News articles about Centurylink (NYSE:CTL) have been trending very positive recently, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Centurylink earned a media sentiment score of 3.50 on their scale. InfoTrie also assigned media stories about the technology company an news buzz score of 7 out of 10, indicating that recent press coverage is likely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Centurylink’s score:
- CenturyLink: 11.5% Yield, About 70% Payout Ratio, Risks And Leverage Are Decreasing (seekingalpha.com)
- Centurylink Inc (CTL) to Issue Quarterly Dividend of $0.54 (americanbankingnews.com)
- CTL Stock: Can You Count on CenturyLink Inc’s 11.2% Yield? (incomeinvestors.com)
- Mylobot botnet delivers one-two punch with Khalesi malware (finance.yahoo.com)
- CenturyLink Launches SIMPLE for Small Businesses (channelpartnersonline.com)
Shares of NYSE CTL traded up $0.21 during trading on Friday, reaching $19.17. The company had a trading volume of 10,427,602 shares, compared to its average volume of 10,758,590. Centurylink has a 52 week low of $13.16 and a 52 week high of $24.20. The company has a market cap of $20.61 billion, a PE ratio of 13.04, a P/E/G ratio of -11.08 and a beta of 0.76. The company has a current ratio of 0.78, a quick ratio of 0.98 and a debt-to-equity ratio of 1.57.
Centurylink (NYSE:CTL) last announced its earnings results on Thursday, November 8th. The technology company reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. Centurylink had a net margin of 7.81% and a return on equity of 4.45%. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts forecast that Centurylink will post 1.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date is Friday, November 23rd. Centurylink’s dividend payout ratio is presently 146.94%.
A number of equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Centurylink from $21.60 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Moffett Nathanson restated a “sell” rating and issued a $23.00 price target on shares of Centurylink in a research report on Wednesday, August 22nd. Royal Bank of Canada boosted their price target on shares of Centurylink to $27.00 and gave the company an “outperform” rating in a research report on Thursday, August 16th. Barclays reaffirmed a “hold” rating and issued a $21.00 target price on shares of Centurylink in a research note on Friday, August 10th. Finally, Zacks Investment Research raised shares of Centurylink from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Centurylink currently has a consensus rating of “Hold” and a consensus target price of $21.46.
In other Centurylink news, Director Glen F. Post III sold 150,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $24.00, for a total value of $3,600,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.
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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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