It May Be Time to Sell Shares of CenturyLink Inc (NYSE:CTL) as Macquarie Has Downgraded The Company

May 16, 2018 - By Adrian Erickson

CenturyLink, Inc. (NYSE:CTL) Logo

Investors sentiment increased to 1.99 in 2017 Q4. Its up 1.04, from 0.95 in 2017Q3. It is positive, as 78 investors sold CenturyLink, Inc. shares while 110 reduced holdings. 118 funds opened positions while 256 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported.

Covington Capital holds 0% or 4,081 shares in its portfolio. Raymond James & has invested 0.03% in CenturyLink, Inc. (NYSE:CTL). Synovus Fin accumulated 114,924 shares or 0.03% of the stock. Blair William & Company Il owns 0% invested in CenturyLink, Inc. (NYSE:CTL) for 33,607 shares. Lenox Wealth Advisors holds 0% or 50 shares. 3.11 million were reported by Reaves W H. Credit Cap Invs Ltd holds 1.82% or 105,000 shares in its portfolio. Daiwa Gru Inc reported 28,667 shares. Tru Asset Mngmt stated it has 0.03% in CenturyLink, Inc. (NYSE:CTL). Mhr Fund Management Ltd Limited Liability Company invested in 0.19% or 250,000 shares. Reilly Advsrs Limited Liability accumulated 1,373 shares. Kistler has 2,217 shares for 0.01% of their portfolio. Investment Advsrs Ltd Liability Com has invested 0.01% in CenturyLink, Inc. (NYSE:CTL). State Of Tennessee Treasury Department holds 0.02% or 251,657 shares in its portfolio. Moneta Gp Inv Advsr reported 0% in CenturyLink, Inc. (NYSE:CTL).

Since April 3, 2018, it had 2 insider buys, and 0 insider sales for $215.07 million activity.

CenturyLink Inc (NYSE:CTL) Receives a Downgrade

CenturyLink Inc (NYSE:CTL)‘s stock was decreased to a solid “Sell” by stock analysts at Macquarie, who now has a TP of $17.5000. Their target is -9.14 % from CTL’s current share price.

CenturyLink, Inc. (NYSE:CTL) Ratings Coverage

Among 7 analysts covering CenturyLink (NYSE:CTL), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. CenturyLink has $27.0 highest and $17 lowest target. $20.72’s average target is 7.58% above currents $19.26 stock price. CenturyLink had 7 analyst reports since December 13, 2017 according to SRatingsIntel. The company was maintained on Wednesday, February 21 by Bank of America. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, December 13 report. Cowen & Co maintained CenturyLink, Inc. (NYSE:CTL) rating on Thursday, February 15. Cowen & Co has “Hold” rating and $19.0 target. Barclays Capital upgraded the stock to “Equal-Weight” rating in Friday, December 15 report. On Monday, January 8 the stock rating was upgraded by Goldman Sachs to “Neutral”. On Thursday, January 25 the stock rating was upgraded by RBC Capital Markets to “Outperform”.

The stock decreased 0.57% or $0.11 during the last trading session, reaching $19.26. About 8.62M shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 17, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on August, 1. They expect $0.21 earnings per share, down 54.35 % or $0.25 from last year’s $0.46 per share. CTL’s profit will be $226.57M for 22.93 P/E if the $0.21 EPS becomes a reality. After $0.25 actual earnings per share reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -16.00 % negative EPS growth.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental clients in the United States. The company has market cap of $20.78 billion. It operates through two divisions, Business and Consumer. It has a 8.71 P/E ratio. The firm offers broadband services, which allow clients to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites.

More notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” on May 10, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” on May 16, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: Seekingalpha.com and their article: “CenturyLink -1.2% as Macquarie downgrades to Underperform” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “CenturyLink: Streamlining A Fat Dividend” with publication date: May 16, 2018.

CenturyLink, Inc. (NYSE:CTL) Institutional Positions Chart

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