Centurylink (NYSE:CTL) Upgraded to C by TheStreet

TheStreet upgraded shares of Centurylink (NYSE:CTL) from a d+ rating to a c rating in a report released on Thursday morning, TheStreetRatingsTable reports.

Several other analysts have also weighed in on CTL. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Centurylink in a report on Friday, September 13th. Wells Fargo & Co increased their price target on shares of Centurylink from $14.00 to $15.00 and gave the company an outperform rating in a research note on Thursday. Raymond James raised shares of Centurylink from an underperform rating to a market perform rating in a research note on Thursday, August 8th. Guggenheim cut shares of Centurylink from a neutral rating to a sell rating and set a $10.00 price target on the stock. in a research note on Wednesday. Finally, ValuEngine raised shares of Centurylink from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $13.16.

Shares of NYSE CTL traded down $0.09 during mid-day trading on Thursday, hitting $14.79. 16,441,503 shares of the stock were exchanged, compared to its average volume of 10,665,462. The company has a market cap of $14.91 billion, a P/E ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.86. The stock’s fifty day simple moving average is $12.53 and its two-hundred day simple moving average is $11.65. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.60 and a current ratio of 0.60. Centurylink has a twelve month low of $9.64 and a twelve month high of $21.50.

Centurylink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.53 billion. Centurylink had a positive return on equity of 8.30% and a negative net margin of 34.77%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. As a group, equities research analysts predict that Centurylink will post 1.35 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in CTL. AllSquare Wealth Management LLC boosted its stake in Centurylink by 26.7% in the third quarter. AllSquare Wealth Management LLC now owns 3,801 shares of the technology company’s stock valued at $47,000 after acquiring an additional 800 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in Centurylink by 1.5% in the third quarter. First Allied Advisory Services Inc. now owns 155,817 shares of the technology company’s stock valued at $1,936,000 after acquiring an additional 2,245 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Centurylink by 52.1% in the third quarter. Checchi Capital Advisers LLC now owns 16,033 shares of the technology company’s stock valued at $200,000 after acquiring an additional 5,494 shares during the last quarter. Rational Advisors LLC boosted its stake in Centurylink by 14.2% in the third quarter. Rational Advisors LLC now owns 79,163 shares of the technology company’s stock valued at $988,000 after acquiring an additional 9,848 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Centurylink by 2.7% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 37,384 shares of the technology company’s stock valued at $467,000 after acquiring an additional 990 shares during the last quarter. 73.51% of the stock is currently owned by institutional investors and hedge funds.

Centurylink Company Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Analyst Recommendations for Centurylink (NYSE:CTL)

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