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