in a research note to investors on Friday, February 15th.
Eight research analysts have rated the stock with a buy rating, nine have assigned a hold rating, two have given an underweight rating, and two have issued a sell rating to the company’s stock. The stock presently has a consensus rating of hold and an average target price of $36.11.
CenturyLink traded up 0.38% on Monday, hitting $34.70. CenturyLink has a 52-week low of $32.05 and a 52-week high of $43.43. The stock’s 50-day moving average is currently $37.48. The company has a market cap of $21.716 billion and a price-to-earnings ratio of 27.66.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 22nd. Investors of record on Monday, March 11th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, March 7th.
CenturyLink, Inc. (CenturyLink) provides a range of communications services. Its communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services.
To view TheStreet’s full report, visit www.thestreetratings.com
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