|Bid||14.95 x 3100|
|Ask||15.00 x 2200|
|Day's Range||14.79 - 15.00|
|52 Week Range||9.64 - 19.53|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||1.00 (6.72%)|
|1y Target Est||12.92|
Qualcomm's (QCOM) fourth-quarter fiscal 2019 and CenturyLink's (CTL) third-quarter 2019 revenues surpass the Zacks Consensus Estimate despite declining year over year.
MONROE, La., Nov. 15, 2019 /PRNewswire/ -- CenturyLink, Inc. (CTL) announced that Level 3 Financing, Inc., its indirect, wholly owned subsidiary ("Level 3 Financing"), has agreed to sell $750 million aggregate principal amount of its 3.400% Senior Secured Notes due 2027 (the "2027 Notes") and $750 million aggregate principal amount of its 3.875% Senior Secured Notes due 2029 (the "2029 Notes") in proposed private offerings that will not be registered under the Securities Act of 1933. The 2027 Notes were priced to investors at 99.780 percent of their principal amount and will mature on March 1, 2027. The 2029 Notes were priced to investors at 99.985 percent of their principal amount and will mature on November 15, 2029.
With 5G technology opening up opportunities in the telecom sector, we study the impact of a few big earnings releases on ETFs with decent exposure.
Moody's Investors Service (Moody's) has assigned a Ba1 to CenturyLink, Inc.'s (CenturyLink) proposed senior secured notes (Secured Notes) which will be issued by Level 3 Financing, Inc. (LFI), a direct, wholly owned subsidiary of Level 3 Parent, LLC (Level 3). The net proceeds from the offering are expected to be used to repay a portion of the $4.611 billion senior secured Tranche B 2024 term loans under LFI's existing senior secured credit facility. The Secured Notes, which will be secured by the same collateral pledged by LFI to secure its existing senior secured credit facility, will also be fully and unconditionally guaranteed by Level 3 and certain of its material domestic subsidiaries.
We’re wrapping up Q3 earnings, and investors are starting to focus on Q4 happenings – which may cause some anxiety, considering recent history. Last year, Q4 saw a 9% collapse in the S&P 500, the worst market drop since the Great Depression. Michael Wilson, equity strategist with Morgan Stanley, sees a definite possibility for a repeat, especially in light of the ongoing US-China trade war: “The bottom line is that without a significant roll-back of existing tariffs, we don’t see [a change in] the currently negative trajectory of growth in both the economy and earnings.”If Wilson is right, then now may be time to sort the grain from the chaff in your portfolio. We’ll take a look at three stocks that are getting sell-side recommendations from Wall Street’s analysts. And as for the rest? As usual, TipRanks has a tool to find the keepers – after you read up on some stocks to unload, check out the Best Stocks to Buy.Webster Financial Corporation (WBS)New England-based Webster is a holding company, owning Webster Bank along with related insurance, lending, and finance companies and assets. The company’s largest segment, Webster Bank, has 177 branches in Massachusetts, Rhode Island, and Connecticut, as well as the adjacent Westchester County, New York. Webster Bank provides both business and consumer services in banking, mortgages, financial planning, and investments.In its Q3 2019 earnings release, WBS reported a 2.6% revenue increase, to $310.5 million, as well as growth in loan business to $1.2 billion and account deposit growth of 5.8% to $1.3 billion. Despite the good news, however, there was a slip in EPS from $1.06 last year to $1.00 in the current quarter. Along with the EPS slip, WBS shares are down 2.41% year-to-date.This stock’s shaky situation has Stephens analyst Matthew Breese decidedly bearish. In his recent report on WBS, Breese wrote, “As one of the most asset sensitive banks in the Northeast, we believe Webster has a challenging 12-18 months ahead… Considering how WBS is set up for the current interest rate environment… we believe anticipated margin pressure is enough for the stock to underperform.”Breese gives this stock a Sell rating along with a $42 price target, indicating his belief that it will show a considerable downside, 12%, in the coming year. (To watch Breese's track record, click here)Looking at the TipRanks' stock analysis on WBS, we find that the stock is negative on both the technical and fundamental indicators. The 20-day moving average is lower than the 200-day, a sign that the stock is trending down, while the stock’s asset growth is a low 9.32%. Also important to note, insider activity on this stock is decidedly negative, with insiders unloading more than $200,000 worth of WBS shares in the last three months.Breese is more bearish than most on WBS. The analyst consensus here is a Hold, based on 3 Holds and 1 Sell set in the last three months. The stock is trading for $48, and the $46.67 average price target implies a 3% downside.Cullen/Frost