Oppenheimer reissued their buy rating on shares of Centurylink (NYSE:CTL) in a research report sent to investors on Tuesday morning. The firm currently has a $20.00 price target on the technology company’s stock. Oppenheimer also issued estimates for Centurylink’s FY2018 earnings at $1.39 EPS.
Several other equities analysts have also recently commented on the company. Bank of America reduced their target price on Centurylink from $42.00 to $27.00 and set a buy rating for the company in a research note on Friday, November 10th. Deutsche Bank reiterated a hold rating and set a $16.00 target price on shares of Centurylink in a research note on Thursday, November 9th. Zacks Investment Research upgraded Centurylink from a sell rating to a hold rating in a research note on Friday, October 13th. SunTrust Banks reiterated a hold rating and set a $25.00 target price on shares of Centurylink in a research note on Wednesday, November 1st. Finally, Cowen reiterated a hold rating and set a $24.00 target price on shares of Centurylink in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Centurylink has a consensus rating of Hold and an average price target of $22.37.
Centurylink (NYSE CTL) traded down $0.11 during trading on Tuesday, hitting $17.36. The stock had a trading volume of 11,500,200 shares, compared to its average volume of 16,840,000. The stock has a market cap of $18,560.00, a PE ratio of 29.93, a P/E/G ratio of -7.59 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. Centurylink has a 12 month low of $13.16 and a 12 month high of $27.61.
In other news, CEO Glen F. Post III purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $14.17 per share, with a total value of $708,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William Bruce Hanks purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $14.41 per share, for a total transaction of $144,100.00. Following the completion of the transaction, the insider now owns 58,722 shares in the company, valued at approximately $846,184.02. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 150,595 shares of company stock worth $2,154,131. Corporate insiders own 0.61% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Capital Insight Partners LLC acquired a new stake in Centurylink in the fourth quarter worth $1,751,000. Hexavest Inc. increased its position in Centurylink by 0.9% in the fourth quarter. Hexavest Inc. now owns 1,486,789 shares of the technology company’s stock worth $24,800,000 after buying an additional 13,110 shares during the period. Nisa Investment Advisors LLC increased its position in Centurylink by 70.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 214,524 shares of the technology company’s stock worth $3,578,000 after buying an additional 88,381 shares during the period. DnB Asset Management AS increased its position in Centurylink by 84.7% in the fourth quarter. DnB Asset Management AS now owns 105,627 shares of the technology company’s stock worth $1,762,000 after buying an additional 48,427 shares during the period. Finally, Exxonmobil Investment Management Inc. TX increased its position in Centurylink by 54.1% in the fourth quarter. Exxonmobil Investment Management Inc. TX now owns 154,678 shares of the technology company’s stock worth $2,580,000 after buying an additional 54,312 shares during the period. 82.32% of the stock is currently owned by institutional investors and hedge funds.
Centurylink Company Profile
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.
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