Deutsche Bank AG Reaffirms Hold Rating for CenturyLink, Inc. (CTL)
Deutsche Bank AG reaffirmed their hold rating on shares of CenturyLink, Inc. (NYSE:CTL) in a report published on Thursday. They currently have a $16.00 price objective on the technology company’s stock.
Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of CenturyLink from a hold rating to a buy rating in a report on Friday, August 18th. Royal Bank Of Canada restated a hold rating and set a $25.00 price target on shares of CenturyLink in a report on Monday, September 18th. Zacks Investment Research cut shares of CenturyLink from a hold rating to a strong sell rating in a report on Friday, August 25th. Morgan Stanley cut their price target on shares of CenturyLink from $27.00 to $26.00 and set an overweight rating on the stock in a report on Wednesday, August 23rd. Finally, BidaskClub cut shares of CenturyLink from a hold rating to a sell rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. CenturyLink presently has an average rating of Hold and an average target price of $23.07.
CenturyLink (NYSE CTL) remained flat at $$15.48 during trading on Thursday. The stock had a trading volume of 19,339,199 shares, compared to its average volume of 17,244,036. CenturyLink has a 52-week low of $14.60 and a 52-week high of $27.61. The firm has a market capitalization of $8,507.95, a PE ratio of 7.98, a PEG ratio of -4.02 and a beta of 0.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.90.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. equities research analysts predict that CenturyLink will post 1.87 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in CTL. Endurance Wealth Management Inc. lifted its stake in shares of CenturyLink by 18.5% during the 2nd quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after buying an additional 725 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of CenturyLink by 178.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock valued at $134,000 after buying an additional 4,285 shares in the last quarter. Blue Granite Capital LLC purchased a new stake in shares of CenturyLink during the 3rd quarter valued at approximately $136,000. Exane Derivatives lifted its stake in shares of CenturyLink by 27.6% during the 2nd quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after buying an additional 1,436 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of CenturyLink during the 2nd quarter valued at approximately $197,000. Institutional investors own 82.51% 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.
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