Centurylink (CTL) Receives News Sentiment Rating of 0.28

Media coverage about Centurylink (NYSE:CTL) has been trending positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Centurylink earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.2566138057402 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s analysis:

Several equities research analysts recently commented on the stock. UBS Group dropped their price target on shares of Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Oppenheimer restated a “buy” rating and issued a $20.00 price target on shares of Centurylink in a research report on Tuesday, January 9th. Bank of America lowered their price objective on shares of Centurylink from $42.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Cowen reiterated a “hold” rating and issued a $24.00 price objective on shares of Centurylink in a research note on Thursday, October 19th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $16.00 price objective on shares of Centurylink in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.37.

Centurylink (NYSE CTL) traded down $0.03 on Friday, reaching $17.31. 18,144,882 shares of the company’s stock were exchanged, compared to its average volume of 16,100,000. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92. The stock has a market cap of $18,500.00, a P/E ratio of 29.84, a price-to-earnings-growth ratio of -7.73 and a beta of 0.79. Centurylink has a 1 year low of $13.16 and a 1 year high of $27.61.

Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Centurylink had a return on equity of 7.99% and a net margin of 1.89%. Centurylink’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. sell-side analysts forecast that Centurylink will post 1.56 EPS for the current fiscal year.

In related news, COO Jeffrey K. Storey purchased 71,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $14.30 per share, for a total transaction of $1,015,300.00. Following the completion of the transaction, the chief operating officer now directly owns 2,498,668 shares in the company, valued at approximately $35,730,952.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Glen F. Post III purchased 50,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were bought at an average price of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 150,595 shares of company stock worth $2,154,131. Insiders own 0.61% of the company’s stock.

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About Centurylink

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.

Insider Buying and Selling by Quarter for Centurylink (NYSE:CTL)

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