News coverage about Centurylink (NYSE:CTL) has trended somewhat positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Centurylink earned a news impact score of 1.88 on their scale. InfoTrie also gave media coverage about the technology company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Centurylink’s score:
- CenturyLink beats by $0.02, misses on revenue (seekingalpha.com)
- CenturyLink Reports Third Quarter 2018 Results (finance.yahoo.com)
- CenturyLink: 3Q Earnings Snapshot (finance.yahoo.com)
- Updated Investment Thesis On CenturyLink, Inc. (CTL), WPX Energy, Inc. (WPX) (gvtimes.com)
- Seahawks Announce Week Eight CenturyLink High School Athlete of the Week (seahawks.com)
CTL has been the topic of several analyst reports. Zacks Investment Research cut shares of Centurylink from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Bank of America set a $27.00 price target on shares of Centurylink and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Citigroup raised their price target on shares of Centurylink from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Barclays reaffirmed a “hold” rating and set a $21.00 price target on shares of Centurylink in a research note on Friday, August 10th. Finally, Morgan Stanley raised their price target on shares of Centurylink from $21.60 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.12.
Shares of CTL traded down $0.39 during mid-day trading on Thursday, hitting $21.08. The company had a trading volume of 12,029,462 shares, compared to its average volume of 10,614,212. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.98 and a current ratio of 0.98. Centurylink has a 1-year low of $13.16 and a 1-year high of $24.20. The stock has a market capitalization of $22.86 billion, a PE ratio of 14.34, a P/E/G ratio of -13.16 and a beta of 0.76.
Centurylink (NYSE:CTL) last released its earnings results on Wednesday, August 8th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Centurylink had a net margin of 7.62% and a return on equity of 4.50%. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 44.3% on a year-over-year basis. As a group, sell-side analysts expect that Centurylink will post 1.07 earnings per share for the current fiscal year.
In related news, Director Glen F. Post III sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $24.00, for a total value of $3,600,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.
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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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