Centurylink Inc (CTL) Given Consensus Recommendation of “Hold” by Analysts

Centurylink Inc (NYSE:CTL) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the stock. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $26.71.

A number of equities research analysts have recently weighed in on CTL shares. Macquarie reiterated a “neutral” rating and issued a $30.00 price target on shares of Centurylink in a report on Thursday, December 29th. JPMorgan Chase & Co. upgraded Centurylink from a “neutral” rating to an “overweight” rating and set a $28.00 price target for the company in a research report on Tuesday, January 3rd. Zacks Investment Research lowered Centurylink from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 5th. Vetr lowered Centurylink from a “strong-buy” rating to a “buy” rating and set a $27.84 price target for the company. in a research report on Tuesday, January 17th. Finally, Moffett Nathanson initiated coverage on Centurylink in a research report on Tuesday, February 28th. They set a “neutral” rating and a $23.00 price target for the company.

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Shares of Centurylink (NYSE:CTL) opened at 25.49 on Friday. The firm’s 50-day moving average is $23.74 and its 200-day moving average is $24.90. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 21.97 and a beta of 0.83. Centurylink has a 52 week low of $22.33 and a 52 week high of $33.45.

Centurylink (NYSE:CTL) last posted its quarterly earnings data 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 had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Centurylink’s revenue for the quarter was down 4.2% compared to the same quarter last year.

Large investors have recently made changes to their positions in the company. Menta Capital LLC raised its stake in shares of Centurylink by 4.3% in the fourth quarter. Menta Capital LLC now owns 103,831 shares of the technology company’s stock worth $2,469,000 after buying an additional 4,298 shares during the period. Concert Wealth Management Inc. raised its position in Centurylink by 33.9% in the third quarter. Concert Wealth Management Inc. now owns 64,446 shares of the technology company’s stock valued at $1,766,000 after buying an additional 16,307 shares during the last quarter. World Asset Management Inc raised its position in Centurylink by 1.6% in the third quarter. World Asset Management Inc now owns 62,063 shares of the technology company’s stock valued at $1,702,000 after buying an additional 992 shares during the last quarter. Hartford Investment Management Co. raised its position in Centurylink by 9.6% in the third quarter. Hartford Investment Management Co. now owns 219,609 shares of the technology company’s stock valued at $6,024,000 after buying an additional 19,261 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Centurylink by 0.9% in the third quarter. Punch & Associates Investment Management Inc. now owns 209,251 shares of the technology company’s stock valued at $5,740,000 after buying an additional 1,911 shares during the last quarter. 73.98% of the stock is currently owned by institutional investors.

About Centurylink

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.

5 Day Chart for NYSE:CTL

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