Shareholder returns and stock trends
On March 26, CenturyLink (CTL) stock’s closing price was $12.30 per share. The stock is trading 6.8% above its 52-week low of $11.52 per share and 49.2% below its 52-week high of $24.20 per share.
CenturyLink’s stock price has fallen 18.8% year-to-date. The stock has generated a return of -5.2% in the trailing one-month period and -24.1% in the trailing 12-month period. Charter Communications (CHTR) and Comcast (CMCSA) have seen their stock prices rise 14.1% and 18.2%, respectively, in the trailing 12-month period. Frontier Communications’ (FTR) stock price fell 68.6% in the trailing 12-month period.
Forward EV-to-EBITDA multiple
As of March 26, CenturyLink has estimated EV-to-EBITDA multiples of 5.43x and 5.46x, respectively, for fiscal 2019 and fiscal 2020. The forward EV-to-EBITDA multiples for Charter Communications, Comcast, and Frontier Communications are 9.60x, 8.43x, and 4.98x, respectively, in fiscal 2019.
As of March 26, CenturyLink had a market capitalization of $13.3 billion. Frontier Communications, Comcast, and Charter Communications have market capitalizations of $0.2 billion, $179.4 billion, and $80.1 billion, respectively.
The United States’ trade deficit fell in January to its lowest level since June 2018. US imports, as well as the trade deficit, had surged late last year as importers likely pre-ordered their shipments amid the looming tariff hike.
Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.
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As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.