NEW YORK (TheStreet) -- CenturyLink
(CTL) stock is gaining today after the telecom reported better-than-expected earnings over its first quarter.
By late morning, shares had added 5.3% to $36.48.
Over the three months to March, the company reported net income of 66 cents a share and revenue of $4.54 billion. Analysts surveyed by Thomson Reuters anticipated 61 cents a share and $4.48 billion.
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TheStreet Ratings team rates CENTURYLINK INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CENTURYLINK INC (CTL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself."
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