Centurylink (NYSE:CTL) Getting Somewhat Favorable News Coverage, Accern Reports
News stories about Centurylink (NYSE:CTL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Centurylink earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.1419711728696 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Snow Capital Management LP Has $5.20 Million Position in Centurylink Inc (CTL) (americanbankingnews.com)
- CenturyLink Names Jeff Storey To Succeed Glen Post As CEO (markets.businessinsider.com)
- CenturyLink (CTL) CEO Glen Post to Retire in May; Jeff Storey will Become CEO and President (streetinsider.com)
- CenturyLink CEO Glen Post to retire in May effective on date of CenturyLink’s 2018 Annual Shareholders’ Meeting (finance.yahoo.com)
- CenturyLink CEO Glen Post to retire in May; COO Jeff Storey to take over his role (finance.yahoo.com)
Centurylink (CTL) traded up $0.25 during trading on Tuesday, reaching $18.09. The company’s stock had a trading volume of 6,996,218 shares, compared to its average volume of 12,620,078. Centurylink has a 52 week low of $13.16 and a 52 week high of $27.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.59. The firm has a market cap of $19,320.00, a PE ratio of 34.71, a price-to-earnings-growth ratio of -10.08 and a beta of 0.79.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be issued a $0.54 dividend. The ex-dividend date is Friday, March 2nd. This represents a $2.16 annualized dividend and a dividend yield of 11.94%. Centurylink’s dividend payout ratio is currently 415.38%.
CTL has been the topic of several recent analyst reports. Oppenheimer reaffirmed a “buy” rating and issued a $20.00 price target on shares of Centurylink in a research note on Tuesday, January 9th. UBS Group decreased their price target on Centurylink from $29.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $26.00 price objective on shares of Centurylink in a report on Thursday, November 9th. Bank of America cut their price objective on Centurylink from $42.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, ValuEngine upgraded Centurylink from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Centurylink has an average rating of “Hold” and an average target price of $22.01.
In other Centurylink news, CEO Glen F. Post III acquired 50,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average price of $14.17 per share, for a total transaction of $708,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William Bruce Hanks bought 10,000 shares of Centurylink stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average price of $14.41 per share, for a total transaction of $144,100.00. Following the acquisition, the insider now directly owns 58,722 shares of the company’s stock, valued at approximately $846,184.02. The disclosure for this purchase can be found here. Insiders bought a total of 150,595 shares of company stock valued at $2,154,131 over the last three months. Insiders own 0.61% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.mareainformativa.com/2018/03/14/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-centurylink-ctl-stock-price-updated-updated-updated.html.
Centurylink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include Enterprise, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and Consumer, which provides strategic and legacy products and services to residential customers.
Receive News & Ratings for Centurylink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centurylink and related companies with MarketBeat.com's FREE daily email newsletter.