Centurylink (NYSE:CTL) announced its earnings results on Wednesday. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14), Bloomberg Earnings reports. Centurylink had a return on equity of 7.99% and a net margin of 1.89%. During the same quarter last year, the business posted $0.54 EPS.
Shares of Centurylink (NYSE CTL) traded up $1.00 on Thursday, hitting $18.58. 6,563,073 shares of the company’s stock were exchanged, compared to its average volume of 12,001,796. The firm has a market cap of $19,980.00, a price-to-earnings ratio of 32.03, a PEG ratio of -7.50 and a beta of 0.82. Centurylink has a 52 week low of $13.16 and a 52 week high of $27.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.
A number of analysts recently issued reports on the stock. ValuEngine lowered shares of Centurylink from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Oppenheimer decreased their target price on shares of Centurylink from $28.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. JPMorgan Chase & Co. restated a “buy” rating and set a $26.00 target price on shares of Centurylink in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Centurylink from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, UBS Group decreased their target price on shares of Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Centurylink currently has a consensus rating of “Hold” and a consensus target price of $22.37.
TRADEMARK VIOLATION NOTICE: “Centurylink (CTL) Announces Earnings Results, Misses Expectations By $0.14 EPS” was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2018/02/15/centurylink-ctl-announces-earnings-results-misses-expectations-by-0-14-eps.html.
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 Enterprise, 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.
Receive News & Ratings for Centurylink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centurylink and related companies with MarketBeat.com's FREE daily email newsletter.