Centurylink Inc (NYSE:CTL) has earned a “BB+” credit rating from analysts at Morningstar. The firm’s “BB+” rating indicates that the company is an above-average default risk. They also gave their stock a four star rating.

Centurylink (NYSE:CTL) opened at 23.76 on Tuesday. Centurylink has a 12 month low of $21.94 and a 12 month high of $40.59. The firm has a 50 day moving average of $24.79 and a 200-day moving average of $26.77. The firm has a market cap of $13.04 billion and a P/E ratio of 18.28.

Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The firm earned $4.55 billion during the quarter, compared to analyst estimates of $4.49 million. Centurylink’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, equities research analysts forecast that Centurylink will post $2.56 earnings per share for the current year.

Other large investors have recently made changes to their positions in the company. Saba Capital Management raised its stake in shares of Centurylink by 285.9% in the third quarter. Saba Capital Management now owns 3,073,200 shares of the company’s stock worth $77,199,000 after buying an additional 2,276,800 shares during the last quarter. ING Groep raised its stake in shares of Centurylink by 84.3% in the third quarter. ING Groep now owns 1,029,412 shares of the company’s stock valued at $25,849,000 after buying an additional 470,870 shares in the last quarter. Finally, Eagle Asset Management raised its stake in shares of Centurylink by 225.8% in the third quarter. Eagle Asset Management now owns 243,096 shares of the company’s stock valued at $6,106,000 after buying an additional 168,480 shares in the last quarter.

CTL has been the topic of a number of other reports. Zacks Investment Research lowered shares of Centurylink from a “hold” rating to a “sell” rating in a report on Wednesday, January 6th. Cowen and Company assumed coverage on shares of Centurylink in a report on Tuesday, October 13th. They set a “market perform” rating and a $25.86 price objective on the stock. TheStreet lowered shares of Centurylink from a “buy” rating to a “hold” rating in a report on Thursday, December 10th. DA Davidson boosted their price objective on shares of Centurylink from $4.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, January 12th. Finally, Macquarie reissued an “outperform” rating and set a $37.00 price objective on shares of Centurylink in a report on Wednesday, November 11th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Centurylink currently has a consensus rating of “Hold” and an average price target of $29.24.

CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Company’s communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (NYSE:CTL), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

12 Month Chart for NYSE:CTL

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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