Published On: Fri, Sep 9th, 2016

CenturyLink Inc. (CTL) Shares Up 0.2%

CenturyLink Inc. (NYSE:CTL) shot up 0.2% during mid-day trading on Friday . The stock traded as high as $28.94 and last traded at $28.40, with a volume of 3,917,688 shares. The stock had previously closed at $28.35.
Several brokerages have issued reports on CTL. Morgan Stanley lowered CenturyLink from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Monday, July 18th. Vetr raised CenturyLink from a “sell” rating to a “hold” rating and set a $29.67 target price for the company in a research note on Tuesday, July 12th. Zacks Investment Research lowered CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Macquarie initiated coverage on CenturyLink in a research note on Monday, July 11th. They issued a “neutral” rating and a $31.00 target price for the company. Finally, RBC Capital Markets reissued a “sector perform” rating and issued a $31.00 target price (up previously from $29.00) on shares of CenturyLink in a research note on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $28.32.
The company has a market cap of $15.21 billion, a P/E ratio of 15.60 and a beta of 0.80. The firm has a 50 day moving average of $29.62 and a 200-day moving average of $29.78.

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CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company earned $440 billion during the quarter, compared to analyst estimates of $4.39 billion. CenturyLink had a return on equity of 11.02% and a net margin of 5.47%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. Analysts forecast that CenturyLink Inc. will post $2.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be given a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $2.16 annualized dividend and a yield of 7.75%. CenturyLink’s dividend payout ratio is currently 120.67%.
In other CenturyLink news, Director Harvey P. Perry sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $31.00, for a total value of $620,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services.

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