Economy

CenturyLink's (CTL) Hold Rating Reiterated at Jefferies Group LLC

CenturyLink's (CTL) Hold Rating Reiterated at Jefferies Group LLC”

CenturyLink to offer more than $1.4 million in grants to help support technology in the classroom. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. Tredje AP fonden raised its position in CenturyLink by 47.1% during the second quarter. LLC now owns 9,202 shares of the technology company's stock worth $220,000 after purchasing an additional 99 shares in the last quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company's stock worth $316,000 after purchasing an additional 93 shares in the last quarter. Synovus Financial Corp raised its position in CenturyLink by 20.3% during the second quarter.

According to Finviz reported data, The SMA20 of the stock is at 5.55 percent, SMA50 is -1.43 percent, while SMA200 is -14.76 percent. Finally, Fiduciary Management Inc. FNY Managed Accounts LLC purchased a new position in CenturyLink during the 1st quarter valued at about $120,000. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information. Royal Bank Of Canada restated a "hold" rating and set a $25.00 price objective on shares of CenturyLink in a research note on Monday, September 18th. Of the analysts who provided ratings, 8 rated the company a Hold, 2 rated it a Strong Sell, 1 rated it a Moderate Buy, and 4 rated it a Strong Buy. Zacks Investment Research lowered shares of CenturyLink from a "hold" rating to a "strong sell" rating in a report on Friday, August 25th. Finally, Cowen and Company restated a neutral rating on shares of CenturyLink in a research report on Monday, August 14th.

CTL has been the subject of a number of other research reports. The company has an average rating of "Hold" and a consensus price target of $25.55.

CenturyLink, Inc. (CTL) now has a Return on Assets (ROA) value of 0.8 Percent. "(CTL) Stock Rating Reaffirmed by Jefferies Group LLC" was posted by Equities Focus and is the sole property of of Equities Focus. The correct version of this news story can be read at https://stocknewstimes.com/2017/10/06/capital-world-investors-takes-142-09-million-position-in-centurylink-inc-ctl.html. CenturyLink has a 12-month low of $18.17 and a 12-month high of $33.45.

CenturyLink, Inc. (NYSE:CTL) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The 20-day RSI for CTL is 50.87%, which suggests that the stock is not particularly expensive or cheap, and not predisposed to a reactive price movement based on this measure. CenturyLink, Inc. The stock has a market cap of $11.00 billion, a P/E ratio of 29.01 and a beta of 0.89.

CenturyLink, Inc. (CTL) is expected to publicly release its next quarterly financial results before the market open on 10/30/17. The Return on Equity ratio of CenturyLink, Inc. The firm's revenue was down 7.0% on a year-over-year basis. On average, analysts expect that CenturyLink will post $1.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th.

Shares of CenturyLink (NYSE:CTL) traded up 0.274% during trading on Tuesday, hitting $20.145. This represents a $2.16 annualized dividend and a dividend yield of 10.79%. The ex-dividend date was Thursday the 31st of August 2017. CenturyLink, Inc. (NYSE:CTL)'s short interest is 115.24 million shares, or 21.21% of the float. The Company is engaged in providing an array of communications services to its residential and business customers.



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