CenturyLink ( CTL) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 1.4%. By the end of trading, CenturyLink rose $0.43 (1.2%) to $35.28 on light volume. Throughout the day, 3,515,327 shares of CenturyLink exchanged hands as compared to its average daily volume of 5,700,200 shares. The stock ranged in a price between $34.98-$35.73 after having opened the day at $35.00 as compared to the previous trading day's close of $34.85. Other companies within the Telecommunications industry that increased today were: Towerstream Corporation ( TWER), up 13.0%, InfoSonics Corporation ( IFON), up 11.6%, Trunkbow International Holdings ( TBOW), up 11.6% and EXFO ( EXFO), up 10.5%.
CenturyLink, Inc. operates as an integrated telecommunications company in the United States. CenturyLink has a market cap of $21.3 billion and is part of the technology sector. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7. Shares are down 10.9% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 7 rate it a hold. TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.