Is CenturyLink (CTL) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of CenturyLink (CTL), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CenturyLink is one of 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CTL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CTL's full-year earnings has moved 15.41% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CTL has returned about 24.94% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 0.45% on average. As we can see, CenturyLink is performing better than its sector in the calendar year.
Breaking things down more, CTL is a member of the Wireless National industry, which includes 17 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, stocks in this group have lost 0.27% this year, meaning that CTL is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CTL as it attempts to continue its solid performance.
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