Centurylink (NYSE:CTL) had its price objective trimmed by UBS Group from $12.50 to $10.00 in a report released on Friday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other analysts have also recently weighed in on CTL. Wells Fargo & Co decreased their price target on shares of Centurylink from $15.00 to $12.00 and set an overweight rating for the company in a research report on Thursday, May 7th. TheStreet raised shares of Centurylink from a d+ rating to a c rating in a research report on Wednesday, May 6th. Royal Bank of Canada decreased their price target on shares of Centurylink from $14.00 to $10.00 and set a sector perform rating for the company in a research report on Friday, May 8th. Goldman Sachs Group cut shares of Centurylink from a neutral rating to a sell rating and decreased their price target for the stock from $14.00 to $7.00 in a research report on Wednesday, April 1st. Finally, Citigroup cut shares of Centurylink from a neutral rating to a sell rating and decreased their price target for the stock from $13.00 to $6.00 in a research report on Wednesday, March 25th. Seven analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Centurylink currently has a consensus rating of Hold and a consensus price target of $10.32.

CTL stock opened at $9.79 on Friday. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.18 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The business has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $11.54. Centurylink has a 52 week low of $8.16 and a 52 week high of $15.30.

Centurylink (NYSE:CTL) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Centurylink had a return on equity of 10.70% and a net margin of 5.50%. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, analysts expect that Centurylink will post 1.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.00 dividend on an annualized basis and a yield of 10.21%. Centurylink’s payout ratio is currently 75.76%.

A number of large investors have recently bought and sold shares of CTL. Utah Retirement Systems lifted its position in shares of Centurylink by 0.4% during the fourth quarter. Utah Retirement Systems now owns 207,544 shares of the technology company’s stock worth $2,742,000 after purchasing an additional 800 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its position in shares of Centurylink by 4.4% during the first quarter. Winslow Evans & Crocker Inc. now owns 27,228 shares of the technology company’s stock worth $258,000 after purchasing an additional 1,160 shares during the last quarter. Dai Ichi Life Insurance Company Ltd lifted its position in shares of Centurylink by 10.0% during the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 13,609 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,232 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE lifted its position in shares of Centurylink by 0.3% during the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 457,072 shares of the technology company’s stock worth $4,324,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Argent Advisors Inc. lifted its position in shares of Centurylink by 1.3% during the first quarter. Argent Advisors Inc. now owns 106,042 shares of the technology company’s stock worth $1,003,000 after purchasing an additional 1,313 shares during the last quarter. 77.30% of the stock is owned by institutional investors.

About Centurylink

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Analyst Recommendations for Centurylink (NYSE:CTL)

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