The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. The 13 stock analysts who cover the stock have an average PT at $29.92, with individual targets in the range of $24 to $42. There was another key research note provided by Morgan Stanley on Monday July 18, 2016.
Let's have a look at some of the important valuation ratios of the CenturyLink, Inc.
Sell-side analyst recommendations point to a short term price target of $30.36 on the shares of CenturyLink, Inc. Jefferies Group reiterated a "sell" rating on shares of CenturyLink in a report on Friday, September 2nd.
One Month Ago Analyst Ratings: The Company has received mean Analyst rating of 2.94 from polled analysts at Reuters One Month Ago. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. They issued a "neutral" rating and a $31.00 target price for the company. The stock has recently been recorded at -7.85% away from the 52 week high and 48.69% away from the 52 week low. (NYSE:CTL) beats earnings by 83%, The Stock Missed Earnings 2 times and has met earnings 0 times. The analysts estimated sales for the higher end at 4425.7 million and lower end at 4351 million while the year ago reported sale was 4454.53 million. CenturyLink's 50-day moving average is $27.71 and its 200-day moving average is $28.85. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of US and worldwide copyright law.
Earnings Estimates: "13" Analysts are saying that the company to announce quarterly earnings of 0.64$ per share for current quarter period Quarter Ending Dec-16. The Return on Equity (ROE) value stands at 6.9%. The reported earnings topped the analyst's consensus by $0.03 with the surprise factor of 5.00%. CenturyLink's revenue for the quarter was down 3.8% compared to the same quarter a year ago. CenturyLink, Inc. got Downgrade on 28-Oct-16 where investment firm Raymond James Downgrade the stock from Outperform to Mkt Perform.
Several hedge funds and other institutional investors have recently modified their holdings of CTL. Northwestern Mutual Investment Management Company LLC increased its position in CenturyLink by 0.3% in the second quarter. Following the completion of the sale, the director now owns 77,607 shares of the company's stock, valued at $2,522,227.50. Washington Trust Bank increased its position in CenturyLink by 1.6% in the third quarter. According to the latest information available, the market cap of the company is $16,592 M. Finally, Acrospire Investment Management LLC boosted its stake in shares of CenturyLink by 82.4% in the second quarter. After trading began at $26.50, the stock was seen striking at $26.50 as its peak price and $24.88 as its lowest price. Assetmark Inc has 0.14% invested in the company for 283,515 shares. Vanguard Group Inc. raised its position in shares of CenturyLink by 5.0% in the second quarter. It has a profit margin of 5.50% that exhibits the company's weekly performance at -12.23% *.
Present Consensus Recommendation for CENTURYLINK, INC. Specifically, Director Harvey P. Perry sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, October 27th. The number of shares now owned by investors are 549.83 mln.
05/03/2016 - CenturyLink, Inc. was downgraded to "market perform" by analysts at Wells Fargo. The Company is engaged in providing an array of communications services to residential and business customers.