CenturyLink Inc (CTL): Today's Featured Telecommunications Loser
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day down 2.3%. By the end of trading, CenturyLink Inc fell 70 cents (-1.9%) to $35.26 on light volume. Throughout the day, 4.9 million shares of CenturyLink Inc exchanged hands as compared to its average daily volume of 7.1 million shares. The stock ranged in price between $35.24-$35.91 after having opened the day at $35.75 as compared to the previous trading day's close of $35.96. Other company's within the Telecommunications industry that declined today were:
(
), down 44.9%,
(
), down 9.9%,
(
), down 9.1%, and
(
), down 8.5%.
CenturyLink, Inc., together with its subsidiaries, operates as an integrated communications company. The company provides a range of communications services, including voice, Internet, data, and video services in the continental United States. CenturyLink Inc has a market cap of $21 billion and is part of the
sector. The company has a P/E ratio of 15.8, above the average telecommunications industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 22.5% year to date as of the close of trading on Friday.
TheStreet Ratings rates CenturyLink as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and deteriorating net income.
- You can view the full CenturyLink Ratings Report.
On the positive front,
(
), up 12.4%,
(
), up 9.1%,
(
), up 8.4%, and
(
), up 6.3%, were all gainers within the telecommunications industry with
(
) being today's featured telecommunications industry winner.
- 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.
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