CenturyLink, Inc. (NYSE:CTL) stock is presently standing at about $24.40 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $28.00, which suggests the stock could still rise over 13 percent. The highest analyst price target is $42.00, which implies a rally of 28 percent. And a quick view of analyst notes show that 2 are rating the stock a buy while 2 rate CTL a strong buy. There are 7 equity research firms advocating a Hold and 1 consider it Sell.
Oppenheimer analysts provided their view on CenturyLink, Inc. (NYSE:CTL) recently. The rating firm issued a Outperform rating to this company in a research note released on Nov 08, 2016. Raymond James analysts disclosed their opinion on CenturyLink, Inc. (NYSE:CTL) recently. The rating firm gave a Mkt Perform rating to this stock in a research note published on Oct 28, 2016. According to a research note disclosed on Jul 18, 2016, analysts at Morgan Stanley have lowered their rating on these shares from Equal-Weight to Underweight.
CenturyLink, Inc. (NYSE:CTL) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its EVP, Chief Technology Officer Hussain Aamir Purchased 14,580 company shares for $349000.92, in a transaction on 2016-11-10. Following the transaction, the EVP, Chief Technology Officer is left with a stake of 349.92 shares, currently valued at $8538. Meanwhile, Director OWENS WILLIAM ARTHUR purchased 42,800 shares worth $999000.38, through a transaction dated 2016-11-07. Following the completion of the transaction, the insider is left with a stake of 95,275 shares, amounting $2324710. CTL Director Bejar Martha Helena also purchased 8,250 shares, at a stock price of $23.41. This transaction occurred on 2016-11-07 totals $193000.13. After this transaction, the insider’s stake stands at 13,109 shares, with a market value of $319860.
Executives hold 0.77 percent of the stock. Glen F. Post,III is one of the biggest insider owners in CenturyLink, Inc. (NYSE:CTL), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,249,717 shares which have current market value of around $30493094.8.James Ousley is another major inside shareholder in the company. The insider owns 393,839 shares as of less than 0.1%, currently worth $9609671.6. R. Stewart Ewing,Jr is ranked as third insider holder of the stock. This insider holds 233,920 shares with a market value around $5707648 as of recent close.
CenturyLink, Inc. (NYSE:CTL) Earnings Outlook
In CenturyLink, Inc. (NYSE:CTL)’s latest quarter, EPS moved to $0.56 from $0.63 in preceding quarter and revenues reached at $4,382.00M compared to $4,398.00M. Analysts had expected CenturyLink, Inc. (NYSE:CTL) to post net income of about $0.55 per share on $4,376.61M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.54 to $0.65. That is compared with the $0.80 in EPS it reported during the same period a year ago.