Today CenturyLink Inc (NYSE:CTL) Has Been Downgraded by Macquarie to a “Sell”

May 16, 2018 - By Vivian Currie

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.

Schwab Charles Investment Mgmt reported 0.06% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Thompson Davis And Communications holds 0.01% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 200 shares. Auxier Asset Mgmt holds 55,600 shares or 0.18% of its portfolio. Fiduciary Mngmt Wi owns 1.79% invested in CenturyLink, Inc. (NYSE:CTL) for 17.46M shares. Live Your Vision Lc reported 755 shares. Commonwealth Of Pennsylvania School Empls Retrmt System reported 0.02% stake. Tortoise Invest Management Ltd Liability Co reported 123 shares. Aqr Cap Mngmt Ltd Liability Co, Connecticut-based fund reported 159,889 shares. Investors Asset Mgmt Of Georgia Ga Adv reported 22,024 shares. Credit Capital Invs Ltd Liability, New Jersey-based fund reported 105,000 shares. Bnp Paribas Asset Mgmt Holdg has invested 0.04% in CenturyLink, Inc. (NYSE:CTL). Tompkins Fincl reported 203 shares stake. Carroll Fincl Inc invested 0% of its portfolio in CenturyLink, Inc. (NYSE:CTL). World Asset Mgmt holds 92,714 shares. Cornerstone reported 0.04% stake.

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

CenturyLink Inc (NYSE:CTL) Receives a Downgrade

In a research report revealed to investors on 16 May, Macquarie decreased their rating for shares of CenturyLink Inc (NYSE:CTL) to a “Sell” and they now have a $17.5000 target on the stock. Macquarie’s target would suggest a possible downside of -9.14 % from the stock close price of CenturyLink Inc (NYSE:CTL).

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

The stock decreased 0.57% or $0.11 during the last trading session, reaching $19.26. About 8.62 million 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 $226.57 million 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 notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” on May 10, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018, Fool.com published: “Is CenturyLink, Inc. a Buy?” on April 30, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: Seekingalpha.com and their article: “CenturyLink: Streamlining A Fat Dividend” published on May 16, 2018 as well as 247Wallst.com‘s news article titled: “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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