CTL - CenturyLink, Inc.
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 10.03 |
| Open | 9.97 |
| Bid | 9.87 x 800 |
| Ask | 9.94 x 2900 |
| Day's Range | 9.83 - 10.17 |
| 52 Week Range | 8.16 - 15.30 |
| Volume | 8,863,009 |
| Avg. Volume | 11,904,474 |
| Market Cap | 10.832B |
| Beta (5Y Monthly) | 0.99 |
| PE Ratio (TTM) | 8.77 |
| EPS (TTM) | 1.13 |
| Earnings Date | Aug 05, 2020 - Aug 10, 2020 |
| Forward Dividend & Yield | 1.00 (9.97%) |
| Ex-Dividend Date | May 29, 2020 |
| 1y Target Est | 9.86 |
Fair Value
Related Research
- Zacks
CenturyLink Augments Fiber Footprint, Gets NASA's Contract
CenturyLink (CTL) has more than 17,000 miles of fiber and one million connections in Minnesota.
- PR Newswire
New Intelligence Reveals that Alina Point-of-Sale Malware is Still Lurking in DNS
Point-of-Sale (POS) malware is nothing new, and the Alina malware – which cyber criminals use to scrape credit card numbers from POS systems – has been around for many years. New intelligence from CenturyLink's Black Lotus Labs, however, revealed that criminals are not yet done with Alina, and they continue to find new ways to use it to steal unsuspecting victims' credit- and debit-card data.
- PR Newswire
CenturyLink Announces Redemption of Qwest Corporation 6.875% Notes due 2054
CenturyLink Inc. (NYSE: CTL) today announced that Qwest Corporation, its indirect, wholly-owned subsidiary ("Qwest"), has issued notices to redeem the remaining $300 million outstanding aggregate principal amount of its 6.875% Notes due 2054 (the "Qwest Notes").
- PR Newswire
IEIC Welcomes Netskope as a 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 Netskope, a leader in cloud application analytics and policy enforcement, has joined as a founding member.
- PR Newswire
NASA Entrusts CenturyLink With More Network Connectivity Business
CenturyLink, Inc. (NYSE: CTL) recently won a second task order from the National Aeronautics and Space Administration to manage all of NASA's voice traffic and provide fast, secure network connectivity to NASA's more than 15 space centers and regional research facilities.
- PR Newswire
CenturyLink Announces Completion of Partial Redemption of Qwest Corporation 6.875% Notes due 2054
CenturyLink Inc. (NYSE: CTL) today announced that Qwest Corporation, its indirect, wholly-owned subsidiary ("Qwest"), pursuant to the redemption notice issued on June 10, 2020, has completed a partial redemption of $200 million in outstanding principal amount of its 6.875% Notes due 2054 (the "Qwest Notes").
- Zacks
Telecom Stock Roundup: VZ Expands VNS Portfolio, CTL Extends Alliance & More
While Verizon (VZ) expands virtual networking capabilities, CenturyLink (CTL) extends partnership to better serve customers.
- PR Newswire
Research into Network-Based DDoS Mitigation Service Shows Significant Financial Benefits for Enterprise Customers
Results of a recently commissioned Total Economic Impact™ (TEI) study that Forrester Consulting conducted on behalf of CenturyLink show significant financial benefits for companies that use CenturyLink's network-based DDoS mitigation service.
- Barrons.com
Here Are 10 of the Cheapest Stocks in the S&P 500
One way to play a potential revival in out-of-favor value investing is a classic approach: buying stocks with low price-to-earnings ratios. Barron’s screened the S&P 500index for the 10 companies with the lowest P/E ratios based on projected 2020 earnings and market values above $5 billion, using FactSet. The group includes some well-known companies like (VIAC) (ticker: VIAC), Walgreens Boots Alliance (WBA), (PRU) (PRU), and (MET) (MET).
- Zacks
CenturyLink Extends SAP Alliance to Serve Singapore Customers
The expanded business collaboration by CenturyLink (CTL) is likely to minimize disruption and support business continuity amid coronavirus-induced turmoil and market volatility.
