Centurylink Inc (NYSE:CTL) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday, May 8th. The firm presently has a $27.12 price target on the technology company’s stock. Vetr‘s price target points to a potential upside of 10.29% from the stock’s previous close.
A number of other research firms have also recently commented on CTL. Morgan Stanley restated an “overweight” rating and issued a $27.00 target price on shares of Centurylink in a research note on Wednesday, March 29th. Zacks Investment Research lowered Centurylink from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Jefferies Group LLC reduced their price objective on Centurylink from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 4th. Goldman Sachs Group Inc reaffirmed a “sell” rating and set a $19.00 price objective on shares of Centurylink in a research report on Saturday, March 25th. Finally, Cowen and Company set a $25.00 price objective on Centurylink and gave the company a “market perform” rating in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Centurylink has an average rating of “Hold” and an average target price of $26.70.
Centurylink (NYSE:CTL) traded up 1.14% during mid-day trading on Monday, reaching $24.87. The company had a trading volume of 10,497,168 shares. The firm’s 50-day moving average is $24.85 and its 200-day moving average is $24.47. Centurylink has a one year low of $22.33 and a one year high of $33.45. The firm has a market capitalization of $13.65 billion, a P/E ratio of 24.38 and a beta of 0.83.
Centurylink (NYSE:CTL) last released its earnings results on Wednesday, May 3rd. The technology company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Centurylink had a net margin of 3.58% and a return on equity of 9.58%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. On average, equities research analysts anticipate that Centurylink will post $2.11 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in CTL. Bank of Nova Scotia increased its position in shares of Centurylink by 944.4% in the first quarter. Bank of Nova Scotia now owns 125,115 shares of the technology company’s stock valued at $2,949,000 after buying an additional 113,135 shares during the last quarter. First City Capital Management Inc. purchased a new stake in shares of Centurylink during the first quarter valued at about $215,000. Green Square Capital LLC boosted its stake in shares of Centurylink by 22.6% in the first quarter. Green Square Capital LLC now owns 254,803 shares of the technology company’s stock valued at $6,006,000 after buying an additional 46,971 shares during the period. FNY Managed Accounts LLC purchased a new stake in shares of Centurylink during the first quarter valued at about $120,000. Finally, First Financial Equity Corporation purchased a new stake in shares of Centurylink during the first quarter valued at about $766,000. Institutional investors and hedge funds own 73.98% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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