On a downside, CenturyLink, Inc. (NYSE:CTL) is likely to find some support, which begins at $15.96. On the upside, the stock will test short term resistance at around $16.47. The failure to get near-term support could push it to $15.65. Its 50 day simple moving average (SMA 50) price is $17.76 and its 200-day simple moving average (SMA 200) price is $19.22. The company’s stock currently has a total float of 1.06B shares. Its weekly volatility is hovering around 3.26% and felt 4.17% volatility in price over a month.
CTL stock has been range bound between the range of $15.85 and $15.85 during the whole day. The stock finished Friday at $16.27. The 1.69% uptrend helped its market value to reach at $17.29B. The price went up as high as $15.85 before retreating. Trading activity significantly weakened as the volume at ready counter decreased to 12,741,175 shares versus 14,651,005 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 14,544,387 shares. The stock is now 16.46% above against its bear-market low of $13.97 on December 26, 2018. It has retreated -48.74% since it’s 52-week high of $24.2 reached in August. Now the market price is down -6.92% on the year and up 7.39% YTD.
Separately, it has been reported that multiple insider activity took place at CenturyLink, Inc. (CTL). Director Clontz Steven T acquired 8,207 shares for $229,470 in transaction occurred on 2018/12/11. After making this transaction, the Director owns a direct stake of 141,160 shares, worth $3,733,477, as per the last closing price. On 2018/12/04 Trezise Scott, EVP, Human Resources at CTL, dumped 53,164 shares at an average price of $18.88 per share. The selling total is valued at $3,056,596.
Director, Post Glen F Iii had divested 150,000 shares for $1,425,859 through a trade on 2018/08/21. Following this activity, the insider holds 3,600,000 shares worth $23,198,726 as of recent close. Wall Street’s most bullish CenturyLink, Inc. (NYSE:CTL) analysts are predicting the share price to blow past $29 per share during the next 12 months. The current median share price forecast by them is $20.5, suggesting that the stock could increase 26% in that time frame. The average price target of $21.31 calls for a nearly 30.98% increase in the stock price.
When looking at valuations, CenturyLink, Inc. (CTL) has a pricey P/E of 24.88x as compared to industry average of 19.46x. Moreover, it trades for 13.37 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.76x price/book and 0.75x price/sales. Compared to others, CenturyLink, Inc. is in a different league with regards to profitability, having net margins of 7.8%. To put some perspective around this, the industry’s average net margin is 22.28%. CTL’s ROE is 7.7%, which is also considerably worse than the industry’s ROE of 22.19%. It’s also not liquid in the near term, with a current ratio of 0.8. The stock has a debt/capital of 1.6.
Shares of CenturyLink, Inc. (CTL) have dropped -22.8% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, CenturyLink, Inc. (NYSE:CTL) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 5 quarters (41%), whereas at 0 occasion EPS met analyst expectations. CTL last reported earnings on November 08, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.3 per share, 50% change on the same period last year. That was worse than consensus for $0.3. Revenue for the recent quarter stood at $5.82 billion, up 44% on last year and below the $5.88 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.73 billion to $5.86 billion, which should be compared with $5.07 billion generated last year. EPS is seen in a range of $0.2 to $0.39, against the $0.29 reported a year ago.