CenturyLink, Inc. (CTL) Receives “Hold” Rating from Royal Bank Of Canada
Royal Bank Of Canada reiterated their hold rating on shares of CenturyLink, Inc. (NYSE:CTL) in a research note published on Monday. Royal Bank Of Canada currently has a $25.00 price target on the technology company’s stock.
CTL has been the topic of a number of other reports. Cowen and Company raised their price objective on shares of CenturyLink from $25.00 to $27.00 and gave the company a market perform rating in a report on Wednesday, July 5th. BidaskClub lowered shares of CenturyLink from a hold rating to a sell rating in a report on Friday, August 11th. ValuEngine lowered shares of CenturyLink from a buy rating to a hold rating in a report on Friday, June 2nd. Barclays PLC reduced their price objective on shares of CenturyLink from $24.00 to $23.00 and set an underweight rating on the stock in a report on Thursday, June 29th. Finally, Zacks Investment Research lowered shares of CenturyLink from a hold rating to a strong sell rating in a report on Friday, August 25th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. CenturyLink currently has an average rating of Hold and an average target price of $26.15.
CenturyLink (NYSE CTL) opened at 18.49 on Monday. CenturyLink has a 12-month low of $18.17 and a 12-month high of $33.45. The firm has a 50-day moving average of $20.32 and a 200 day moving average of $23.33. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 26.80 and a beta of 0.89.
CenturyLink (NYSE:CTL) last released its 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). The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. CenturyLink’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. On average, analysts predict that CenturyLink will post $1.94 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 11.68%. The ex-dividend date was Thursday, August 31st. CenturyLink’s payout ratio is currently 313.04%.
Several large investors have recently modified their holdings of CTL. Endurance Wealth Management Inc. boosted its holdings in shares of CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after acquiring an additional 725 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of CenturyLink in the first quarter valued at about $120,000. Exane Derivatives boosted its holdings in shares of CenturyLink by 27.6% in the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,436 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of CenturyLink in the second quarter valued at about $197,000. Finally, WealthPLAN Partners LLC boosted its holdings in shares of CenturyLink by 5,660.0% in the second quarter. WealthPLAN Partners LLC now owns 8,640 shares of the technology company’s stock valued at $206,000 after acquiring an additional 8,490 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.
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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