CenturyLink (NYSE:CTL) Receives Lower Rating From Macquarie. What’s The Reasoning Behind This Move?

May 16, 2018 - By Kenneth Lin

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.

Jane Street Gru Limited Co invested 0.03% of its portfolio in CenturyLink, Inc. (NYSE:CTL). State Board Of Administration Of Florida Retirement holds 1.47 million shares or 0.07% of its portfolio. Global X Mgmt Comm Limited Com has 459,389 shares. Tiverton Asset Ltd Liability Corporation accumulated 0.04% or 40,900 shares. Blackrock accumulated 71.84M shares. Glenmede Trust Na, a Pennsylvania-based fund reported 10,707 shares. Personal Cap Advsrs Corp owns 13,242 shares. Gamco Invsts Inc Et Al owns 144,037 shares or 0.02% of their US portfolio. Snow Cap Management L P stated it has 0.23% of its portfolio in CenturyLink, Inc. (NYSE:CTL). 86,534 are held by Raymond James Fin Service Advisors. Marshwinds Advisory Com holds 0.15% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 19,675 shares. Covington Capital Mngmt invested in 4,081 shares or 0% of the stock. New Mexico Educational Retirement Board invested 0.06% in CenturyLink, Inc. (NYSE:CTL). First Fincl In accumulated 195 shares. 18,930 are held by Ajo Lp.

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

CenturyLink (NYSE:CTL) Receives a Downgrade

It appears that trading for shares of CenturyLink (NYSE:CTL) will be interesting to watch today. Macquarie cut the stock from their past “Neutral” rating to a more current “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 7.58% above currents $19.26 stock price. CenturyLink had 7 analyst reports since December 13, 2017 according to SRatingsIntel. The company was maintained on Wednesday, February 21 by Bank of America. The rating was upgraded by Goldman Sachs to “Neutral” on Monday, January 8. RBC Capital Markets upgraded the shares of CTL in report on Thursday, January 25 to “Outperform” rating. Cowen & Co maintained it with “Hold” rating and $19.0 target in Thursday, February 15 report. The stock has “Overweight” rating by Morgan Stanley on Wednesday, December 13. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, December 15.

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 -1.2% as Macquarie downgrades to Underperform” on May 16, 2018, also Seekingalpha.com published article titled: “CenturyLink: Streamlining A Fat Dividend”, Seekingalpha.com published: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” on May 10, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) was released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” with publication date: May 16, 2018.

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

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