Bankers (CFR)Another financial holding company, Cullen/Frost controls over $33 billion in assets. All of the company’s operations are in the state of Texas, underscoring the sheer size of the second largest state. As with most large, full-service banks, Cullen/Frost provides banking, investment, and insurance services to both business and individual clients and account holders.CFR posted an earnings beat in its recent Q3 report, showing $1.73 EPS against the forecast of $1.69. While the 2.4% beat was welcome news, EPS was down 5 cents compared to the year-ago quarter. Quarterly revenue, at $365.8 million, was in-line with the estimates, and 3.5% higher than last year’s Q3. The stock is up 6.3% year-to-date, which makes sense considering the solid earnings.On the negative side, CFR’s expenses were up even more steeply than the revenues. Non-interest expenses leapt up 7.8% in the last 12 months, reaching $208.9 million.The sharp jump in expenses was on the mind of Wedbush analyst Peter Winter, when he took the step of downgrading CFR from Hold to Sell. Winter wrote, “While most banks are looking for ways to slow expense growth in a tougher revenue environment, CFR has no plans to curtail investment spending as they believe it will lead to long-term gains. As a result, they will incur some near-term pain as 2020 expense growth will increase north of 8%...” Winter expects the ‘pain’ of high expenses to continue into 2021, and to push EPS down for the next three years. In line with his bearish stance, Winter cut his price target on CFR by 6%, to $82. This implies a 12% downside. (To watch Winter's track record, click here)Ultimately, the word on the Street points to a sidelined majority on CFR. In the last three months, the stock has landed 2 "buy," 2 "hold," and 2 "sell," ratings. It’s clear that Wall Street is largely divided between the bulls, bears and the fence sitters when it comes to CFR's prospects. Meanwhile, the consensus average price target points to $92.17 -- a slight downside potential from Monday's closing price. (See CFR stock analysis on TipRanks)CenturyLink (CTL)With a $16 billion market cap, CenturyLink is the largest of the stocks in this list. The Louisiana-based tech firm cloud and communication services, network solution, and online security services. CenturyLink does $23.4 billion worth of business annually, in North America, Latin America, and the Asia-Pacific region.Despite inhabiting a rich niche in the tech industry, CTL reported decidedly mixed results in Q3. Revenues, at $5.6 billion, were down 3.6% year-over-year but still beat the forecast by a slim 1%. EPS benefited from higher lower interest expenses in the quarter, and the 28 cents reported was significantly better than the 25 cents reported in the year-ago quarter. Even so, EPS missed the forecast by 1 cent.Mike McCormack, 5-star analyst with Guggenheim, is less than impressed with CTL. In fact, he has downgraded his rating on this stock to Sell, with a low $10 price target suggesting a downside of 33%. He points out that CenturyLink will suffer from wireline downsizing at AT&T and Verizon, and writes, “When we wrote our 3Q19 preview, we noted that despite a hope that the macro environment was improving, our checks were indicating that little in fact was changing and that pricing remained under severe pressure… we don’t expect to see any fundamental improvement.” (To watch McCormack's track record, click here)In overall stock performance, CTL is down 0.6% in 2019, while the 12-month asset growth has declined by 11.78%. Return on equity for the trailing 12 months is a stunning -43.34%. This is a company whose momentum is turning downwards, and quickly.Similarly to CFR, the stock received 2 "buys," 2 "holds," and 2 "sells" in the past three months, giving it a consensus rating of Hold. The $13.60 average stock-price forecast indicates about 10% downside to the stock, declining from the current trading price of $15.06. (See CenturyLink stock analysis on TipRanks)
MONROE, La., Nov. 12, 2019 /PRNewswire/ -- Global technology leader CenturyLink, Inc. (CTL) announced that Level 3 Financing, Inc., its indirect, wholly owned subsidiary ("Level 3 Financing"), plans to offer $750 million aggregate principal amount of senior secured notes that will bear interest at a fixed rate (the "Notes") in a proposed private offering that will not be registered under the Securities Act of 1933. Level 3 Financing's obligations under the Notes will be guaranteed on a secured basis by its direct parent, Level 3 Parent, LLC, and certain of its material domestic subsidiaries that guarantee the term loans under Level 3 Financing's existing senior secured credit facility, subject in certain instances to receipt of regulatory approval. Such guarantees, when provided by each entity, will be secured by liens on substantially the same collateral that is pledged to secure the term loans under that senior secured credit facility.
