Investors focused on the Computer and Technology space have likely heard of CenturyLink , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CenturyLink is a member of our Computer and Technology group, which includes 659 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CTL is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CTL's full-year earnings has moved 8.05% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CTL has returned about 12.29% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 1.35%. As we can see, CenturyLink is performing better than its sector in the calendar year.
Looking more specifically, CTL belongs to the Wireless National industry, which includes 17 individual stocks and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 2.80% so far this year, so CTL is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CTL. The stock will be looking to continue its solid performance.
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Has CenturyLink (CTL) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of CenturyLink , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CenturyLink is a member of our Computer and Technology group, which includes 659 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CTL is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CTL's full-year earnings has moved 8.05% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CTL has returned about 12.29% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 1.35%. As we can see, CenturyLink is performing better than its sector in the calendar year.
Looking more specifically, CTL belongs to the Wireless National industry, which includes 17 individual stocks and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 2.80% so far this year, so CTL is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CTL. The stock will be looking to continue its solid performance.