CenturyLink, Inc. (NYSE:CTL) had its price target decreased by Deutsche Bank AG from $23.00 to $20.00 in a research report report published on Tuesday. Deutsche Bank AG currently has a hold rating on the technology company’s stock.
CTL has been the subject of a number of other reports. Cowen and Company reissued a neutral rating on shares of CenturyLink in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of CenturyLink from a hold rating to a strong sell rating in a research note on Friday, August 25th. BidaskClub raised shares of CenturyLink from a sell rating to a hold rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a hold rating and set a $25.00 target price on shares of CenturyLink in a research note on Monday, September 18th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $22.00 target price on shares of CenturyLink in a research note on Tuesday, October 3rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. CenturyLink currently has a consensus rating of Hold and a consensus target price of $25.15.
Shares of CenturyLink (NYSE CTL) traded down 0.10% during mid-day trading on Tuesday, hitting $20.30. The stock had a trading volume of 3,599,841 shares. The stock’s 50-day moving average is $19.44 and its 200 day moving average is $22.93. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 29.42 and a beta of 0.89. CenturyLink has a 1-year low of $18.17 and a 1-year high of $33.45.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company earned $0.63 earnings per share. CenturyLink’s quarterly revenue was down 7.0% on a year-over-year basis. Equities research analysts predict that CenturyLink will post $1.94 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.63%. The ex-dividend date was Thursday, August 31st. CenturyLink’s payout ratio is 313.04%.
Several large investors have recently bought and sold shares of CTL. Vanguard Group Inc. grew its holdings in shares of CenturyLink by 22.6% during the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after buying an additional 10,583,246 shares during the last quarter. Capital World Investors purchased a new stake in shares of CenturyLink during the second quarter valued at approximately $142,086,000. Standard Life Investments LTD purchased a new stake in shares of CenturyLink during the second quarter valued at approximately $112,613,000. Fiduciary Management Inc. WI purchased a new stake in shares of CenturyLink during the second quarter valued at approximately $86,411,000. Finally, Samlyn Capital LLC purchased a new stake in shares of CenturyLink during the second quarter valued at approximately $80,290,000. Hedge funds and other institutional investors own 83.04% 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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