Positive Press Coverage Somewhat Unlikely to Affect Centurylink (CTL) Stock Price
News articles about Centurylink (NYSE:CTL) have been trending positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Centurylink earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.2566138057402 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Black Box (BBOX) & Centurylink (CTL) Head-To-Head Contrast (americanbankingnews.com)
- Hot Stock’s Highlights – CenturyLink Inc (NYSE: CTL) – Alpha Beta Stock (alphabetastock.com)
- Recent Insiders Bustle: NVIDIA Corporation (NVDA), CenturyLink, Inc. (CTL) – Market Movers (financialqz.com)
- NFV-SDN Spurs CenturyLink Integration (lightreading.com)
- CenturyLink brings broadband to 600000 homes and businesses in rural America (prnewswire.com)
A number of research analysts have commented on CTL shares. Jefferies Group reiterated a “hold” rating and set a $22.00 price target on shares of Centurylink in a research report on Tuesday, October 3rd. Barclays reduced their price target on shares of Centurylink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Deutsche Bank reduced their price target on shares of Centurylink from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, ValuEngine upgraded shares of Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Centurylink has a consensus rating of “Hold” and an average target price of $22.37.
Centurylink (NYSE:CTL) last released its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations 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 period last year, the company posted $0.56 EPS. equities research analysts forecast that Centurylink will post 1.56 EPS for the current fiscal year.
In related news, CEO Glen F. Post III acquired 50,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $14.17 per share, with a total value of $708,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey K. Storey acquired 71,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $14.30 per share, with a total value of $1,015,300.00. Following the purchase, the chief operating officer now owns 2,498,668 shares of the company’s stock, valued at approximately $35,730,952.40. The disclosure for this purchase can be found here. In the last three months, insiders have bought 150,595 shares of company stock valued at $2,154,131. Insiders own 0.61% of the company’s stock.
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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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