CTL - CenturyLink, Inc.

NYSE - NYSE Delayed Price. Currency in USD
10.81
+0.21 (+1.98%)
At close: 4:00PM EDT

10.81 0.00 (0.00%)
After hours: 6:02PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close10.60
Open11.00
Bid10.74 x 3100
Ask10.77 x 1200
Day's Range10.73 - 11.11
52 Week Range8.16 - 15.30
Volume13,616,806
Avg. Volume13,235,406
Market Cap11.864B
Beta (5Y Monthly)0.90
PE Ratio (TTM)N/A
EPS (TTM)-7.39
Earnings DateAug 05, 2020 - Aug 10, 2020
Forward Dividend & Yield1.00 (9.43%)
Ex-Dividend DateMay 29, 2020
1y Target Est10.07
  • 3 Big Dividend Stocks Yielding Over 7%; Wells Fargo Says ‘Buy’
    TipRanks

    3 Big Dividend Stocks Yielding Over 7%; Wells Fargo Says ‘Buy’

    We’re in perplexing times. At this writing, the S&P 500 index stands at 3,201, just 5.5% below its all-time high. That high, reached back in February, came the day before the bottom fell out of the stock market, as the coronavirus crisis triggered the steepest, deepest – and fastest – stock market drop on record. And now we are in the midst of a prolonged bull-rally, as the markets have been trending upwards since bottoming out on March 23.What’s an investor to do? The natural inclination during a bear market is to defend the portfolio and make conservative plays toward defensive dividend stocks, while the inclination during a rally is to go with the winners and stake positions in the stocks that are climbing most rapidly. The two strategies don’t often overlap, and the future remains clouded even though sentiment is high for now.At Wells Fargo, strategist Christopher Harvey believes that defensive moves are obsolete for now, and that investors should “start adding risk.”“We’re starting to price in a less bad scenario. Things are getting slightly better at the margin… A few weeks ago, for the first time in a long time, we went overweight on value. Now, what we are telling [investors] is we want them to start putting risk into the portfolio,” Harvey said.The strategist is advising investors to look for stocks that are positioned for a strong comeback. These are note necessarily the stocks that have been doing best in the current rally; rather, they are stocks that will benefit most as the economy reopens. That reopening is happening now, in fits and starts, as some states continue their lockdown policies and others try to get back to business. With this in mind, we’ve opened the TipRanks database and pulled up three relevant stock calls from three of Wells Fargo's top analysts. These are stocks with at least 7% dividend yield, and in the eyes of the Wells Fargo analysts, at least 10% upside potential. Let's take a closer look. EQT Midstream Partners (EQM)We’ll start in the energy industry, with a $4.8 billion mid-cap player in the important midstream segment. EQM provides natural gas pipeline and storage services for the Pennsylvania/West Virginia/Ohio sections of the Appalachian basin. This region, in the rugged, low mountains of the East, is one of North America’s richest natural gas production areas, and a center of the fracking industry. EQM is also involved in that latter, providing water supply and waste-water disposal services for gas fracking companies.EQM holds a sound position in an essential industry, and has been able to maintain revenues and earnings despite the COVID-19 pandemic. Q1 earnings numbers beat the forecast by a wide margin. The $1.08 EPS was well ahead of the 95-cent estimate, while revenues grew 16.25% year-over-year to reach $453 million, 14% ahead of expectations.In addition, for income-minded investors, the company has made moves to maintain the dividend even in difficult times. Management lowered the payment – never a good look, really – but the new payout of 38.75 cents per share quarterly gives a yield of 7.43% and an annualized payment of $1.55 per share. These are solid numbers that significantly outperform the services industry average yield of 1.4%.Much of EQM’s potential is tied up in the Mountain Valley Pipeline. This project, in which the company is heavily invested, is delayed by regulatory and permitting hurdles, but is widely expected to come online in 2021.Covering this stock for Wells Fargo is analyst Michael Blum. Noting the pipeline delays, he writes at the bottom line, “EQM is well positioned to benefit from improving natural gas fundamentals heading into 2021 due to the expected decline in associated gas production. We see … the pending completion of MVP as positive…”Blum sets a $27 price target here, in support of his Buy rating. His target implies a healthy upside potential of 17%. (To watch Blum’s track record, click here)Overall, EQT Midstream gets a Moderate Buy from the analyst consensus, based on 3 Buy and 2 Hold ratings set in recent weeks. Shares are selling for $23.18, and the $23.20 