CenturyLink Inc (CTL): Today's Featured Telecommunications Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 2.1%. By the end of trading, CenturyLink fell 61 cents (-1.6%) to $37.88 on average volume. Throughout the day, 5.4 million shares of CenturyLink exchanged hands as compared to its average daily volume of 5.4 million shares. The stock ranged in price between $37.55-$38.39 after having opened the day at $38.23 as compared to the previous trading day's close of $38.49. Other companies within the Telecommunications industry that declined today were:
(
), down 16.6%,
United States Cellular Corporation
(
), down 12.4%,
(
), down 10.5%, and
(
), down 10.4%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
CenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company provides local and long-distance, network access, private line, public access, broadband, data, managed hosting, colocation, wireless, and video services to consumers and businesses. CenturyLink has a market cap of $23.93 billion and is part of the technology sector. The company has a P/E ratio of 48.6, above the S&P 500 P/E ratio of 17.7. Shares are up 3.3% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate CenturyLink a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates CenturyLink as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full CenturyLink Ratings Report.
On the positive front,
China TechFaith Wireless Comm Tech
(
), up 11.3%,
(
), up 9.6%,
(
), up 8.9%, and
(
), up 7%, were all gainers within the telecommunications industry with
(
) being today's featured telecommunications industry leader.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!
.
null