29 May, 2017
Centurylink Inc (NYSE:CTL) opened at 24.95 on Tuesday. The Lower end of the earnings estimate is $0.46, while the higher end of the earnings estimate is $0.57. Centurylink's quarterly revenue was down 4.4% compared to the same quarter a year ago. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 2nd. CTL generated revenue of $4.39 Billion in the same quarter, one year ago. Similarly, full-year sales forecasts have ranged between $16.31B and $16.84B. Zacks Investment Research's sales calculations are a mean average based on a survey of sell-side analysts that cover Centurylink.
Centurylink Inc (NYSE:CTL) has grabbed the attention from analysts, when it saw a value decrease of -2.67 percent or -0.67 points in the last trading session. The company provided earnings per share guidance of $0.46 - $0.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.56.
The company's expected revenue in the current quarter to be 4.1 Billion, seeing a projected current quarter growth of -22.2%, and per annum growth estimates over the next 5 year period of around 1.03%. Centurylink Inc (NYSE:CTL) has a Return on Assets of 1.20%, which is key indicator of how profitable a company is relative to its total assets. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.49.
A number of research analysts recently issued reports on the company. Vetr upgraded shares of Centurylink from a "buy" rating to a "strong-buy" rating and set a $27.12 price target for the company in a research report on Monday, May 8th. Zacks Investment Research lowered Centurylink from a "buy" rating to a "hold" rating in a research report on Friday, May 5th. Bank of America Corp reaffirmed a "buy" rating on shares of Centurylink in a research report on Tuesday, May 9th. They issued a "neutral" rating and a $23.00 target price for the company. Cowen and Company set a $25.00 price objective on shares of Centurylink and gave the company a "market perform" rating in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock.
Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $26.29 on the stock, this valuation is based on 14 number of opinions with standard deviation of 5.33.
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Today there are 548,812,000 shares in issue of Centurylink CTL which are now trading at 25.2 which brings the business's market capitalisation to 13.83B Dollars. The most optimistic analyst sees the stock reaching $42 while the most conventional has $19 target price if we look at the price target with an optimistic approach it has upside potential of 72% from its recent closing price of $24.44.
CenturyLink, Inc. (CTL) stock price fell -11.27 percent over the past one year, while increased 3.6 percent during the past 6 months. The firm has a market capitalization of $13.41 billion, a PE ratio of 23.96 and a beta of 0.83.
Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Centurylink during the fourth quarter worth approximately $86,191,000. Alambic Investment Management L.P. boosted its position in Centurylink by 12.5% in the third quarter. Finally, RidgeWorth Capital Management LLC boosted its position in shares of Centurylink by 57,816.5% in the fourth quarter. Advisors Asset Management Inc. now owns 1,058,065 shares of the technology company's stock worth $29,023,000 after buying an additional 7,301 shares during the last quarter. During the same quarter past year, the company earned $0.71 earnings per share. The fund owned 53,372 shares of the technology company's stock after buying an additional 5,507 shares during the period.