average price target is less bullish than Blum’s. (See EQM stock analysis at TipRanks)BP PLC (BP)Next up, we move from mid-cap to industry-leading giant. BP, with a market cap of $93 billion, is one of the world’s largest oil and gas companies, and reported $278 billion in revenue for 2019. While that was down from the year before, the $10 billion in net profits beat the expected $9.7 billion.And then came Q1 2020. We all know the story. Back in April, oil prices dropped dramatically, as demand was quenched by the ongoing economic shutdowns. Oil producers don’t have the luxury of simply shutting off the pumps when demand falls; the equipment must be maintained, and it is not easy to restart a well that has been capped. The bounce back in prices since the April low has been helpful, but only partially. Even so, BP saw net profit fall 67% yoy in Q1, from Q1 2019’s $2.4 billion to the current figure of $800 million. Even though Q1 earnings dropped so drastically they remained positive, but looking ahead Q2 is expected to show a loss of 37 cents per share.Through everything, however, BP has kept up its dividend payment. The company remains committed to the payments, and has even increased its debt load to do so. The current dividend is 63 cents per share quarterly, annualized to $2.52, gives a yield of 9.65%. Compared to the 3% yield among utility peer companies, the attraction is clear.Roger Read, another of Wells Fargo’s analysts, is cautious here but also sees a path forward for BP. He writes, “…BP's expected free cashflow generation through 2022 should support reductions in leverage and capacity to raise its dividend in 2020 and beyond.”Read gives the stock a Buy rating, and backs it with a $31 price target implying room for 15% upside growth in the next 12 months. (To watch Read’s track record, click here)The Moderate Buy analyst consensus rating on BP is derived from 7 reviews, including 4 Buys and 3 Holds. The average price target of $32.20 suggests a 16% premium from the $27.81 current trading price. (See BP stock analysis on TipRanks)CenturyLink, Inc. (CTL)The last stock on our list here is a communications services firm, in the cloud-based tech niche. CenturyLink’s products offer customers solutions for networking and online security, a vital industry in today’s connected work environment – and even more vital during the current corona crisis, with so many office workers moving to telecommuting. The urgency of online security is clearer now than ever.That clear from CTL’s Q1 earnings, which not only grew 12% sequentially, but also beat the forecast by a penny. The 37 cents reported was even 8% higher than the year-ago quarter.CTL’s steady earnings underlie the company’s dividend. The payment has been stable for 5 quarters – and management recently announced that the next payout, set for June 12, will remain at 25 cents per share, or $1 annually. At this level, the dividend yields 9.43%, a solid return by any standard.Wells Fargo’s Jennifer Fritzsche, rated 5-stars in the TipRanks database, acknowledges that leading-edge tech company inhabit a capricious landscape, but is optimistic about CTL’s prospects. She writes, “In our view – the co. made its difficult capital allocations decisions last year and we see that dividend as secure near term. If one lesson will be (crystal) clear coming out of this crisis, it is that fiber is critical and necessary ‘railroad tracks’ (to quote WSJ) in our new normal. CTL has more of that asset than any public co.”Supporting her Buy rating on the stock, Fritzsche gives CTL a $12 price target, indicating room for 10% upside growth. (To watch Fritzsche’s track record, click here)While Fritzsche is optimistic here, her Wall Street peers remain cautious. CTL shares have a Hold from the analyst consensus, based on 2 Buys, 4 Holds, and 4 Sells. Shares are selling for $10.24, but the average price target is $9.91. Time will tell if Fritzsche’s bullish stance is the correct course for CTL. (See CenturyLink stock analysis at TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • CenturyLink, Inc. (CTL): Hedge Funds In Wait-and-See Mode
    Insider Monkey

    CenturyLink, Inc. (CTL): Hedge Funds In Wait-and-See Mode

    In this article you are going to find out whether hedge funds think CenturyLink, Inc. (NYSE:CTL) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]

  • Dr. Vint Cerf to Deliver Keynote Address for IEIC Virtual Summit Series Event I
    PR Newswire

    Dr. Vint Cerf to Deliver Keynote Address for IEIC Virtual Summit Series Event I

    The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Dr. Vint Cerf, Google Chief Internet Evangelist and co-Founder of the Internet, will deliver the keynote address at the IEIC Virtual Summit Series Event I on Tuesday, June 2 at 2:00 pm ET.

