CenturyLink, Inc. (NYSE:CTL) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday, October 17th.
A number of other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Deutsche Bank AG dropped their price objective on shares of CenturyLink from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Barclays PLC lowered their price target on shares of CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $22.00 price target on shares of CenturyLink in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research report on Monday, September 18th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.79.
Shares of CenturyLink (CTL) traded down $0.04 on Tuesday, reaching $16.33. 6,994,154 shares of the company traded hands, compared to its average volume of 16,307,693. The firm has a market capitalization of $8,997.10, a PE ratio of 7.87, a price-to-earnings-growth ratio of -4.18 and a beta of 0.88. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.90 and a quick ratio of 0.90. CenturyLink has a fifty-two week low of $16.31 and a fifty-two week high of $27.61.
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A number of institutional investors have recently made changes to their positions in the stock. Tredje AP fonden increased its position in shares of CenturyLink by 47.1% during the second quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock valued at $2,370,000 after buying an additional 31,767 shares during the period. Swiss National Bank boosted its stake in CenturyLink by 0.5% in the second quarter. Swiss National Bank now owns 1,902,241 shares of the technology company’s stock worth $45,426,000 after buying an additional 9,400 shares in the last quarter. Synovus Financial Corp boosted its stake in CenturyLink by 20.3% in the second quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock worth $5,242,000 after buying an additional 36,937 shares in the last quarter. Front Street Capital Management Inc. boosted its stake in CenturyLink by 94.2% in the second quarter. Front Street Capital Management Inc. now owns 95,448 shares of the technology company’s stock worth $2,279,000 after buying an additional 46,305 shares in the last quarter. Finally, Fiduciary Management Inc. WI purchased a new stake in shares of CenturyLink during the second quarter valued at approximately $86,411,000. Institutional investors and hedge funds own 82.51% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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