CTL - CenturyLink, Inc.

NYSE - NYSE Delayed Price. Currency in USD
9.06
-0.23 (-2.48%)
At close: 4:02PM EDT
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Previous Close9.29
Open9.03
Bid9.00 x 4000
Ask9.28 x 3100
Day's Range8.81 - 9.18
52 Week Range8.16 - 15.30
Volume18,554,168
Avg. Volume13,664,793
Market Cap9.871B
Beta (5Y Monthly)0.91
PE Ratio (TTM)N/A
EPS (TTM)-4.92
Earnings DateMay 05, 2020 - May 10, 2020
Forward Dividend & Yield1.00 (10.76%)
Ex-Dividend DateMar 05, 2020
1y Target Est13.10
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  • CenturyLink Extends Employee Benefits, Protections Due to COVID-19
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    CenturyLink Extends Employee Benefits, Protections Due to COVID-19

    As the COVID-19 outbreak continues to spread across the United States — affecting the livelihoods of millions of workers — CenturyLink is taking an immediate, aggressive, and industry-leading approach to ensure the safety, financial health, and well-being of its employees.

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  • Hedge Funds Were Buying CenturyLink, Inc. (CTL) Before The Coronavirus
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    Hedge Funds Were Buying CenturyLink, Inc. (CTL) Before The Coronavirus

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

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  • CenturyLink (CTL) Down 33.1% Since Last Earnings Report: Can It Rebound?
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    CenturyLink (CTL) Down 33.1% Since Last Earnings Report: Can It Rebound?

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  • Trade Alert: The Executive VP & CFO Of CenturyLink, Inc. (NYSE:CTL), Indraneel Dev, Has Just Spent US$270k Buying Shares
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    Trade Alert: The Executive VP & CFO Of CenturyLink, Inc. (NYSE:CTL), Indraneel Dev, Has Just Spent US$270k Buying Shares

    Potential CenturyLink, Inc. (NYSE:CTL) shareholders may wish to note that the Executive VP & CFO, Indraneel Dev...

  • CenturyLink Boosts Cloud Solutions Portfolio With IBM Cloud
    Zacks

    CenturyLink Boosts Cloud Solutions Portfolio With IBM Cloud

    CenturyLink (CTL) extends collaboration with IBM to offer seamless cloud and networking solutions for a plethora of businesses and consumers by leveraging Cloud Direct Link services of IBM.

  • CenturyLink Simplifies Cloud Networking with Self-Service Connectivity to IBM Cloud
    PR Newswire

    CenturyLink Simplifies Cloud Networking with Self-Service Connectivity to IBM Cloud

    CenturyLink continues to make it simple for businesses seeking adaptive cloud connectivity by adding IBM Cloud to its growing Cloud Connect Dynamic Connections portfolio. Through IBM Cloud Direct Link services, businesses gain the secure and reliable connections they need to accelerate their hybrid cloud strategies with IBM hybrid and public cloud offerings.

  • Oppenheimer: 2 Big 8% Dividend Stocks to Buy (And 1 to Avoid)
    TipRanks

    Oppenheimer: 2 Big 8% Dividend Stocks to Buy (And 1 to Avoid)

