Centurylink (CTL) Receiving Somewhat Negative Media Coverage, Study Shows

Media stories about Centurylink (NYSE:CTL) have trended somewhat negative on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centurylink earned a news sentiment score of -0.05 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Insider Buying and Selling by Quarter for Centurylink (NYSE:CTL)

Centurylink (NYSE:CTL) traded down 0.16% during trading on Thursday, reaching $24.40. The company’s stock had a trading volume of 5,751,135 shares. The stock has a market cap of $13.39 billion, a P/E ratio of 23.92 and a beta of 0.87. The firm’s 50-day moving average is $25.32 and its 200-day moving average is $24.69. Centurylink has a 52-week low of $22.33 and a 52-week high of $33.45.

Centurylink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $4.21 billion during the quarter, compared to analyst estimates of $4.27 billion. Centurylink had a net margin of 3.87% and a return on equity of 4.90%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. Equities research analysts forecast that Centurylink will post $2.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, June 5th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend was Thursday, June 1st. Centurylink’s dividend payout ratio (DPR) is currently 211.77%.

A number of brokerages have commented on CTL. Moffett Nathanson began coverage on Centurylink in a research note on Tuesday, February 28th. They issued a “neutral” rating and a $23.00 target price on the stock. Bank of America Corporation restated a “buy” rating on shares of Centurylink in a research note on Tuesday, May 9th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 target price on shares of Centurylink in a research note on Thursday, May 25th. Cowen and Company set a $25.00 target price on Centurylink and gave the company a “market perform” rating in a research note on Thursday, May 4th. Finally, Zacks Investment Research upgraded Centurylink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Centurylink currently has an average rating of “Hold” and an average price target of $26.09.

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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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