Centurylink (NYSE:CTL) has been assigned a $16.00 price objective by investment analysts at Moffett Nathanson in a report released on Monday, Marketbeat.com reports. The brokerage currently has a “sell” rating on the technology company’s stock. Moffett Nathanson’s target price suggests a potential downside of 13.47% from the company’s previous close.

A number of other research analysts have also recently commented on CTL. Zacks Investment Research cut Centurylink from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Bank of America set a $27.00 price target on Centurylink and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Citigroup raised their price target on Centurylink from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Barclays reiterated a “hold” rating and issued a $21.00 target price on shares of Centurylink in a research report on Friday, August 10th. Finally, Morgan Stanley lifted their target price on Centurylink from $21.60 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.92.

Shares of NYSE CTL opened at $18.49 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.57. Centurylink has a 52 week low of $13.16 and a 52 week high of $24.20. The firm has a market capitalization of $20.56 billion, a P/E ratio of 12.58, a P/E/G ratio of -11.06 and a beta of 0.76.

Centurylink (NYSE:CTL) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. Centurylink had a return on equity of 4.45% and a net margin of 7.81%. The company had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter last year, the business earned $0.42 earnings per share. Centurylink’s revenue was down 3.6% on a year-over-year basis. As a group, equities analysts anticipate that Centurylink will post 1.15 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Madison Investment Holdings Inc. bought a new stake in shares of Centurylink during the second quarter worth about $24,058,000. Beck Mack & Oliver LLC grew its holdings in shares of Centurylink by 3.9% during the third quarter. Beck Mack & Oliver LLC now owns 6,469,678 shares of the technology company’s stock worth $137,157,000 after purchasing an additional 241,858 shares during the last quarter. Kwmg LLC grew its holdings in shares of Centurylink by 8.8% during the second quarter. Kwmg LLC now owns 94,304 shares of the technology company’s stock worth $1,758,000 after purchasing an additional 7,666 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Centurylink by 1,297.5% during the second quarter. Tower Research Capital LLC TRC now owns 30,745 shares of the technology company’s stock worth $573,000 after purchasing an additional 28,545 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Centurylink by 27.8% during the second quarter. Toronto Dominion Bank now owns 706,741 shares of the technology company’s stock worth $13,171,000 after purchasing an additional 153,865 shares during the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

About Centurylink

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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Analyst Recommendations for Centurylink (NYSE:CTL)

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