Is it possible to set the link text for a URL field type?

I believe it is a simple customization.

Template detail.hbs inside UrlField evaluate the attribute 'isClickable'.

You may need to create a custom UrlField and override the method format accordingly.

Another option would be to create a new TextField type field calculating from your URL type field and then use that field in the Record view instead. 

The downside is that you will need to re-save the existing records to have the field being calculated. 

Hello,
+1 to  Andre Serrazina suggestion regarding additional TextField - that is configurable with no-code and text refreshed on rec saving shouldn't be an issue.

However, let me ask why is it chosen to use links? The link does not emerge the content for the user until is clicked...
Also, the physically latest activity in many cases could be non-meaningful from a CRM perspective - e.g. is it correct to treat e.g.internal task regarding the parent record as the last CRM activity.

Isn't that the recent activities and future activities representation on the pane, one the users may immediately benefit from when observing the record?

Hi Vince Outlaw,

I created what i think is exactly what you are asking in a few modules of ours.

Its just a text fields using CONCAT and a big IFELSE statement...  In the example screenshot below DHL is selected, the first part is their tracking url, followed by the tracking number:

And the first part of the Calculated Formula: 

 ifElse(
 contains($shippedvia,"DHL"),
concat("___the dhl tracking url here___",$trackingnumber),
 ifElse(contains($shippedvia,"UPS"), ...  and so on...

We then use this TEXT field to populate our URL field.  As Andre Serrazina & Dmytro Chupylka mention also:  the text field will be 'live' - before save it will change as I change the tracking number the courier in my example.    The URL field only populates after save.

Anyway, hopefully an example helps...
Luke.

For anyone coming across this you can now use: https://support.sugarcrm.com/documentation/sugar_versions/13.3/sell/administration_guide/developer_tools/studio/fields/#Generate_URL

I read this thread and I think the OP is asking for something completely different than what everyone responded. My understanding is that he would rather have the field be hyperlinked text (i.e. the activity's actual name/subject) rather than being a URL. He mentions reporting as his use case, so I thought he wanted the last activity date accompanied with the title of the last activity performed rather than a non-descript URL. If my understanding is accurate, it would definitely take customization to achieve.

In any event, he hasn't been active in the community in years so we will likely never know 

Chris