The shares of KeyCorp (NYSE:KEY) has been pegged with a rating of Neutral by Wedbush in its latest research note that was published on February 4th, 2019. Wedbush wasn’t the only research firm that published a report of KeyCorp, with other equities research analysts also giving their opinion on the stock. Sandler O’Neill advised investors in its research note published on January 11th, 2019, to Buy the KEY stock. The stock had earned Underweight rating from Barclays when it published its report on January 2nd, 2019. That day the Barclays set price target on the stock to $20. The stock was given Reduce rating by Nomura in its report released on December 10th, 2018. Nomura was of a view that KEY is Neutral in its latest report on November 13th, 2018. Standpoint Research thinks that KEY is worth Buy rating. This was contained in the firm’s report on October 12th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $19.34. The price of the stock the last time has raised by 29.77% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 61.14.
The shares of the company added by 1.96% during the trading session on Monday, reaching a low of $17.4 while ending the day at $17.72. During the trading session, a total of 12.04 million shares were traded which represents a 3.03% incline from the average session volume which is 12.42M shares. KEY had ended its last session trading at 17.38. KeyCorp currently has a market cap of $17.92B, while its P/E ratio stands at 10.41, while its P/E earnings growth sits at 3.67, with a beta of 1.20. KeyCorp debt-to-equity ratio currently stands at 0.97, while its quick ratio hovers at . KEY 52-week low price stands at $13.65 while its 52-week high price is $21.91.
The company in its last quarterly report recorded $0.48 earnings per share which is above the $0.47 predicted by most analysts. The KeyCorp generated $1,653.00 million in revenue during the last quarter, which is slightly higher than the $1,641.45 million predicted by analysts. In the second quarter last year, the firm recorded $0.45 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 6.25%. KeyCorp has the potential to record 1.70 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on February 26th, 2019 where it informed investors and clients that CenturyLink, Inc. (NYSE:CTL) is now rated as Neutral. Their price target on the stock stands at $14. Sandler O’Neill also rated CTL as Upgrade on January 11th, 2019, with its price target of $140 suggesting that CTL could surge by 14.21% from its current share price. Even though the stock has been trading at $12.09/share, analysts expect it to surge higher by -0.17% to reach $14.07/share. It started the day trading at $12.17 and traded between $11.98 and $12.07 throughout the trading session.
A look at its technical shows that CTL’s 50-day SMA is 14.16 while its 200-day SMA stands at 18.29. At the moment, only of CenturyLink, Inc. shares were sold short. The company’s average trading volume currently stands at 17.89M shares, which means that the short-interest ratio is just 6.12 days. Over the past seven days, the company moved, with its shift of -2.19%. Looking further, the stock has dropped -28.50% over the past 90 days while it lost -46.71% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Temasek Holdings Pte Ltd sold more CTL shares, decreasing its portfolio by -12.99% during the last quarter. This move now sees Temasek Holdings Pte Ltd selling -16,000,000 shares in the last quarter, thus it now holds 107,201,207 shares of CTL, with a total valuation of $1,413,983,920. The Vanguard Group Inc meanwhile bought more CTL shares in the recently filed quarter, changing its stake to $1,381,516,603 worth of shares. BlackRock Fund Advisors followed the path by increasing its CTL portfolio by +5.72% in the quarter. This means that BlackRock Fund Advisors bought 3,735,477 shares in the last quarter and now controls 69,023,533 shares of the CTL stock, with the valuation hitting $910,420,400.
Similarly, SSgA Funds Management Inc increased its CenturyLink, Inc. shares by +6.38% during the recently filed quarter. After buying 3,083,288 shares in the last quarter, the firm now controls 51,387,249 shares of CenturyLink, Inc. which are valued at $677,797,814. In the same vein, Fiduciary Management Inc decreased its CenturyLink, Inc. shares by during the most recent reported quarter. The firm sold -656,194 shares during the quarter which decreased its stakes to 15,650,587 shares and is now valued at $206,431,243. Following these latest developments, around 0.60% of CenturyLink, Inc. stocks are owned by institutional investors and hedge funds.