Notable Downgrades: CenturyLink (CTL), Linear Technology (LLTC), MedAssets (MDAS), Qihoo 360 Technology (QIHU)

Analysts at Goldman Sachs (GS) downgraded CenturyLink, Inc. (CTL) from ‘Neutral‘ to ‘Sell‘ in a research report issued to clients on Wednesday. Approximately 7.1 million  shares have already changed hands, compared to the stock’s average daily volume of 3.6 million shares.

On valuation measures, CenturyLink Inc. stock it is trading at a forward P/E multiple of 15.17x, and at a multiple of 27.67x this year’s estimated earnings.

The t-twelve-month revenue at CenturyLink Inc. is $18.03 billion. CTL’s ROE for the same period is 4.79%.

Shares of the $21.24 billion market cap company are up 35.60% year-over-year ; down 0.88% year-to-date.

CenturyLink, Inc, currently with a median Wall Street price target of $40.00 and a high target of $43.45, dropped 1.65 to $37.58 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Linear Technology Corporation (LLTC) was downgraded from ‘Neutral‘ to ‘Sell‘ at UBS.

Shares have traded today between $47.53 and $48.21 with the price of the stock fluctuating between $37.56 to $51.77 over the last 52 weeks.

Linear Technology Corp. shares are currently changing hands at 23.50x this year’s forecasted earnings, compared to the industry’s 15.47x earnings multiple. Ticker has a t-12 price/sales ratio of 8.11. EPS for the same period registers at $2.04.

Shares of LLTC have lost $0.83 to $47.92 in mid-day trading on Wednesday, giving it a market cap of roughly $11.46B. The stock traded as high as $51.77 in April 4, 2014.

MedAssets, Inc. (MDAS) had its price target lowered to $23 from $27 at Oppenheimer after the company reported solid 4Q14 results but FY 2015 guidance proved worse than expected. MedAssets said it expects EPS of $1.13 to $1.23 a share for the full year 2015, below analysts’ estimates of $1.45 a share. Revs are projected to range between $753 million to $767 million for 2015, compared to analysts’ estimates of $758 million.

Shares have traded today between $17.01 and $17.92 with the price of the stock fluctuating between $17.01 to $26.09 over the last 52 weeks.

MedAssets Inc. shares are currently changing hands at 35.88x this year’s forecasted earnings, compared to the industry’s 63.24x earnings multiple. Ticker has a t-12 price/sales ratio of 1.72. EPS for the same period registers at $0.49.

Shares of MDAS have lost $2.25 to $17.58 in mid-day trading on Wednesday, giving it a market cap of roughly $1.06B. The stock traded as high as $26.09 in Mar 21, 2014.

Qihoo 360 Technology Co. Ltd. (QIHU) was downgraded from ‘Buy‘ to ‘Hold‘ and the price target was cut from $90 to $67 at Jefferies.

Shares have traded today between $54.70 and $58.50 with the price of the stock fluctuating between $53.84 to $124.42 over the last 52 weeks.

Qihoo 360 Technology Co. Ltd. shares are currently changing hands at 44.63x this year’s forecasted earnings, compared to the industry’s 24.85x earnings multiple. Ticker has a t-12 price/sales ratio of 6.30. EPS for the same period registers at $1.23.

Shares of QIHU have lost $4.94 to $55.03 in mid-day trading on Wednesday, giving it a market cap of roughly $6.82B. The stock traded as high as $124.42 in March 7, 2014.

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