    In a recent note to investors, Oppenheimer Chief Investment Strategist John Stoltzfus takes up the issue of COVID-19 and its impact on the markets. He notes that the drop in stocks came along with a strong US jobs data which substantially exceeded expectations, but virtually ignored by the markets.“Economic data released last week in the US tied to job growth, wages and unemployment significantly exceeded economist survey expectations but were paid little attention and disregarded as they were considered to be “in the rearview mirror data points” rather than evidence that the economy is facing the coronavirus packet of uncertainty from a position of strength rather than weakness," Stoltzfus wrote. The analyst added, "We are not physicians or epidemiologists but as experienced market strategists we can’t help but think that the equity and bond markets’ response to the current coronavirus situation (as tragic and serious as it is) looks very much overdone."A situation like this is tailor-made for defensive stock plays – and that will naturally bring investors to look at high-yield dividend stocks. But not all dividend stocks are created equal. Oppenheimer’s top-rated analysts made several recent calls highlighting some of those differences, and we’ve use the TipRanks database to pull up the details. Let’s take a closer look.Solar Capital, Ltd. (SLRC)We’ll start with Solar Capital, one of Oppenheimer’s Buy-side calls. This business development company generates income through debt and equity investments in leveraged companies, pumping capital into their investment-grade loans.SLRC reported a Q4 2019 net investment income of $17.1 million, coming out to 41 cents per share. Earnings for the 2019 fiscal year came to $72.4 million, or $1.71 per share. The company’s investment portfolio finished the year performing 98.4% at cost.The strong performance supported the company board’s Q1 2020 declaration of a 41-cent per share dividend, payable in April to shareholders of record as of March 19. The dividend has been steady at this level for the last two years; the current payout ratio, 100%, indicates that the company’s full profit is being shared with investors, as is not uncommon with BDCs. The dividend yield, 8.7%, is well over 4x the average among S&P listed companies, and nearly 9x higher than Treasure bond yields – providing a strong incentive for income-minded investors.Oppenheimer analyst Chris Kotowski, rated 5-stars by TipRanks, sees a clear path to further gains here, and writes in his recent note on this stock, “Given a predominantly floating-rate portfolio in a time of rising rates, differentiated equipment financing and life science lending, and strong credit trends due to a focus on senior secured investments, we believe SLRC presents one of the better risk/reward profiles in the space…”Kotowski’s $23 price target implies a 22% upside potential and supports his Buy rating. (To watch Kotowski’s track record, click here)Overall, SLRC gets a Moderate Buy rating from the analyst consensus, based on an even split: 2 Buys and 2 Holds. Shares are priced at $17.57, and the average price target, $22, indicates room for a 24% growth potential. (See Solar Capital stock analysis on TipRanks)CenturyLink, Inc. (CTL)The next stock on our list might not strike you as an intuitive buy – but the dividend, and improving performance in the most recent reported quarter, give this stock an argument for investors’ interest. CenturyLink is a cloud-based communication services tech firm, offering solutions in networks and online security. The company, based in Louisiana, brings in over $23 billion in annual revenue and boasts a market cap of $13 billion.CTL met earnings expectations in Q4 2019, posting an EPS of 33 cents. While down 10.8% from the year before, the Q4 number was up 6.4% sequentially, and represented a positive contrast to Q3’s failure to meet the forecast. Q4 revenues also beat estimates, by a half percent; the top-line number was $5.57 billion.The earnings – even in Q3 – have been strong enough to support a 25-cent quarterly dividend, which the company has held steady for 5 quarters. Overall, CTL has a 5-year history of reliably paying out profits to shareholders. The current payment gives a yield of 8.3%, which, like SLRC above, compares favorably with both Treasury notes and the average stock’s yield. Combined with the company’s 15% share gain over the past 12 months, it becomes clear why Oppenheimer has come down on the positive side for this stock.5-star analyst Timothy Horan wrote the research note on CTL for Oppenheimer, and gave the stock a Buy rating. His $16 price target shows his confidence in a 33% upside potential.In support of his rating, Horan stated, “Revenue trends continued to improve in 4Q19, driven by growth in enterprise, IGAM, and broadband... Enterprise bookings look solid with recent government contract wins, but this will take time to materialize in revenue. Expanding fiber builds is benefiting broadband/enterprise, and we believe the company is well positioned to capture higher-quality customers… 20% FCF yield remains attractive and accrues to shareholders through a paydown in debt of $2 billion-plus per year plus a $1 billion dividend.” (To watch Horan’s track record, click here.)CenturyLink’s recent underperformance is still reflected in its analyst consensus rating -- Hold. That consensus view is based on 3 Holds, 3 Sells, and 2 Buys. Shares are trading at $10.82, and the average price target of $13.36 suggests a possible upside of 23%. (See CenturyLink stock analysis on TipRanks.)Apollo Global Management LLC (APO)Apollo Global Management is an alternative investment management company that takes a contrarian approach, creating risk-adjusted opportunities for investors. The company’s assets under management include credit, infrastructure, real estate, and private equity instruments, giving the Apollo a diversified portfolio totaling $331 billion.Apollo reported solid gains in Q4 2019, with quarterly EPS coming in at 59 cents and the full-year number at $2.19. The company saw capital inflows of $64 billion during the year, which gives it strong momentum going forward into 2020.The quarterly performance supported an 89-cent per share cash dividend, paid out at the end of February to stockholders of record as of February 11. The payment was 78% higher than the Q3 dividend; APO has a history of adjusting dividend payments to current conditions. Annualized, the payment gives a payout of $3.56 per share and a yield of 8.8%. It’s a clear attraction for the stock, especially given APO’s 12-month share appreciation of 48%.That share appreciation, however, led Oppenheimer to downgrade the stock in January from Buy to Hold. Analyst Chris Kotowski, quoted above, made the call, on the theory that further gains will overvalue the stock.In his note, Kotowski wrote, “We like APO's business model and think it will be among the secular winners in the new financial landscape as regulation and economic forces push more activity out of the regulated banking sector…, but remain on the sidelines for now given the current valuation.” He declined to put a specific price target on APO shares. (To watch Kotowski’s track record, click here)Overall, Apollo’s Moderate Buy analyst consensus rating is based on an even split – with 12 reviews, the stock has 6 Buys and 6 Holds. The $52.40 average price target suggests a 48% premium from the current share price of $34.95. (See Apollo stock analysis on TipRanks)

