CenturyLink, Inc. (NYSE:CTL) – Research analysts at Jefferies Group cut their FY2017 earnings estimates for shares of CenturyLink in a note issued to investors on Thursday. Jefferies Group analyst S. Goldman now expects that the technology company will earn $1.47 per share for the year, down from their prior estimate of $1.95. Jefferies Group has a “Hold” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for CenturyLink’s Q4 2017 earnings at $0.21 EPS, FY2018 earnings at $0.79 EPS and FY2019 earnings at $0.86 EPS.
Several other research analysts have also recently issued reports on CTL. BidaskClub cut shares of CenturyLink from a “hold” rating to a “sell” rating in a report on Friday, August 11th. J P Morgan Chase & Co reiterated a “buy” rating and set a $26.00 target price on shares of CenturyLink in a report on Thursday, November 9th. UBS AG dropped their target price on shares of CenturyLink from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Oppenheimer Holdings, Inc. dropped their target price 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. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $16.00 target price on shares of CenturyLink in a report on Thursday, November 9th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.07.
CenturyLink (NYSE CTL) opened at $14.40 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. The company has a market cap of $8,425.51, a PE ratio of 7.90, a PEG ratio of -4.81 and a beta of 0.88. CenturyLink has a 1-year low of $14.31 and a 1-year high of $27.61.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 15.00%. CenturyLink’s payout ratio is 372.42%.
Several institutional investors have recently made changes to their positions in CTL. Thrivent Financial For Lutherans raised its position in shares of CenturyLink by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 20,192 shares of the technology company’s stock valued at $476,000 after purchasing an additional 1,130 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of CenturyLink by 1.9% in the 2nd quarter. Capstone Asset Management Co. now owns 87,791 shares of the technology company’s stock valued at $2,096,000 after purchasing an additional 1,667 shares during the last quarter. Creative Planning raised its position in shares of CenturyLink by 15.5% in the 2nd quarter. Creative Planning now owns 39,879 shares of the technology company’s stock valued at $952,000 after purchasing an additional 5,346 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of CenturyLink by 33.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,410 shares of the technology company’s stock valued at $272,000 after purchasing an additional 2,890 shares during the last quarter. Finally, National Pension Service raised its position in shares of CenturyLink by 10.0% in the 2nd quarter. National Pension Service now owns 594,001 shares of the technology company’s stock valued at $14,363,000 after purchasing an additional 54,125 shares during the last quarter. 81.74% of the stock is owned by hedge funds and other institutional investors.
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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