13.44 0.00 (0.00%)
After hours: 4:02PM EST
|Bid||13.41 x 800|
|Ask||13.42 x 2200|
|Day's Range||13.34 - 13.66|
|52 Week Range||12.74 - 24.20|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||1.00 (16.90%)|
|1y Target Est||14.07|
MONROE, La. , Feb. 22, 2019 /PRNewswire/ -- Jeff Storey, president and CEO, CenturyLink, Inc. (NYSE: CTL) will present at the 2019 Morgan Stanley Technology, Media and Telecom Conference in San Francisco ...
The overall equity markets seem to ride on the positive vibes, and the stock market euphoria has propelled the telecom stocks to newer heights.
Southeastern Asset Management isn't happy about how things are going at Centurylink Inc (CTL) and wants to make some changes. Here is what they said in a recent 13D filing: "In this situation Southeastern is switching from a filing on Schedule 13G to 13D as we have more direct conversations with the Company about adding […]
This time it was RBC Capital Markets analyst Jonathan Atkin with the downgrade—he argues the stock has gotten less appealing since its dividend cut. CenturyLink was down 0.5% to $14.03 in recent trading. Atkin isn’t the only analyst who has grown more skeptical of CenturyLink.
PayPal Digest: Venmo, Bitcoin, Share Repurchases, and MoreGuggenheim cites competitive headwinds Early this month, Guggenheim downgraded PayPal (PYPL) stock to a “neutral” from a “sell.” The company also removed its $95 price target on PayPal
Windstream Holdings Inc. may wind up in bankruptcy after an effort to finesse its debt burden instead led to a stunning court defeat on Friday that could leave it unable to refinance. CenturyLink Inc. slashed its dividend last week and faces an activist’s demand that it sell assets to bolster its balance sheet. Frontier Communications Corp., which halted payouts a year ago, ranks No. 1 on the list of deeply distressed debt issuers in North America.
How Top Telecommunications Stocks Are Faring in February(Continued from Prior Part)Analysts’ recommendations CenturyLink (CTL) stock offers a potential upside of ~17.4% going forward compared to its current market price of $12.78. Wall Street
Investing.com - U.S. futures pointed to a slightly lower open on Wall Street Wednesday, with investors remaining cautious as trade talks between the U.S. and China continued.
MoffettNathanson dropped its price target to $12 from $16 but raised its rating to Neutral from Sell, reflecting the company’s cloudy future.
Shares of CenturyLink Inc. rallied 2.6% in morning trade Tuesday, extending their bounce off last week's 22-year closing low, after MoffettNathanson analyst Nick Del Deo upgraded the communications services company, citing a "sufficiently compelling" valuation following the recent price plunge. Del Deo raised his rating to neutral from sell, but cut his target to $12 from $16. The stock had closed Thursday at $12.78, the lowest level since May 1997, after the company slashed its dividend by more than half. "There's a strong argument to be made that CenturyLink is a long term structural short and the stock is likely to grind lower as the 'Corporate Reaper' comes closer: its revenue losses continue apace; those revenue losses will translate into bottom line erosion; realizing anticipated cost savings carries execution risk; and it still carries a significant debt burden," Del Deo wrote in a note to clients. That said, from a risk-reward perspective, we don't see the current price as sufficiently compelling as to continue to warrant a Sell rating, and therefore are upgrading the shares to Neutral." The stock has tumbled 26% over the past three months while the S&P 500 has gained 3.1%.
CenturyLink, Inc. always welcomes constructive input from its shareholders. While we disagree with Southeastern's criticism of our recently announced capital allocation policy, we are engaged in discussions with Southeastern regarding their suggested director nominees. While any potential director needs to be vetted through the Board's formal review process, it is our expectation that Southeastern will nominate a high caliber candidate whom we will ultimately be able to nominate to the CenturyLink Board of Directors. Of note, CenturyLink's Board of Directors is composed of 13 highly-qualified directors, 10 of whom are independent and five of whom have joined in the last two years. While the Board is always open to evaluating suggestions for improved capital allocation and value creation, it is important to note that the Board unanimously supports our strategic plan to accelerate our delivering of the Company's leverage ratio to a range of 2.75x to 3.25x in approximately three years, while continuing to fund our growth and transformation initiatives and returning more than $1 billion of dividends annually to shareholders.
NEW YORK, Feb. 19, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)Analysts on CenturyLink stock Of the 16 Reuters-surveyed analysts covering CenturyLink (CTL) stock on February 13, 31% recommended a “buy,” 31% recommended a “sell,” and
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)Shareholder returns and stock trends CenturyLink (CTL) stock’s closing price on February 13 was $14.70 per share. Based on that closing price, CenturyLink has a market
How CenturyLink Fared in the Fourth Quarter(Continued from Prior Part)CenturyLink’s scale As of February 13, Verizon (VZ) was the largest US telecom player by market capitalization at $225.1 billion, followed by AT&T (T) at $217.2 billion. In
It was a tense earnings report that came with a surprise pay cut, but investors should be satisfied...for now.
CenturyLink surprised investors with the decision to cut its dividend, even though the distribution was well-covered by free cash flow. Here’s management’s thinking.
Shares of CenturyLink rebounded Friday, two days after the company announced it was cutting the annual shareholder dividend in half, causing its stock to drop to lows it hasn’t experienced in nearly 22 years. CenturyLink stock (NYSE: CTL) dropped 12 percent on Thursday, a day after company executives slashed the dividend from $2.16 per share to $1. CEO Jeff Storey said on the call that the dividend cut is “not based upon any concern for the outlook of the business,” but instead is focused on debt reduction.