Are CenturyLink (NYSE:CTL) Shares Headed North? Barclays Issues Upgrade

Marco Green
December 17, 2017

Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 25% are positive.

Among 20 analysts covering Centurylink Inc. RBC Capital Markets maintained the stock with "Hold" rating in Sunday, September 17 report.

Grantham Mayo Van Otterloo & Company Ltd Liability reported 14,200 shares. Morgan Stanley has "Overweight" rating and $27 target. J P Morgan Chase & Co reiterated a "buy" rating and set a $26.00 target price on shares of CenturyLink in a report on Thursday, November 9th.

Twin Capital Management Inc. lifted its position in shares of CenturyLink, Inc. (NYSE:CTL) on Tuesday, May 3 to "Market Perform" rating. Citigroup maintained the shares of CTL in report on Friday, August 7 with "Neutral" rating. While talking about Performance of the Stock, CenturyLink, Inc. now has a Weekly performance of 21.03%, monthly performance percentage is 9.26 percent, Quarterly performance is -10.43 percent, 6 months performance shows a percent value of -37.85% and Yearly Performance is -31.44 percent. The rating was upgraded by Barclays Capital on Friday, December 15 to "Equal-Weight". As per Tuesday, December 13, the company rating was initiated by Suntrust Robinson. Beck Mack Oliver Ltd Limited Liability Company reported 29,000 shares. The shares were purchased at an average price of $14.30 per share, for a total transaction of $1,015,300.00. Visa Inc now has $257.78 billion valuation. Analyzing the last five market sessions, the stock was able to report 2.86% gains, thus going down by -39.98%, compared with its 200-day moving average of $3.78. Parametric Portfolio Associates Ltd Liability Corporation stated it has 2.62 million shares. (NYSE:CTL) news were published by: Prnewswire.com which released: "CenturyLink positioned as a Leader in Gartner Magic Quadrant for Managed ..." on December 05, 2017, also Seekingalpha.com with their article: "Centurylink's Turnaround Is Just Getting Started" published on December 06, 2017, Seekingalpha.com published: "All Aboard The Internet Highway" on December 15, 2017. It has outperformed by 3.59% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q2. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. State Of Wisconsin Inv Board has 0.03% invested in CenturyLink, Inc.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. The Miller Howard Investments Inc holds 349,999 shares with $8.36 million value, up from 105,000 last quarter.

The company now has an insider ownership of 0.4 Percent and Institutional ownership of 43.8 Percent. Finally, WealthPLAN Partners LLC boosted its stake in shares of CenturyLink by 5,660.0% during the 2nd quarter. It dived, as 67 investors sold CTL shares while 185 reduced holdings. Aqr Ltd Liability Co owns 0.02% invested in CenturyLink, Inc. (NYSE:CTL) by 35.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The New York-based M&R Capital Management Inc has invested 0.13% in the stock. Parkside Finance National Bank stated it has 389 shares. California State Teachers Retirement Systems accumulated 1.04M shares. 36,808 were reported by Strs Ohio. Weiss Multi reported 0.13% stake. (NYSE:CTL). Riggs Asset Managment reported 1 shares stake. (CTL) stock showed the move of 6.69% with the closing price of $16.75. About 4.32 million shares traded. Looking further out we can see that the stock has moved -30.74% over the year to date. It has underperformed by 24.32% the S&P500. The Company is engaged in providing an array of communications services to its residential and business customers. The company has market cap of $5.33 billion. It operates through two divisions, Business and Consumer. Companies with a high P/E ratio are typically growth stocks.

Investors sentiment decreased to 1 in Q2 2017. Daiwa invested in 0% or 15,592 shares. Wright Service has invested 0.18% in Visa Inc. (NYSE:CTL) to report earnings on February, 14. First Foundation Advisors holds 0.2% in CenturyLink, Inc. 2,292 were accumulated by Empirical Lc.

Shares of CenturyLink, Inc. (NYSE:CTL) for 104,964 shares. Lsv Asset Mngmt owns 0.03% invested in CenturyLink, Inc. Exane Derivatives holds 0% or 6,645 shares in its portfolio. Braun Stacey Assoc Inc invested in 0.02% or 10,125 shares. Raymond James holds 0.39% or 601,812 shares. The company has 1.06 value in price to sale ratio while price to book ratio was recorded as 0.70.

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