  • CenturyLink Expands Its Celebrations of International Women's Day and Women's History Month
    PR Newswire

    CenturyLink Expands Its Celebrations of International Women's Day and Women's History Month

    CenturyLink (NYSE: CTL) is dedicated to celebrating diversity in the workplace. This month, the company is recognizing Women's History Month and International Women's Day with expanded celebrations to highlight the contributions of pioneering women's historical accomplishments, as well as share inspirational examples of today's women in the workforce and their eyes on the prize as they help create tomorrow's opportunities.

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  • Dividend Stocks Are Screaming-Hot Buys Once Coronavirus Fears Fade
    InvestorPlace

    Dividend Stocks Are Screaming-Hot Buys Once Coronavirus Fears Fade

    You don't grab a falling knife. But you don't want to pass up a bargain. The coronavirus from China has revealed a host of potential bargains in the market's minefield. Let things settle. Wait for a nothing day with the market closing slightly higher, and some (but not all) of the panic to go away. Then, assuming you still have some cash, pounce on some dividend stocks.Source: Shutterstock With the 30-year bond trading at 1.8%, and the 10-year at 1.2%, any stock offering regular income is a bargain. Look for companies with a track record of defending their dividends, and enough earnings to sustain them. The Income RackAT&T (NYSE:T) is not one of my favorite companies. But it opened for trade Feb. 28 at about $35 per share. This means the 52-cent-per-share dividend now yields 5.82%. The telecom space is filled with fat dividends. Verizon (NYSE:VZ) yields 4.3% today. Vodafone (NYSE:VOD), which is still big internationally, yields 5.37%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Quantum Computing Stocks Trading Today Just don't reach too far for yield. If the business smells a bit off, a fat yield won't change things. CenturyLink (NYSE:CTL), for instance, yields 7.84%, but it's losing money. I have the same problem with the oil patch. Exxon Mobil (NYSE:XOM) is now yielding 6.56%, but it costs $14.7 billion to pay that out. Last year, it made just $14.3 billion.There are bargains in tech stocks, like International Business Machines (NYSE:IBM). It's offering a yield of 4.87% today. You won't get that from your bank. Or consider Cisco Systems (NASDAQ:CSCO), now trading at under $40 per share with a yield of 3.6%.Speaking of banks, do you know that Wells Fargo (NYSE:WFC) is yielding 4.62% as trading opens? It earns that back twice over. Truist Financial (NYSE:TFC), formerly Suntrust and BB&T, is now yielding 3.55%, and Regions Financial (NYSE:RF) is yielding 4.25%. You might also look at insurers such as Prudential Financial (NYSE:PRU), yielding 5.37%,Over on the pharmacy aisle, CVS Health (NYSE:CVS) is yielding 3.35%, and Walgreens Boots Alliance (NASDAQ:WBA) is yielding 3.84%. Among retailers, Target (NYSE:TGT) now yields 2.39%.Some of the best bargains are the data center real estate investment trusts. These are real estate companies whose warehouses are filled with servers and fiber cables, providing vital interconnects for the cloud internet. The market has favored them for years, but they're now on sale at 10% off. Digital Realty Trust (NYSE:DLR) now offers a yield of 3.55%. CyrusOne (NASDAQ:CONE) yields 3.02%. Crown Castle International (NYSE:CCI), which rents cellphone towers, yields 3.23%.I know there are people suggesting consumer staples are what you should buy. I find my WiFi connection more essential than ketchup, but Kraft Heinz (NASDAQ:KHC) is yielding 6.14% today. I feel safer with another Brazilian-controlled operation, Restaurant Brands International (NYSE:QSR). It owns Burger King, Popeye's and Tom Horton's. Its yield is just 3.37%.Still, not bad. When Is It Safe to Buy Dividend Stocks?While the safest bets for now are going to be in stocks offering income in the form of dividends, you may want to know when the all clear has sounded before jumping in.That all-clear will have been sounded when big-time cloud stocks come roaring back. These stocks have been beaten down terribly. I sold Amazon (NASDAQ:AMZN) just before the crash at almost $2,200 per share. They're now at $1,858, but they won't stay there long. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) may be bottoming at $1,300.When Apple (NASDAQ:AAPL) starts looking good at $267 per share, or Microsoft (NASDAQ:MSFT) gets recommended at $155, it's going to be time to buy. That's because capital gains will again be in fashion. The danger is that by the time the cloud kings rise again, some of the income bargains may have been swept away.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in WFC, CVS, MSFT, AAPL, MSFT, AMZN, DLR, CSCO and QSR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Your 10-Year-Old * 5 Hot Cannabis Stocks to Snap Up * Buy These 5 Super Fast-Growth Dividend Stocks While They Are Down The post Dividend Stocks Are Screaming-Hot Buys Once Coronavirus Fears Fade appeared first on InvestorPlace.

