CenturyLink, Inc. (NYSE:CTL) registered a -0.38% decrease, still its new closing price is 16.04% up from the company’s 1 year high of 32.73.It posted 1.56% gains in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 15 stock analysts following this company have an average price target at $28.58, with individual PT in the $22.00-$42.00 range. The shares moved at $25.96, implying that brokerage firms see shares gaining about 13.11% in twelve months time.
CenturyLink, Inc. (CTL) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 9.17% rise year to date. A EVP, Chief Technology Officer at CenturyLink, Inc. (CTL) acquired shares in a transaction closed on Thursday November 10, 2016. Hussain Aamir bought 14,580 shares in the company at $24 each and collected $349,001 in proceeds. Hussain Aamir now owns 179,075 shares in the company after this transaction. A Director in the company, OWENS WILLIAM ARTHUR, disclosed a transaction on Monday November 07, 2016 that ended up paying $999,000 from the purchase of 42,800 shares at $23.35 per share.
CenturyLink, Inc. (NYSE:CTL) Upcoming Results on Tap
CenturyLink, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.57 in that period. Sales during the quarter are predicted to arrive at $4.31 billion.
Earnings surprise history: Last quarter, the company posted approximately $4.38 billion in revenue and EPS of $0.56. The mean forecast was for $4.38 billion and $0.55 a share, respectively. One quarter earlier, revenue for the stock was at $4.4 billion, with earnings at $0.63/share.
CenturyLink, Inc. (CTL) Brokerage Update
CenturyLink, Inc. (CTL) is in Jefferies’s research list so their analyst rating change is noteworthy. These shares were upgraded to Hold from Underperform by Jefferies, according to news reported on Wednesday January 25, 2017.Another important research note was issued by JP Morgan on Tuesday January 03, 2017.The firm upgraded CTL to Overweight from Neutral. Over the last six months and over the last three months, the shares of CenturyLink, Inc. (CTL), have changed -12.30% and -6.10%, respectively.