- PR Newswire
CenturyLink and SAP Extend Global Alliance to Singapore
CenturyLink, Inc. (NYSE: CTL), today announced that it has entered into an agreement to expand its global SAP alliance to Singapore. This extension allows customers to access SAP business management solutions supported by managed end-to-end applications, hybrid cloud and edge capabilities and backed by CenturyLink's secure, global network.
- Zacks
CenturyLink Augments Network Footprint in Latin America
CenturyLink (CTL) deploys 800-km fiber optic route between Colombia and Ecuador to address the networking requirements of enterprise customers, thereby expanding its Latin American footprint.
- Motley Fool
Is CenturyLink's 9.9% Dividend Yield Safe?
CenturyLink investors are probably wondering if this is 2019 all over again or if this time they can count on this high-yield stock.
- PR Newswire
Level 3 Financing Completes Private Offering of Senior Notes
CenturyLink Inc. (NYSE: CTL) announced that Level 3 Financing Inc., its indirect, wholly-owned subsidiary ("Level 3 Financing"), completed its previously announced private offering of $1.2 billion aggregate principal amount of its unsecured 4.250% Senior Notes due 2028 (the "2028 Notes").
- PR Newswire
CenturyLink Anchors Network at NJFX Cable Landing Station Colocation Campus
NJFX, the only Cable Landing Station (CLS) colocation campus in the U.S. offering Tier 3, carrier-neutral data center capabilities, announces today that CenturyLink Inc. (NYSE: CTL), a technology leader delivering hybrid networking, cloud connectivity, and security solutions, has anchored at NJFX with an underground terrestrial fiber network, linking key routes across North America.
- Thomson Reuters StreetEvents
Edited Transcript of CTL earnings conference call or presentation 6-May-20 9:00pm GMT
Q1 2020 Centurylink Inc Earnings Call
- Insider Monkey
Should You Be Tempted To ‘Sell’ Centurylink (CTL) Stock
Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Miller Value Partners Opportunity Equity Fund posted a return of -38.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Miller […]
- PR Newswire
CenturyLink Announces Pricing of Private Offering of Level 3 Financing Senior Notes
CenturyLink Inc. (NYSE: CTL) announced that Level 3 Financing Inc., its indirect, wholly-owned subsidiary ("Level 3 Financing"), has agreed to sell $1.2 billion aggregate principal amount of its unsecured 4.250% Senior Notes due 2028 (the "2028 Notes") pursuant to the private offering announced earlier today.
- Moody's
Level 3 Financing, Inc. -- Moody's assigns Ba3 to CenturyLink's proposed senior unsecured notes
Moody's Investors Service (Moody's) has assigned a Ba3 to CenturyLink, Inc.'s (CenturyLink) proposed $1 billion senior unsecured notes due 2028 (Unsecured Notes) which will be issued by Level 3 Financing, Inc. (LFI). The net proceeds from the sale of the Unsecured Notes, together with cash on hand, will be used to pay down the 5.375% senior notes due 2022 and for general corporate purposes.
- PR Newswire
CenturyLink Announces Proposed Private Offering of Level 3 Financing Senior Notes
CenturyLink Inc. (NYSE: CTL) announced that Level 3 Financing Inc., its indirect, wholly-owned subsidiary ("Level 3 Financing"), plans to offer $1 billion aggregate principal amount of fixed-rate, eight-year unsecured senior notes (the "2028 Notes") in a proposed private offering that will not be registered under the Securities Act of 1933, as amended (the "Securities Act").
- 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 not necessarily the stocks that have been doing the 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.
- Zacks
CenturyLink (CTL) Up 11.4% Since Last Earnings Report: Can It Continue?
CenturyLink (CTL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Telecom Stock Roundup: T-Mobile Sets 5G Landmark, TELUS Selects 5G Vendors & More
While T-Mobile (TMUS) offers 5G services across all 50 states, TELUS (TU) snubs Huawei for Nordic firms to deploy 5G across Canada.
- 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 […]
- Zacks
CenturyLink Expands Fiber Gigabit in Boulder to Meet Demand
CenturyLink's (CTL) fiber Internet services include quick upload and download speeds as well as the ability to support users on multiple devices at the same time