New research stresses importance of seamless security, network integration and automation MONROE, La. , Nov. 11, 2019 /PRNewswire/ -- CenturyLink (NYSE: CTL) commissioned new research with International ...
While we see less upside to the third quarter (total comps below consensus and earnings per share only in line), Lowe’s relative valuation versus its closest peer is near its trough level, industry demand is improving (modestly), and there are multiple sales/margin levers ahead. We downgraded the home-improvement space just over a year ago on concerns over slowing home-price appreciation and rising interest rates, which we expected to pressure comps. Lowe’s is not.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CenturyLink, Inc. New York, November 08, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CenturyLink, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
All three major U.S. stock indexes were at record levels as upbeat news about employment and comments from Beijing encouraged investors.
CenturyLink's (CTL) third-quarter results reflect growth in Enterprise and International & Global Accounts business units, coupled with expansion of adjusted EBITDA margin.
CenturyLink (CTL) delivered earnings and revenue surprises of -3.12% and 1.08%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
CenturyLink stock (ticker: CTL) has had a dud of a year, losing 5.8% after dividends in 2019 through Wednesday’s close. For the third quarter, CenturyLink reported 31 cents in earnings per share—up from 30 cents a year earlier, and but short of the Wall Street consensus estimate of 33 cents per share. CenturyLink’s free cash flow came in at $931 million.
Highlights - Reported Net Income of $302 million for the third quarter 2019; excluding Integration and Transformation Costs and Special Items, reported Net Income of $328 million - Generated Adjusted EBITDA ...
After discouraging reports from the wireline divisions of Verizon Communications and AT&T in recent weeks, the read-through to CenturyLink doesn’t appear promising, according to one analyst. CenturyLink stock (ticker: CTL) was down 3.1% Wednesday morning, versus a 0.2% drop in the S&P 500index. CenturyLink stock (ticker: CTL) is the worst-performing major telecom stock in 2019, losing 3.7% after dividends through Tuesday’s close.
Investing.com – Wall Street fell on Wednesday as a lack of fresh news from the U.S.-China trade war left a flurry of mixed earnings in focus.
Investing.com - U.S. futures were flat on Wednesday, with a dearth of news on the U.S-China trade front leaving market participants to concentrate largely on the day's earnings reports.
CenturyLink's (CTL) third-quarter performance is likely to have benefited from its focus on improving revenues while continuing deleveraging and cost-transformation initiatives.
MONROE, La., Oct. 31, 2019 /PRNewswire/ -- CenturyLink, Inc. (CTL) believes in improving lives and connecting communities, and, as part of its commitment to those efforts, has announced that applications are now being accepted for the CenturyLink Clarke M. Williams Foundation's Teachers and Technology grant program. With education at the forefront of the Foundation's focus, the program is designed to help teachers bring technology into their respective classrooms to inspire and motivate students. "CenturyLink understands how important it is to provide innovative technology in the classroom, because leading edge technology can make the learning experience for students so much more valuable," said Stephanie Calhoun, CenturyLink vice president of talent management.
CenturyLink (CTL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.