CenturyLink (NYSE:CTL) Loses Neutral Rating

May 16, 2018 - By Ruby Caswell

CenturyLink, Inc. (NYSE:CTL) Logo

Investors sentiment increased to 1.99 in 2017 Q4. Its up 1.04, from 0.95 in 2017Q3. It is positive, as 78 investors sold CenturyLink, Inc. shares while 110 reduced holdings. 118 funds opened positions while 256 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported.

Da Davidson & invested in 23,141 shares. Kentucky Retirement reported 59,989 shares. Ing Groep Nv holds 0.01% in CenturyLink, Inc. (NYSE:CTL) or 48,055 shares. M&T Fincl Bank reported 60,978 shares. Quantres Asset Mngmt Ltd holds 84,300 shares or 0.89% of its portfolio. Mark Sheptoff Fin Planning Ltd holds 0.01% or 500 shares. Pomelo Cap Ltd Com reported 128,400 shares. Virtus Invest Advisers holds 0.02% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 31,520 shares. National Asset Mgmt Inc, a New York-based fund reported 31,884 shares. Glenmede Trust Com Na reported 0% stake. Rampart Inv Lc holds 0.08% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 13,152 shares. Lorber David A reported 0.55% in CenturyLink, Inc. (NYSE:CTL). M Secs Incorporated has 0.09% invested in CenturyLink, Inc. (NYSE:CTL) for 23,000 shares. Kistler invested in 2,217 shares. Keybank Natl Association Oh owns 0% invested in CenturyLink, Inc. (NYSE:CTL) for 14,560 shares.

Since April 3, 2018, it had 2 insider purchases, and 0 selling transactions for $215.07 million activity.

CenturyLink (NYSE:CTL) Receives a Downgrade

Macquarie has downgraded the rating for shares of CenturyLink (NYSE:CTL) to a solid Underperform in analysts note released on Wednesday, 16 May. CTL’s previous rating by the firm was a Neutral.

CenturyLink, Inc. (NYSE:CTL) Ratings Coverage

Among 7 analysts covering CenturyLink (NYSE:CTL), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. CenturyLink has $27.0 highest and $17 lowest target. $20.72’s average target is 7.64% above currents $19.25 stock price. CenturyLink had 7 analyst reports since December 13, 2017 according to SRatingsIntel. Cowen & Co maintained the stock with “Hold” rating in Thursday, February 15 report. The rating was upgraded by Barclays Capital on Friday, December 15 to “Equal-Weight”. As per Thursday, January 25, the company rating was upgraded by RBC Capital Markets. The company was maintained on Wednesday, February 21 by Bank of America. The firm has “Overweight” rating given on Wednesday, December 13 by Morgan Stanley. The company was upgraded on Monday, January 8 by Goldman Sachs.

The stock decreased 0.62% or $0.12 during the last trading session, reaching $19.25. About 2.97 million shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 16, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on August, 1. They expect $0.21 EPS, down 54.35 % or $0.25 from last year’s $0.46 per share. CTL’s profit will be $226.57 million for 22.92 P/E if the $0.21 EPS becomes a reality. After $0.25 actual EPS reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -16.00 % negative EPS growth.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental clients in the United States. The company has market cap of $20.77 billion. It operates through two divisions, Business and Consumer. It has a 8.71 P/E ratio. The firm offers broadband services, which allow clients to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites.

More notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” on May 16, 2018, also Seekingalpha.com with their article: “CenturyLink -1.2% as Macquarie downgrades to Underperform” published on May 16, 2018, Fool.com published: “Is CenturyLink, Inc. a Buy?” on April 30, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: Streetinsider.com and their article: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” with publication date: May 10, 2018.

CenturyLink, Inc. (NYSE:CTL) Institutional Positions Chart

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