CTL - CenturyLink, Inc.

NYSE - NYSE Delayed Price. Currency in USD
0.00 (0.00%)
At close: 4:00PM EST

14.86 -0.03 (-0.20%)
After hours: 5:24PM EST

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Previous Close14.89
Bid14.83 x 2900
Ask14.85 x 2900
Day's Range14.73 - 15.03
52 Week Range9.64 - 19.53
Avg. Volume12,394,960
Market Cap16.533B
Beta (3Y Monthly)0.89
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.00 (6.72%)
Ex-Dividend Date2019-08-29
1y Target EstN/A
  • Telecom ETFs in Focus on Mixed Q3 Earnings Results

    Telecom ETFs in Focus on Mixed Q3 Earnings Results

    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

    Level 3 Financing, Inc. -- Moody's assigns Ba1 to CenturyLink's proposed senior secured notes

    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.

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    Wireless National Stock Outlook Portrays Bullish Sentiments

    Wireless National Stock Outlook Portrays Bullish Sentiments

  • Top Communications Stocks for November 2019

    Top Communications Stocks for November 2019

    These are the communications stocks with the best value, fastest growth, and most momentum for October.

  • 3 Stocks to Sell Before Winter Comes

    3 Stocks to Sell Before Winter Comes

    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)

  • Barrons.com

    Analysts’ Views on Lowe’s, CenturyLink, Altria, Career Education, and Two Harbors

    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.

  • Moody's

    Mountain States Telephone and Telegraph Co. -- Moody's announces completion of a periodic review of ratings of CenturyLink, Inc.

    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.

  • CenturyLink (CTL) Soars: Stock Adds 11.4% in Session

    CenturyLink (CTL) Soars: Stock Adds 11.4% in Session

    CenturyLink (CTL) saw a big move last session, as its shares jumped more than 11% on the day, amid huge volumes.

  • Barrons.com

    Stocks Are Hitting Records on Fresh Hope for Lower Tariffs

    All three major U.S. stock indexes were at record levels as upbeat news about employment and comments from Beijing encouraged investors.

  • CenturyLink (CTL) Q3 Earnings Miss, Revenues Beat Estimates

    CenturyLink (CTL) Q3 Earnings Miss, Revenues Beat Estimates

    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) Q3 Earnings Lag Estimates

    CenturyLink (CTL) Q3 Earnings Lag Estimates

    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?

  • Barrons.com

    CenturyLink Stock Is Rising Because Earnings Had No New Surprises

    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.

  • Barrons.com

    Sell CenturyLink Stock Because Its Recovery Is Overdone, Analyst Says

    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

    Stocks - Wall Street Opens Down; Uber Hits New Low as Lockup Ends

    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.

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    Stocks - CVS, Humana, HP Rise Premarket; Match Tumbles

    Investing.com - Stocks in focus in premarket trading on Wednesday:

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    Stocks - U.S. Futures Flat as Trade News Dries up

    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 (CTL) Gears Up for Q3 Earnings: What's in Store?

    CenturyLink (CTL) Gears Up for Q3 Earnings: What's in Store?

    CenturyLink's (CTL) third-quarter performance is likely to have benefited from its focus on improving revenues while continuing deleveraging and cost-transformation initiatives.

  • CenturyLink (CTL) Gains As Market Dips: What You Should Know

    CenturyLink (CTL) Gains As Market Dips: What You Should Know

    In the latest trading session, CenturyLink (CTL) closed at $12.94, marking a +0.39% move from the previous day.

  • CenturyLink (CTL) Reports Next Week: Wall Street Expects Earnings Growth

    CenturyLink (CTL) Reports Next Week: Wall Street Expects Earnings Growth

    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.

  • CenturyLink (CTL) Outpaces Stock Market Gains: What You Should Know

    CenturyLink (CTL) Outpaces Stock Market Gains: What You Should Know

    CenturyLink (CTL) closed at $12.89 in the latest trading session, marking a +0.94% move from the prior day.

  • Barrons.com

    Comcast Reported Solid Earnings. The Stock Is Up as TV Customers Shift to Internet Plans.

    Comcast turned in higher earnings and revenue than expected for the third quarter, and reported continued growth in the share of its Xfinity cable customers on internet-only plans.

  • GuruFocus.com

    US Stocks Decline Friday

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  • CenturyLink (CTL) Stock Sinks As Market Gains: What You Should Know

    CenturyLink (CTL) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, CenturyLink (CTL) closed at $12.04, marking a -1.07% move from the previous day.

  • Telecom Stock Roundup: AT&T to Divest Assets, Ericsson's Rural Support & More

    Telecom Stock Roundup: AT&T to Divest Assets, Ericsson's Rural Support & More

    While AT&T (T) intends to sell its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands, Ericsson (ERIC) is offering support services to rural Wireless Internet Service Providers across the United States.

  • Barrons.com

    Charter and Altice Stock Could Keep Rising. Here’s Why.

    Cable internet and TV providers’ stocks have soared in 2019. AllianceBernstein sees a couple that can continue to gain.