Reaffirmed: CenturyLink Inc (NYSE:CTL) “Buy” Rating Reconfirmed at Merrill Lynch; $27.0000 Target in Place

May 17, 2018 - By Winifred Garcia

CenturyLink, Inc. (NYSE:CTL) Logo

Investors sentiment increased to 1.99 in 2017 Q4. Its up 1.04, from 0.95 in 2017Q3. It increased, as 78 investors sold CenturyLink, Inc. shares while 110 reduced holdings. 118 funds opened positions while 256 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported.

State Of Alaska Department Of Revenue has 122,751 shares for 0.05% of their portfolio. Old Point Tru Financial Svcs N A holds 0.62% or 68,796 shares. Milestone Grp Incorporated invested in 17,925 shares or 0.05% of the stock. Davidson Kempner Cap Management L P holds 129,210 shares. Dreman Value L L C holds 7,600 shares. Keybank National Association Oh holds 0% or 14,560 shares. State Board Of Administration Of Florida Retirement has invested 0.07% in CenturyLink, Inc. (NYSE:CTL). Gilman Hill Asset Mngmt Lc, a Connecticut-based fund reported 308,115 shares. Nippon Life Invsts Americas invested in 166,010 shares or 0.22% of the stock. Credit Limited Liability reported 105,000 shares. Parkwood Ltd Liability Co accumulated 12,211 shares. Visionary Asset Management holds 0.61% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 132,380 shares. Swiss Bank invested in 3.55 million shares or 0.06% of the stock. 71.49M were reported by Southeastern Asset Inc Tn. Oakbrook Investments Ltd Liability Co stated it has 0.04% in CenturyLink, Inc. (NYSE:CTL).

Since April 3, 2018, it had 2 insider purchases, and 0 sales for $215.07 million activity.

CenturyLink Inc (NYSE:CTL) Rating Reaffirmed

CenturyLink Inc (NYSE:CTL) just had their share rating of a ‘”Buy”‘ issued by research analysts at Merrill Lynch, who now has a $27.0000 TP on the $20.78 billion market cap company or a 40.19 % upside potential. This key information was shown in a report on Wednesday morning.

CenturyLink, Inc. (NYSE:CTL) Ratings Coverage

Among 7 analysts covering CenturyLink (NYSE:CTL), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. CenturyLink has $27.0 highest and $17 lowest target. $20.72’s average target is 7.58% above currents $19.26 stock price. CenturyLink had 7 analyst reports since December 13, 2017 according to SRatingsIntel. The stock of CenturyLink, Inc. (NYSE:CTL) has “Overweight” rating given on Wednesday, December 13 by Morgan Stanley. The firm earned “Equal-Weight” rating on Friday, December 15 by Barclays Capital. The company was maintained on Wednesday, February 21 by Bank of America. The firm has “Neutral” rating by Goldman Sachs given on Monday, January 8. On Thursday, February 15 the stock rating was maintained by Cowen & Co with “Hold”. On Thursday, January 25 the stock rating was upgraded by RBC Capital Markets to “Outperform”.

The stock decreased 0.57% or $0.11 during the last trading session, reaching $19.26. About 8.62M shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 17, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on August, 1. They expect $0.21 EPS, down 54.35 % or $0.25 from last year’s $0.46 per share. CTL’s profit will be $226.57M for 22.93 P/E if the $0.21 EPS becomes a reality. After $0.25 actual EPS reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -16.00 % negative EPS growth.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental clients in the United States. The company has market cap of $20.78 billion. It operates through two divisions, Business and Consumer. It has a 8.71 P/E ratio. The firm offers broadband services, which allow clients to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites.

More important recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “CenturyLink: Streamlining A Fat Dividend” on May 16, 2018, also Seekingalpha.com published article titled: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt”, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” on May 16, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) was released by: Seekingalpha.com and their article: “CenturyLink -1.2% as Macquarie downgrades to Underperform” with publication date: May 16, 2018.

CenturyLink, Inc. (NYSE:CTL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.