  • Barrons.com

    22 Stocks That You Really Shouldn’t Buy, According to Morgan Stanley

    There are stocks to own for the short run. There are stocks to own for the long run. (MS)’s research team late Tuesday published a note called “Secularly Challenged Stocks” that lists 22 well-known companies that their analysts suggest people shouldn’t own.

  • CenturyLink to Present at the Cowen and Company 48th Annual Technology Media and Telecom Conference
    PR Newswire

    CenturyLink to Present at the Cowen and Company 48th Annual Technology Media and Telecom Conference

    Shaun Andrews, executive vice president and chief marketing officer at CenturyLink Inc. (NYSE: CTL), will present at the Cowen and Company 48th Annual Technology Media and Telecom Virtual Conference on May 29. The presentation is scheduled to begin at 11:10 a.m. ET.

  • 3 Stocks to Buy With Dividends Yielding More Than 4%
    Motley Fool

    3 Stocks to Buy With Dividends Yielding More Than 4%

    We travel to tobacco fields, out-of-favor telcos, and even China to find some of the market's top high-yielding stocks.

  • IEIC Welcomes Akamai as New Founding Member
    PR Newswire

    IEIC Welcomes Akamai as New Founding Member

    The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Akamai (NASDAQ: AKAM) has joined as a founding member.

  • CenturyLink declares quarterly cash dividend
    PR Newswire

    CenturyLink declares quarterly cash dividend

    CenturyLink Inc. (NYSE: CTL) today announced that its Board of Directors voted to declare a regular quarterly cash dividend of 25 cents per share. The dividend is payable June 12, 2020, to shareholders of record at the close of business on June 1, 2020. The ex-dividend date will be May 29, 2020.

  • CenturyLink Building Fiber and Delivering Faster Internet to More Consumers and Businesses
    PR Newswire

    CenturyLink Building Fiber and Delivering Faster Internet to More Consumers and Businesses

    CenturyLink, a provider of high-speed internet service to communities across the country, has expanded its fiber network in many parts of the U.S., and plans to continue this growth by bringing faster internet speeds to additional homes and businesses in several cities.

  • CenturyLink Awards $500,000 in Grants to Advance Technology in US Schools
    PR Newswire

    CenturyLink Awards $500,000 in Grants to Advance Technology in US Schools

    This pandemic has changed the way we are educating our children. Teachers across the country have been challenged to find new ways to reach and teach their students and technology is the key. To support innovative learning and educational opportunities, CenturyLink is awarding $500,000 to fund 114 technology-focused projects as part of the CenturyLink Clarke M. Williams Foundation's 2019-20 Teachers and Technology grant program.

  • Internet Ecosystem Innovation Committee Announces Virtual Summit Series Featuring Industry Luminaries
    PR Newswire

    Internet Ecosystem Innovation Committee Announces Virtual Summit Series Featuring Industry Luminaries

    In response to increasing global demand for high performance, low risk, and geographically diverse Internet for interconnection requirements, the Internet Ecosystem Innovation Committee (IEIC) today announced an upcoming Virtual Summit Series featuring notable industry leaders.

  • What Does CenturyLink, Inc.'s (NYSE:CTL) Share Price Indicate?
    Simply Wall St.

    What Does CenturyLink, Inc.'s (NYSE:CTL) Share Price Indicate?

    Today we're going to take a look at the well-established CenturyLink, Inc. (NYSE:CTL). The company's stock saw a...

  • CenturyLink to Present at 48th Annual J.P. Morgan Global Technology, Media and Communications Conference
    PR Newswire

    CenturyLink to Present at 48th Annual J.P. Morgan Global Technology, Media and Communications Conference

    Ed Morche, president of strategic enterprise and government markets at CenturyLink Inc. (NYSE: CTL), will present at the 48th Annual J.P. Morgan Global Technology, Media and Communications Virtual Conference on May 13. The presentation is scheduled to begin at 11:50 a.m. ET.

