Q3 2017 EPS Estimates for CenturyLink, Inc. Increased by Analyst (NYSE:CTL)
CenturyLink, Inc. (NYSE:CTL) – Stock analysts at Oppenheimer Holdings boosted their Q3 2017 EPS estimates for shares of CenturyLink in a note issued to investors on Thursday. Oppenheimer Holdings analyst T. Horan now anticipates that the technology company will post earnings per share of $0.51 for the quarter, up from their prior estimate of $0.48. Oppenheimer Holdings also issued estimates for CenturyLink’s Q4 2017 earnings at $0.52 EPS and FY2017 earnings at $2.02 EPS.
CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS.
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Several other equities research analysts have also recently issued reports on CTL. UBS AG set a $29.00 target price on CenturyLink and gave the stock a “buy” rating in a research note on Thursday, June 22nd. BidaskClub raised CenturyLink from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Thursday, May 25th. ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Cowen and Company set a $25.00 target price on CenturyLink and gave the stock a “market perform” rating in a research note on Thursday, May 4th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.22.
CenturyLink (NYSE CTL) opened at 22.47 on Monday. The firm has a 50-day moving average price of $23.98 and a 200 day moving average price of $24.49. The company has a market cap of $12.16 billion, a P/E ratio of 32.57 and a beta of 0.87. CenturyLink has a 12 month low of $22.26 and a 12 month high of $33.45.
Several large investors have recently modified their holdings of the stock. Washington Trust Bank boosted its stake in shares of CenturyLink by 133.3% in the first quarter. Washington Trust Bank now owns 16,776 shares of the technology company’s stock worth $395,000 after buying an additional 9,586 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CenturyLink by 11.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,160 shares of the technology company’s stock worth $1,194,000 after buying an additional 5,337 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of CenturyLink during the first quarter worth $1,607,000. Atria Investments LLC boosted its stake in shares of CenturyLink by 43.6% in the first quarter. Atria Investments LLC now owns 99,579 shares of the technology company’s stock worth $2,347,000 after buying an additional 30,217 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in shares of CenturyLink by 88.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 13,426 shares of the technology company’s stock worth $316,000 after buying an additional 6,286 shares during the last quarter. 78.04% of the stock is 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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