Centurylink Inc (NYSE:CTL) has earned an average rating of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $21.86.
CTL has been the subject of a number of research reports. Jefferies Group decreased their price target on shares of Centurylink to $17.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Oppenheimer decreased their price target on shares of Centurylink from $28.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Goldman Sachs Group raised shares of Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 price target for the company in a research report on Monday, January 8th. Barclays raised shares of Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 price target for the company in a research report on Friday, December 15th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $16.00 price target on shares of Centurylink in a research report on Thursday, November 9th.
In other news, Vice Chairman William Bruce Hanks acquired 10,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $14.41 per share, with a total value of $144,100.00. Following the transaction, the insider now directly owns 58,722 shares in the company, valued at approximately $846,184.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martha Helena Bejar acquired 7,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was purchased at an average cost of $14.28 per share, with a total value of $99,960.00. Following the completion of the transaction, the director now owns 25,991 shares in the company, valued at $371,151.48. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 150,595 shares of company stock valued at $2,154,131. 0.61% of the stock is currently owned by corporate insiders.
Shares of Centurylink (NYSE:CTL) traded up $0.08 during trading on Friday, reaching $17.98. 13,671,095 shares of the company were exchanged, compared to its average volume of 13,060,000. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.59. Centurylink has a 12-month low of $13.16 and a 12-month high of $27.61. The stock has a market cap of $19,220.00, a PE ratio of 5.99, a price-to-earnings-growth ratio of -9.81 and a beta of 0.82.
Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Centurylink had a return on equity of 5.88% and a net margin of 7.87%. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.69 billion. During the same period last year, the company posted $0.54 earnings per share. analysts predict that Centurylink will post 0.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 12.01%. Centurylink’s payout ratio is currently 72.00%.
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 Enterprise, 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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