  • CenturyLink to Present at the Morgan Stanley 2020 Technology, Media & Telecom Conference
    PR Newswire

    CenturyLink to Present at the Morgan Stanley 2020 Technology, Media & Telecom Conference

    Neel Dev, executive vice president and CFO of CenturyLink Inc. (NYSE: CTL), will present at the Morgan Stanley 2020 Technology, Media & Telecom Conference in San Francisco, Calif., on March. 2. The presentation is scheduled to begin at 12:45 p.m. PT.

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  • vXchnge Bolsters Cloud Access and Interconnect Options Through CenturyLink Partnership
    PR Newswire

    vXchnge Bolsters Cloud Access and Interconnect Options Through CenturyLink Partnership

    vXchnge, an award-winning data center provider, announces today that CenturyLink, a technology leader in hybrid networking, cloud connectivity and security solutions, has deployed its Cloud Connect Solution in vXchnge's edge data centers. CenturyLink's Cloud Connect Solution offers secure, high-performance and virtualized networking functionality, including SD-WAN, to leading public and private clouds, including Amazon Web Services, Microsoft Azure, Google Cloud, IBM Cloud and Oracle Cloud Infrastructure, among others.

  • CenturyLink Augments Cloud Solutions With Azure MSP Program
    Zacks

    CenturyLink Augments Cloud Solutions With Azure MSP Program

    CenturyLink (CTL) collaborates with Microsoft Azure's Networking Managed Service Provider Program to offer seamless cloud and networking solutions for a plethora of businesses and consumers.

  • CenturyLink Joins Networking Managed Service Provider Program for Microsoft Azure
    PR Newswire

    CenturyLink Joins Networking Managed Service Provider Program for Microsoft Azure

    As businesses move enterprise workloads to the Edge and increasingly use multi-cloud environments, seamless integration of networking and cloud is paramount to optimize performance. To help customers better connect, migrate, manage and optimize their Microsoft Azure environments, CenturyLink, Inc. (NYSE: CTL) has joined the Networking Managed Service Provider (MSP) Program for Microsoft Azure. CenturyLink can now provide comprehensive network and consultation services around Azure services to make it easier for customers to connect and build cloud solutions.

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