Is CenturyLink (NYSE:CTL) Now a Sell? Why did Macquarie Downgrade The Stock?

May 16, 2018 - By Vivian Park

CenturyLink, Inc. (NYSE:CTL) Logo

Investors sentiment increased to 1.99 in Q4 2017. Its up 1.04, from 0.95 in 2017Q3. It improved, 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.

Brown Advisory Incorporated invested in 11,466 shares. Frontfour Gru Ltd Co has invested 2.92% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Amer Research And Mngmt Co reported 0.01% in CenturyLink, Inc. (NYSE:CTL). Guardian Life Ins Of America stated it has 3,146 shares or 0.01% of all its holdings. Hancock accumulated 31,089 shares. Platinum Inv Management Limited accumulated 412,151 shares. Neuberger Berman Grp Inc Limited Company owns 102,862 shares. Pacad Investment Ltd holds 0% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 700 shares. Lingohr And Partner Asset Gmbh has invested 0.4% in CenturyLink, Inc. (NYSE:CTL). Lourd Cap Ltd Limited Liability Company has invested 0.01% in CenturyLink, Inc. (NYSE:CTL). Sandy Spring National Bank & Trust has invested 0% in CenturyLink, Inc. (NYSE:CTL). Amf Pensionsforsakring holds 982,389 shares. Kepos Capital Limited Partnership invested 0.41% in CenturyLink, Inc. (NYSE:CTL). Sequoia Financial Advisors Limited Liability Com reported 287,282 shares. Kentucky Retirement Ins Trust Fund reported 0.07% of its portfolio in CenturyLink, Inc. (NYSE:CTL).

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

CenturyLink (NYSE:CTL) Receives a Downgrade

The old rating for CenturyLink (NYSE:CTL) shares of a Neutral has been discontinued, as expert analysts at Macquarie decreased the current rating for CenturyLink (NYSE:CTL) shares to a Underperform.

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 7.64% above currents $19.25 stock price. CenturyLink had 7 analyst reports since December 13, 2017 according to SRatingsIntel. Cowen & Co maintained CenturyLink, Inc. (NYSE:CTL) on Thursday, February 15 with “Hold” rating. Barclays Capital upgraded the shares of CTL in report on Friday, December 15 to “Equal-Weight” rating. The firm earned “Buy” rating on Wednesday, February 21 by Bank of America. The stock of CenturyLink, Inc. (NYSE:CTL) has “Outperform” rating given on Thursday, January 25 by RBC Capital Markets. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, December 13. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, January 8 report.

The stock decreased 0.62% or $0.12 during the last trading session, reaching $19.25. About 2.97 million shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 16, 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 $226.57 million for 22.92 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 $20.77 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 notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “CenturyLink -1.2% as Macquarie downgrades to Underperform” on May 16, 2018, also Seekingalpha.com with their article: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” published on May 10, 2018, Streetinsider.com published: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” published on May 16, 2018 as well as Fool.com‘s news article titled: “Is CenturyLink, Inc. a Buy?” with publication date: April 30, 2018.

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

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