Shares of CenturyLink, Inc. (NYSE:CTL) opened at 24.43 on Thursday. The stock has a 50 day moving average price of $25.12 and a 200 day moving average price of $26.63. The firm has a market cap of $13.36 billion, a PE ratio of 14.40 and a beta of 0.83. CenturyLink, Inc. has a 52 week low of $22.86 and a 52 week high of $33.45.
CenturyLink, Inc. (NYSE:CTL) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.10-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.27. The company issued revenue guidance of $17.05-17.3 billion, compared to the consensus revenue estimate of $17.21 billion.CenturyLink also updated its Q1 guidance to $0.51-0.57 EPS.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The company earned $4.29 billion during the quarter, compared to analysts’ expectations of $4.32 billion. CenturyLink had a net margin of 5.22% and a return on equity of 10.48%. CenturyLink’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. Equities analysts expect that CenturyLink, Inc. will post $2.47 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. Vetr upgraded CenturyLink from a buy rating to a strong-buy rating and set a $27.84 price target for the company in a research report on Wednesday. Macquarie reissued a neutral rating and set a $30.00 price objective on shares of CenturyLink in a research note on Thursday, December 29th. Oppenheimer Holdings, Inc. raised CenturyLink from a market perform rating to an outperform rating and set a $30.00 price objective for the company in a research note on Tuesday, November 8th. Jefferies Group LLC reissued a sell rating and set a $20.00 price objective (down previously from $24.00) on shares of CenturyLink in a research note on Tuesday, November 1st. Finally, Zacks Investment Research lowered CenturyLink from a strong-buy rating to a hold rating in a research note on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $28.52.
CenturyLink Company Profile
CenturyLink, Inc is a United States-based integrated communications company, which is engaged in providing a range of communications services to its residential and business customers. The Company operates through two segments: Business, which includes provision of 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 includes provision of strategic and legacy products and services to residential customers.