Latest Figure Make this Stock Even More prominent: CenturyLink, Inc. (NYSE: CTL)

On 24 Dec 2019, CenturyLink, Inc. (NYSE: CTL) spotted trading -21.43% off 52-week high price. On the other end, the stock has been noted 36.51% away from the low price over the last 52-weeks. The stock changed -0.23% to recent value of $13.16. The stock transacted 3427160 shares during most recent day however it has an average volume of 11868.53K shares. The company has 1099.3M of outstanding shares and 1082.46M shares were floated in the market.

CenturyLink, Inc. (CTL) recently stated results for the third quarter ended September 30, 2019.

“CenturyLink continues investing in both growth and operational efficiency,” stated Jeff Storey, president and CEO of CenturyLink. “You can see the benefits of those investments with the year-over-year growth in Enterprise and International/Global Accounts business units, together with expansion of Adjusted EBITDA margins.  We remain committed to delivering an excellent consumer experience while enhancing our product capabilities and expanding what I believe is the world’s best fiber network.”

Cash Flow

Free Cash Flow, not including integration and transformation costs and special items, was $983M in the third quarter 2019, contrast to $1.163B in the third quarter 2018.

As of September 30, 2019, CenturyLink had cash and cash equivalents of $1.404B, which includes proceeds from Level 3 financing’s 4.625% Senior Notes issued in the third quarter. In October, using those proceeds, the company paid down $400M of debt and is planned to pay down an additional $600M in December.

2019 Business Outlook

“Year-to-date, Adjusted EBITDA grew contrast to the same period in 2018, driven by our continued focus on profitable revenue and cost transformation initiatives,” stated Neel Dev, CenturyLink’s executive vice president and chief financial officer.  “We are happy with our solid performance and are reiterating all of our financial outlook measures for the full year 2019.”

 Its earnings per share (EPS) expected to touch remained -434.90% for this year while earning per share for the next 5-years is expected to reach at 7.40%. CTL has a gross margin of 54.80% and an operating margin of -23.80% while its profit margin remained -35.00% for the last 12 months. According to the most recent quarter its current ratio was 0.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.54% from the mean of 20 days, -4.34% from mean of 50 days SMA and performed 8.31% from mean of 200 days price. Company’s performance for the week was 0.23%, -12.09% for month and YTD performance remained -13.14%.

 

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