Morgan Stanley Downgraded CenturyLink Inc. (CTL)

CenturyLink Inc. (NYSE:CTL) was downgraded by analysts at Morgan Stanley to an “underweight” rating in a research report issued on Monday.

Shares of CenturyLink (NYSE:CTL) opened at 31.32 on Monday. The firm’s 50-day moving average price is $28.25 and its 200 day moving average price is $28.64. The company has a market capitalization of $17.10 billion and a PE ratio of 18.63. CenturyLink has a 1-year low of $21.94 and a 1-year high of $32.94.

CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. During the same quarter in the prior year, the company earned $0.67 earnings per share. The company earned $4.40 billion during the quarter, compared to analysts’ expectations of $4.43 billion. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts predict that CenturyLink will post $2.59 EPS for the current fiscal year.

Source: TheCerbat Gem