Centurylink (NYSE:CTL) issued its earnings results on Wednesday. The technology company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03, Bloomberg Earnings reports. Centurylink had a return on equity of 4.94% and a net margin of 6.92%. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period last year, the business posted $0.46 EPS. The company’s revenue was up 44.3% compared to the same quarter last year.
Centurylink opened at $20.97 on Friday, MarketBeat Ratings reports. The firm has a market capitalization of $20.11 billion, a PE ratio of 14.27, a PEG ratio of -13.38 and a beta of 0.80. Centurylink has a 1 year low of $13.16 and a 1 year high of $22.03. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.58.
Several analysts have commented on CTL shares. TheStreet upgraded Centurylink from a “c+” rating to a “b” rating in a research note on Friday, July 6th. Bank of America set a $27.00 target price on Centurylink and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group upgraded Centurylink from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. ValuEngine downgraded Centurylink from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Barclays reiterated a “hold” rating and set a $21.00 target price on shares of Centurylink in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Centurylink has a consensus rating of “Hold” and a consensus price target of $21.13.
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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