CenturyLink, Inc. (CTL) Debt Trading 1.8% Lower

An issue of CenturyLink, Inc. (NYSE:CTL) bonds fell 1.8% as a percentage of their face value during trading on Tuesday. The high-yield issue of debt has a 5.625% coupon and is set to mature on April 1, 2025. The bonds in the issue are now trading at $87.00 and were trading at $93.38 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

Several equities research analysts recently issued reports on CTL shares. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 price target on shares of CenturyLink in a research report on Wednesday, November 1st. Barclays PLC dropped their price target on CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC dropped their price target on CenturyLink to $17.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.07.

CenturyLink, Inc. (NYSE:CTL) opened at $14.40 on Wednesday. CenturyLink, Inc. has a 52 week low of $14.31 and a 52 week high of $27.61. The stock has a market capitalization of $8,425.51, a price-to-earnings ratio of 7.90, a PEG ratio of -4.81 and a beta of 0.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92.

CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the company posted $0.56 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. research analysts expect that CenturyLink, Inc. will post 1.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 15.00%. CenturyLink’s payout ratio is 372.42%.

Several large investors have recently added to or reduced their stakes in CTL. Vanguard Group Inc. grew its stake in shares of CenturyLink by 22.6% in the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after purchasing an additional 10,583,246 shares in the last quarter. Capital World Investors bought a new position in shares of CenturyLink in the second quarter worth $142,086,000. Standard Life Investments LTD bought a new position in shares of CenturyLink in the second quarter worth $112,613,000. Fiduciary Management Inc. WI bought a new position in shares of CenturyLink in the second quarter worth $86,411,000. Finally, Samlyn Capital LLC bought a new position in shares of CenturyLink in the second quarter worth $80,290,000. 81.74% of the stock is owned by institutional investors.

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CenturyLink Company Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides 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 provides strategic and legacy products and services to residential customers.

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