Somewhat Favorable Press Coverage Somewhat Unlikely to Affect CenturyLink (CTL) Stock Price
News stories about CenturyLink (NYSE:CTL) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CenturyLink earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.7034311869245 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Verizon (VZ) to Retire Copper Networks for Fiber Migration (finance.yahoo.com)
- CenturyLink, Inc. (CTL) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Seahawks Announce The Week Two CenturyLink High School Athlete Of The Week (seahawks.com)
- CenturyLink introduces CenturyLink® Business Wi-Fi; bundled … – PR Newswire (press release) (prnewswire.com)
- CenturyLink introduces CenturyLink® Business Wi-Fi; bundled offering combines network capabilities with cloud-managed wireless technology from Cisco Meraki (finance.yahoo.com)
Several analysts have commented on CTL shares. ValuEngine downgraded CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded CenturyLink from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. UBS AG set a $29.00 price objective on CenturyLink and gave the company a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC reduced their price objective on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, June 29th. Finally, Cowen and Company upped their price objective on CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Wednesday, July 5th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. CenturyLink has an average rating of “Hold” and a consensus price target of $26.15.
Shares of CenturyLink (NYSE CTL) opened at 18.54 on Friday. CenturyLink has a 12-month low of $18.17 and a 12-month high of $33.45. The company has a 50 day moving average price of $20.32 and a 200-day moving average price of $23.33. The firm has a market cap of $10.19 billion, a PE ratio of 26.87 and a beta of 0.89.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share 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 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 quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. Analysts expect that CenturyLink will post $1.94 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a dividend of $0.54 per share. The ex-dividend date was Thursday, August 31st. This represents a $2.16 annualized dividend and a yield of 11.65%. CenturyLink’s payout ratio is 313.04%.
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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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