An issue of Centurylink Inc (NYSE:CTL) bonds rose 0.8% against their face value during trading on Friday. The high-yield debt issue has a 5.625% coupon and is set to mature on April 1, 2020. The bonds in the issue are now trading at $103.25 and were trading at $102.38 last week. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

Several brokerages have weighed in on CTL. Barclays reissued a “hold” rating and set a $21.00 price objective on shares of Centurylink in a report on Friday. Zacks Investment Research raised Centurylink from a “sell” rating to a “hold” rating in a report on Friday. Citigroup increased their price objective on Centurylink from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday. Bank of America set a $27.00 price objective on Centurylink and gave the company a “buy” rating in a report on Wednesday. Finally, TheStreet raised Centurylink from a “c+” rating to a “b” rating in a report on Friday, July 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Centurylink has an average rating of “Hold” and a consensus target price of $21.13.

Shares of Centurylink traded up $0.41, hitting $21.38, during trading hours on Friday, MarketBeat reports. 16,412,532 shares of the company’s stock traded hands, compared to its average volume of 8,027,431. Centurylink Inc has a 12-month low of $13.16 and a 12-month high of $22.03. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 14.54, a PEG ratio of -14.69 and a beta of 0.80. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.88 and a current ratio of 0.98.

Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. sell-side analysts forecast that Centurylink Inc will post 1 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Ballew Advisors Inc bought a new stake in Centurylink in the 1st quarter worth approximately $101,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Centurylink by 16,940.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,453 shares of the technology company’s stock valued at $102,000 after acquiring an additional 5,421 shares during the period. AdvisorNet Financial Inc grew its position in shares of Centurylink by 118.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 6,422 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,482 shares during the period. Archford Capital Strategies LLC bought a new stake in shares of Centurylink during the 1st quarter valued at $130,000. Finally, Bedel Financial Consulting Inc. bought a new stake in shares of Centurylink during the 1st quarter valued at $136,000. 78.74% of the stock is owned by institutional investors and hedge funds.

Centurylink Company Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

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