Breaking: CenturyLink Inc (NYSE:CTL) Buy Rating Reiterated by Analysts at Merrill Lynch Today; The Target is Set to $27.0000

May 17, 2018 - By Thomas Roop

CenturyLink, Inc. (NYSE:CTL) Logo

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

Mitsubishi Ufj Trust Corporation invested in 1.98M shares. Snow L P invested in 0.23% or 311,604 shares. Covington stated it has 4,081 shares or 0% of all its holdings. Rudman Errol M holds 2.95% in CenturyLink, Inc. (NYSE:CTL) or 364,841 shares. Barclays Public Limited Com reported 0.07% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Hartford Fincl Management Inc has invested 0% in CenturyLink, Inc. (NYSE:CTL). Gotham Asset Mgmt Ltd Liability reported 1.25M shares or 0.3% of all its holdings. Groesbeck Inv Mgmt Nj owns 95,150 shares. 13,242 are owned by Personal Cap Advsrs Corp. Nebraska-based Ameritas Inv has invested 0.02% in CenturyLink, Inc. (NYSE:CTL). Fjarde Ap accumulated 258,643 shares. Gilman Hill Asset Mgmt Limited Liability Corporation stated it has 308,115 shares. Connecticut-based Cubist Systematic Strategies Lc has invested 0.07% in CenturyLink, Inc. (NYSE:CTL). Paloma Prns Mgmt holds 17,479 shares. Clearbridge Invs Ltd Liability has 996 shares.

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

CenturyLink Inc (NYSE:CTL) Rating Reaffirmed

New York: In analysts note released on Wednesday, 16 May, Merrill Lynch restate their Buy rating on CenturyLink Inc (NYSE:CTL) shares. They now have a $27.0000 TP on the firm. Merrill Lynch’s target suggests a potential upside of 40.19 % from the company’s previous stock close.

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. Barclays Capital upgraded CenturyLink, Inc. (NYSE:CTL) on Friday, December 15 to “Equal-Weight” rating. The company was upgraded on Thursday, January 25 by RBC Capital Markets. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, December 13. Bank of America maintained the shares of CTL in report on Wednesday, February 21 with “Buy” rating. On Monday, January 8 the stock rating was upgraded by Goldman Sachs to “Neutral”. The rating was maintained by Cowen & Co on Thursday, February 15 with “Hold”.

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 earnings per share, 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 earnings per share 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 -1.2% as Macquarie downgrades to Underperform” on May 16, 2018, also Seekingalpha.com published article titled: “CenturyLink: Streamlining A Fat Dividend”, 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: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” with publication date: May 10, 2018.

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

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