Centurylink (CTL) Hits New 1-Year Low at $13.88

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Centurylink Inc (NYSE:CTL)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $13.88 and last traded at $14.05, with a volume of 10806097 shares changing hands. The stock had previously closed at $14.35.

A number of brokerages have commented on CTL. TheStreet cut Centurylink from a “b-” rating to a “c+” rating in a report on Friday, January 4th. Zacks Investment Research raised Centurylink from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, December 6th. ValuEngine cut Centurylink from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. Moffett Nathanson set a $16.00 target price on Centurylink and gave the company a “sell” rating in a report on Monday, November 19th. Finally, Oppenheimer reduced their target price on Centurylink from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, November 9th. Seven equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.12.

The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $15.36 billion, a PE ratio of 9.67, a P/E/G ratio of -7.76 and a beta of 0.87.

Centurylink (NYSE:CTL) last posted its quarterly earnings results on Thursday, November 8th. The technology company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.88 billion. Centurylink had a return on equity of 4.45% and a net margin of 7.81%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. Analysts forecast that Centurylink Inc will post 1.15 EPS for the current fiscal year.

In other news, EVP Scott Trezise sold 53,164 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $18.88, for a total value of $1,003,736.32. Following the completion of the sale, the executive vice president now directly owns 187,867 shares in the company, valued at $3,546,928.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven T. Clontz purchased 8,207 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was bought at an average price of $17.20 per share, with a total value of $141,160.40. Following the completion of the transaction, the director now directly owns 178,970 shares of the company’s stock, valued at $3,078,284. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Centurylink by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 20,939,352 shares of the technology company’s stock worth $443,913,000 after acquiring an additional 101,260 shares during the period. Dimensional Fund Advisors LP grew its position in Centurylink by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 13,175,898 shares of the technology company’s stock worth $279,294,000 after acquiring an additional 358,615 shares during the period. Morgan Stanley grew its position in Centurylink by 8.2% in the third quarter. Morgan Stanley now owns 7,230,528 shares of the technology company’s stock worth $153,286,000 after acquiring an additional 549,930 shares during the period. Beck Mack & Oliver LLC grew its position in Centurylink by 3.9% in the third quarter. Beck Mack & Oliver LLC now owns 6,469,678 shares of the technology company’s stock worth $137,157,000 after acquiring an additional 241,858 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Centurylink by 8.6% in the third quarter. Epoch Investment Partners Inc. now owns 6,421,568 shares of the technology company’s stock worth $136,137,000 after acquiring an additional 510,062 shares during the period. Institutional investors and hedge funds own 75.01% of the company’s stock.

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Centurylink Company Profile (NYSE:CTL)

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

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