Centurylink (CTL) Earns Daily Media Sentiment Score of 0.04

Gladys Abbott
May 29, 2017

The 50 day moving average of Centurylink CTL (NYSE:CTL) is 24.44 whilst its 200 day moving average is 24.65.

Receive Centurylink CTL News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centurylink CTL with MarketBeat.com's FREE daily email newsletter. The highest sales estimate is $4.13 billion and the lowest is $4.07 billion.

Cummins Inc. (CMI) have shown a high EPS growth of -3.10% in the last 5 years and has earnings decline of 5.00% yoy. The firm's revenue was down 4.4% compared to the same quarter previous year. For the next year, analysts forecast that the firm will report sales of $16.39 billion per share, with estimates ranging from $15.98 billion to $16.95 billion. On average, equities research analysts anticipate that Centurylink Inc will post $2.12 EPS for the current year.

Centurylink Inc (NYSE:CTL) updated its second quarter earnings guidance on Wednesday. The technology company reported $0.52 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.01. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.27 billion. Centurylink had a net margin of 3.58% and a return on equity of 9.58%. Centurylink's quarterly revenue was down 4.4% on a year-over-year basis. During the same period past year, the company posted $0.71 earnings per share.

CTL has been the subject of a number of recent analyst reports. The stock notched a 12-month high of $27.62 while $42.00 target is by far the most aggressive out of analysts who are now evaluating the company, $14.38 higher than the next highest 52-week price estimate. Zacks Investment Research downgraded shares of Centurylink from a "buy" rating to a "hold" rating in a research report on Friday, May 5th. Bank of America Corp reaffirmed a "buy" rating on shares of Centurylink in a report on Tuesday, May 9th. Jefferies Group LLC reduced their price target on shares of Centurylink from $26.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, May 4th. Goldman Sachs Group Inc reissued a "sell" rating and issued a $19.00 target price on shares of Centurylink in a research note on Saturday, March 25th. Finally, Morgan Stanley reiterated an overweight rating and issued a $27.00 price objective on shares of Centurylink in a report on Wednesday, March 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to this price target, it now means the analyst believes there is a potential increase of 66.67% from the company's current share price of 25.2.

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CenturyLink, Inc is an integrated communications company.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Markets Daily and is owned by of Markets Daily. Comparatively, CTL posted earnings of $0.61 per share in the same quarter, a year earlier.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend.

CenturyLink, Inc. (CTL) stock price fell -11.27 percent over the past one year, while increased 3.6 percent during the past 6 months. The company's market cap is $14.76 Billion, and the average volume is 9.51 Million. Oregon Public Employees Retirement Fund now owns 133,102 shares of the technology company's stock worth $3,137,000 after buying an additional 7,500 shares during the last quarter. LLC's holdings in Centurylink were worth $1,258,000 at the end of the most recent quarter. Finally, RidgeWorth Capital Management LLC boosted its position in shares of Centurylink by 57,816.5% in the fourth quarter.

The number of shares traded in the last trading session was 8.67 Million. FMR LLC boosted its position in shares of Centurylink by 53.3% in the fourth quarter. Tocqueville Asset Management L.P. now owns 87,962 shares of the technology company's stock worth $2,413,000 after buying an additional 2,108 shares during the last quarter. Norges Bank bought a new position in shares of Centurylink during the fourth quarter worth about $86,191,000. Stock traders bought 17,181 call options on the stock.

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