Goldman Sachs Group Inc reaffirmed their sell rating on shares of Centurylink Inc (NYSE:CTL) in a research report released on Saturday morning. Goldman Sachs Group Inc currently has a $19.00 price objective on the technology company’s stock.
A number of other analysts have also weighed in on CTL. SunTrust Banks, Inc. began coverage on Centurylink in a report on Monday, December 12th. They set a hold rating and a $27.00 target price for the company. Cowen and Company set a $29.00 price target on Centurylink and gave the stock a hold rating in a research report on Tuesday, December 20th. Macquarie reaffirmed a neutral rating and set a $30.00 price target on shares of Centurylink in a research report on Thursday, December 29th. JPMorgan Chase & Co. raised Centurylink from a neutral rating to an overweight rating and set a $28.00 price target on the stock in a research report on Tuesday, January 3rd. Finally, Zacks Investment Research downgraded Centurylink from a strong-buy rating to a hold rating in a research report on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $26.71.
Centurylink (NYSE:CTL) traded down 0.67% during midday trading on Friday, reaching $25.32. The company’s stock had a trading volume of 7,430,709 shares. Centurylink has a 12-month low of $22.33 and a 12-month high of $33.45. The company’s 50-day moving average is $23.74 and its 200 day moving average is $24.90. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 21.83 and a beta of 0.83.
Centurylink (NYSE:CTL) last posted its earnings results on Wednesday, February 8th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Centurylink had a return on equity of 9.58% and a net margin of 3.58%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Equities analysts forecast that Centurylink will post $2.16 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. raised its position in shares of Centurylink by 2.6% in the third quarter. Meeder Asset Management Inc. now owns 69,836 shares of the technology company’s stock worth $1,916,000 after buying an additional 1,773 shares in the last quarter. Bank of Montreal Can raised its position in shares of Centurylink by 4.9% in the third quarter. Bank of Montreal Can now owns 1,018,221 shares of the technology company’s stock worth $27,930,000 after buying an additional 47,157 shares in the last quarter. Trust Co raised its position in shares of Centurylink by 5.4% in the second quarter. Trust Co now owns 13,575 shares of the technology company’s stock worth $394,000 after buying an additional 700 shares in the last quarter. First Quadrant L P CA raised its position in shares of Centurylink by 2.2% in the third quarter. First Quadrant L P CA now owns 938,084 shares of the technology company’s stock worth $25,732,000 after buying an additional 20,384 shares in the last quarter. Finally, Charter Trust Co. raised its position in shares of Centurylink by 4.3% in the third quarter. Charter Trust Co. now owns 18,622 shares of the technology company’s stock worth $510,000 after buying an additional 769 shares in the last quarter. 73.98% of the stock is currently owned by institutional investors and hedge funds.
Centurylink Company Profile
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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