CenturyLink, Inc is a United States-based integrated communications company, which is engaged in providing a range of communications services to its residential and business customers. The Company operates through two segments: Business, which includes provision of 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 includes provision of strategic and legacy products and services to residential customers.
Several analysts recently weighed in on the company. SunTrust Banks, Inc. assumed coverage on CenturyLink in a report on Monday, December 12th. They set a hold rating and a $27.00 price target on the stock. Macquarie reaffirmed a neutral rating and issued a $30.00 price objective on shares of CenturyLink in a research report on Thursday, December 29th. Oppenheimer Holdings, Inc. raised CenturyLink from a market perform rating to an outperform rating and set a $30.00 price objective on the stock in a research report on Tuesday, November 8th. Zacks Investment Research raised CenturyLink from a sell rating to a hold rating in a research report on Thursday, October 13th. Finally, Cowen and Company set a $29.00 price objective on CenturyLink and gave the company a hold rating in a research report on Tuesday, December 20th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $28.52.
In other news, EVP Aamir Hussain acquired 14,580 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was acquired at an average cost of $24.00 per share, with a total value of $349,920.00. Following the completion of the purchase, the executive vice president now owns 179,075 shares of the company’s stock, valued at approximately $4,297,800. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by insiders.
CenturyLink Company Profile
CenturyLink, Inc. (NYSE:CTL) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.10-2.30 for the period, compared to the Thomson consensus estimate of $2.27. The company issued revenue guidance of $17.05-17.3 billion, compared to the consensus revenue estimate of $17.21 billion.CenturyLink also updated its Q1 guidance to $0.51-0.57 EPS.
CenturyLink, Inc. (NYSE:CTL) traded down 1.81% during midday trading on Wednesday, reaching $24.43. The company’s stock had a trading volume of 13,660,966 shares. CenturyLink, Inc. has a 1-year low of $22.86 and a 1-year high of $33.45. The stock’s 50-day moving average price is $25.11 and its 200 day moving average price is $26.65. The firm has a market capitalization of $13.36 billion, a PE ratio of 14.40 and a beta of 0.83.