On October 19 Cowen and Company made no change to the company rating of “Hold” with a current price target of $24.00. November 1 investment analysts at SunTrust Banks made no change to the stock rating of “Hold” targeting a price of $25.00.
On November 9 Deutsche Bank AG left the stock rating at “Hold” projecting a price of $16.00. November 9 investment analysts at J P Morgan Chase & Co maintained a company rating of “Buy” projecting a price of $26.00.
Jefferies Group LLC lowered the price target of the stock on November 9 cutting the projection from $0.00 to $17.00 and issued a “Hold” rating. Equity analyst Oppenheimer Holdings lowered the price target on November 10 changing the price objective from $28.00 to $20.00 and stated a “Outperform” rating.
The company is up since yesterday’s close of 14.4.
CenturyLink, Inc., launched on May 7, 1968, is an integrated communications company. The Company is involved in providing an array of communications services to its residential and business customers. The Business’s segments include business and consumer. Its communications services include local and long-distance voice, broadband, Multi-Protocol Label Switching (MPLS), private line (including special access), Ethernet, colocation, hosting (including cloud hosting and managed hosting), data integration, video, network, public access, Voice over Internet Protocol (VoIP), information technology and other ancillary services..
The company currently has a P/E ratio of 25.54 and the market cap is 15.83B. In the last earnings report the EPS was $0.58 with 1.07B shares now outstanding.
Investors are a little more bearish on shares of Centurylink of late if you put credence in the rise in short interest. The company realized a rise in short interest between October 13, 2017 and October 31, 2017 of 13.82%. Short interest grew from 121,919,354 to 138,766,016 over that timeframe. Days to cover decreased -1.0 to 9.0 and the percentage of shorted shares is 0.13% as of October 31.