When paired with a high Zacks Rank, “A” grades in the Value category are among the strongest value stocks on the market today. One company to watch right now is CenturyLink (LUMN). LUMN is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 7.39.
Is CenturyLink in financial trouble?
CenturyLink has been hurt by a number of headlines, including executive turnover, delays in regulatory filings, weak earnings, and a reduced dividend—and its payout could shrink even further. But the company isn’t alone: The industry as a whole is dealing with the consequences of shrinking revenue and high debt.
Is CenturyLink a value trap?
Other individual stocks flagged as value traps include telecom company CenturyLink, insurer Prudential Financial, and information technology business Automatic Data Processing, the Bank of America note showed.
What’s wrong with CenturyLink stock?
5 Reasons CenturyLink Stock’s Troubles Aren’t Over
As with so many other things, blame the coronavirus pandemic. … “CenturyLink has unique fiber assets, but a third of revenue is tied to obsolete copper networks; and with 3.7 times debt to Ebitda, its dividend could be put to better use,” he concludes.
Is LUMN a buy or sell?
Lumen Technologies has received a consensus rating of Hold. The company’s average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.
Is CenturyLink losing customers?
CenturyLink also admitted it is losing customers after deciding to shelve its unprofitable, competing Prism TV product. The only growth on the consumer side of CenturyLink is coming from significant broadband upgrades. “In the first quarter, we saw a net loss of 6,000 total broadband subscribers.
Is CenturyLink going to be bought out?
Lumen will sell CenturyLink-branded assets to Apollo across 20 states and retain those in 16 states. Lumen Technologies has agreed to sell a portion of its incumbent local exchange carrier (ILEC) operations to Apollo Global Management for $7.5 billion.
What is the new stock symbol for CenturyLink?
Effective Sept. 18, the Lumen name will go into effect, and CenturyLink’s stock ticker will change from CTL to LUMN.
Why did CenturyLink stock drop?
What happened. Shares of CenturyLink (NYSE:LUMN) have dropped today, down by 6% as of 12:10 p.m. EDT, after the company received a downgrade from Wall Street. The COVID-19 pandemic is expected to hurt the regional telecom’s business, which is already fragile.
Is Lumen Technologies CenturyLink?
CenturyLink, with its strong heritage, is part of Lumen Technologies. It remains a trusted brand for residential and small business customers over traditional and fiber networks.
What is CenturyLink net worth?
The valuation of CenturyLink’s purchase was $12 billion.
Is Kinder Morgan stock a buy?
An attractive stock for dividend investors
With a huge asset footprint, Kinder Morgan is well prepared to benefit from this demand through both organic growth and acquisitions. All in all, Kinder Morgan looks like an attractive stock, especially for dividend investors.