  • These 2 10%-Plus-Yielding Stocks Just Confirmed Their Dividends
    Motley Fool

    These 2 10%-Plus-Yielding Stocks Just Confirmed Their Dividends

    Investors love their dividends, but in this environment, many companies are cutting their payouts, especially those in heavily affected industries such as travel, airlines, and oil and gas, as well as companies with high levels of debt. According to CEO Jeff Storey, the need for data and connectivity caused a 30% to 40% spike in internet backbone traffic as the pandemic hit, with similar spikes in usage from CenturyLink's content delivery and videoconferencing products.

  • CenturyLink Named Latest Workplace Possibilities Champion
    Business Wire

    CenturyLink Named Latest Workplace Possibilities Champion

    The Standard awards CenturyLink with the latest Workplace Possibilities Champion Award.

  • CenturyLink Offers 360-Degree Cyber Defense Analytics Service to Enterprises in Asia Pacific
    PR Newswire

    CenturyLink Offers 360-Degree Cyber Defense Analytics Service to Enterprises in Asia Pacific

    CenturyLink, Inc. (NYSE: CTL) has launched its Managed Security Behavioral Analytics (MSBA) service package in Asia Pacific. This single-platform offering provides organizations with the capability to monitor for and detect insider threats on critical assets. It employs behavioral analytics algorithms to find malicious user activities and automates the review of privileged account activities. It also detects events that pose a risk, known attacker behavior, anomalous network activities and deviations in account behavior.

  • Thomson Reuters StreetEvents

    Edited Transcript of CTL earnings conference call or presentation 6-May-20 9:00pm GMT

    Q1 2020 Centurylink Inc Earnings Call

  • CenturyLink Inc (CTL) Q1 2020 Earnings Call Transcript
    Motley Fool

    CenturyLink Inc (CTL) Q1 2020 Earnings Call Transcript

    Good afternoon, everyone and thank you for joining us for the CenturyLink first quarter 2020 earnings call. Joining me on the call today are Jeff Storey, President and Chief Executive Officer; and Neel Dev, Executive Vice President and Chief Financial Officer.

  • CenturyLink Reports First Quarter 2020 Results
    PR Newswire

    CenturyLink Reports First Quarter 2020 Results

    CenturyLink Inc. (NYSE: CTL) reported results for the first quarter ended March 31, 2020.

  • ACCESSWIRE

    CenturyLink, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 6, 2020 / CenturyLink, Inc. (NYSE:CTL) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 6, 2020 at 5:00 PM Eastern Time. ...

  • CenturyLink to Hold Virtual-Only 2020 Annual Meeting of Shareholders
    PR Newswire

    CenturyLink to Hold Virtual-Only 2020 Annual Meeting of Shareholders

    CenturyLink Inc. (NYSE: CTL) announced today that, due to the disruptions caused by the coronavirus (COVID-19) pandemic, current governmental restrictions on non-essential activities, and concern for the health and well-being of shareholders and employees, the location of CenturyLink's Annual Meeting of shareholders has changed and will be held in a virtual-only meeting format, instead of an in-person meeting in Monroe, La. As a result, shareholders will not be able to attend the Annual Meeting in person. As previously announced, the Annual Meeting will be held on Wednesday, May 20, 2020, at 10 a.m. CT.

  • Investopedia

    S&P 500 Cash Spending to Drop 33% This Year, Says Goldman

    Large U.S. companies are tightening their purse strings as COVID-19 wreaks the economy. Goldman Sachs predicts S&P 500 cash spending will drop 33% during 2020 as firms prioritize liquidity amid the coronavirus slowdown.

  • New Mozi Malware Family Found
    PR Newswire

    New Mozi Malware Family Found

    The explosion of Internet of Things (IoT) devices has long served as a breeding ground for malware distribution. The inability for users to patch many IoT devices has only compounded this problem, as bad actors continue to evolve tactics to leverage botnets for DDoS attacks and other malicious behavior.