It seems that analysts had hoped that the merger with Level 3 would reverse some of the downward trends. In the recently released 1Q 2019 results the company showed a year-over-year drop in results for the international, enterprise, small and medium business, wholesale, and consumer business units. In reading analyst reports on CenturyLink it seems that the primary reason for the drop in stock price is that all of the company’s business units are trending downward. The above chart is not trying to make a correlation between stock prices and broadband customers since that is just one of dozens of factors that affect the performance of these companies.Īgain, I’ve never fully understood how Wall Street values any given company.
That’s a 43% drop in share price over the last year and a 30% drop since the first of the year. For comparison, following are the stock prices of the other big ISPs and also trends in broadband customers:Īs a point of comparison to the overall market, the Dow Jones Industrial average was up 4% over this same 1-year period. As I wrote this blog the price was down to $10.89. By the end of the year the stock price was down to $15.44. With that said, the stock price for CenturyLink has performed far worse than other big ISPs over the last year. A year ago a share of CenturyLink stock was at $19.24. AT&T and Comcast stock prices reflect that both are major media companies. AT&T and Verizon are judged more as cellular companies than as ISPs. The stock prices for big ISPs are hard to compare because every big ISP operates multiple lines of business these days. I’m certainly not a stock analyst, but I’ve always tracked the stock prices of the big ISPs as another way to try to understand the industry.
I don’t know how many of you watch industry stock prices.
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