An issue of CenturyLink, Inc. (NYSE:CTL) bonds rose 1.6% as a percentage of their face value during trading on Wednesday. The debt issue has a 7.6% coupon and is set to mature on September 15, 2039. The bonds in the issue are now trading at $84.06 and were trading at $82.75 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

CTL has been the subject of a number of research reports. Jefferies Group decreased their price target on shares of CenturyLink to $17.00 and set a “hold” rating for the company in a research report on Thursday, November 9th. Oppenheimer cut their price objective on shares of CenturyLink from $28.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Deutsche Bank reiterated a “hold” rating and issued a $16.00 price objective on shares of CenturyLink in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $25.00 price objective on shares of CenturyLink in a report on Wednesday, November 1st. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $23.07.

Shares of CenturyLink, Inc. (CTL) traded up $0.85 during mid-day trading on Wednesday, reaching $14.54. 17,762,500 shares of the company’s stock were exchanged, compared to its average volume of 10,575,931. CenturyLink, Inc. has a 52-week low of $13.16 and a 52-week high of $27.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $14,630.00, a price-to-earnings ratio of 7.13, a P/E/G ratio of -4.30 and a beta of 0.88.

CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. research analysts predict that CenturyLink, Inc. will post 1.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be paid a $0.54 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 14.86%. CenturyLink’s dividend payout ratio (DPR) is presently 372.41%.

Several institutional investors have recently modified their holdings of the company. Eaton Vance Management raised its stake in shares of CenturyLink by 0.5% in the 2nd quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock valued at $302,000 after purchasing an additional 57 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of CenturyLink by 0.9% in the 2nd quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock valued at $268,000 after purchasing an additional 116 shares in the last quarter. First Manhattan Co. raised its stake in shares of CenturyLink by 0.3% in the 2nd quarter. First Manhattan Co. now owns 37,199 shares of the technology company’s stock valued at $888,000 after purchasing an additional 126 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of CenturyLink by 0.5% in the 2nd quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock valued at $905,000 after purchasing an additional 174 shares in the last quarter. Finally, S. R. Schill & Associates raised its stake in shares of CenturyLink by 1.0% in the 2nd quarter. S. R. Schill & Associates now owns 20,138 shares of the technology company’s stock valued at $481,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.

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About CenturyLink

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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