November 25, 2016 - By kentuckypostne · 0 Comments
Centurylink Inc (NYSE:CTL) institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.06, from 1.14 in 2016Q1. The ratio is positive, as 268 funds increased or started new positions, while 236 trimmed and sold holdings in Centurylink Inc. The funds in our partner’s database now possess: 384.28 million shares, down from 408.25 million shares in 2016Q1. Also, the number of funds holding Centurylink Inc in their top 10 positions decreased from 9 to 6 for a decrease of 3. Sold All: 56 Reduced: 180 Increased: 231 New Position: 37.
CenturyLink, Inc. is a United States integrated communications company, which is engaged in providing a range of communications services to its residential and business customers. The company has a market cap of $13.04 billion. The Firm operates through two divisions: Business, which includes provision of strategic, legacy and data integration services and products to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and Consumer, which includes provision of strategic and legacy services and products to residential customers. It has a 14.48 P/E ratio. The Business segment includes strategic services and products, such as Ethernet, colocation, hosting and broadband; legacy services, such as local and long-distance voice, and data integration offerings, which include sale of telecommunications equipment located on customers’ premises.
About 1.87M shares traded hands. Centurylink Inc (NYSE:CTL) has declined 22.27% since April 22, 2016 and is downtrending. It has underperformed by 27.68% the S&P500.
Analysts await Centurylink Inc (NYSE:CTL) to report earnings on February, 8. They expect $0.56 earnings per share, down 30.00% or $0.24 from last year’s $0.8 per share. CTL’s profit will be $296.00M for 11.01 P/E if the $0.56 EPS becomes a reality. After $0.56 actual earnings per share reported by Centurylink Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “CenturyLink, Inc. is a telecommunications company that provides broadband, voice and wireless services to consumers and businesses in the United States. It also offers entertainment services under the CenturyLink, Prism TV and DIRECTV brands. In addition, the company provides data, voice and managed services to business, government and wholesale customers in local, national and select international markets through its fiber optic network and multiple data centers. CenturyLink, Inc., formerly known as CenturyTel, Inc., is headquartered in Monroe, Louisiana.”
Tradewinds Global Investors Llc holds 2.49% of its portfolio in Centurylink Inc for 1.32 million shares. Hgk Asset Management Inc owns 464,681 shares or 2.01% of their US portfolio. Moreover, Campbell & Co Investment Adviser Llc has 1.96% invested in the company for 13,348 shares. The Virginia-based Old Point Trust & Financial Services N A has invested 1.75% in the stock. Mirador Capital Partners Lp, a California-based fund reported 54,299 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider buys, and 2 sales for $227,620 net activity.
Ratings analysis reveals 15% of Centurylink Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Centurylink Inc., 2 give it “Buy”, 3 “Sell” rating, while 8 recommend “Hold”. The lowest target is $22 while the high is $36. The stock’s average target of $28 is 13.50% above today’s ($24.67) share price. CTL was included in 22 notes of analysts from July 31, 2015. The rating was downgraded by Morgan Stanley on Monday, July 18 to “Underweight”. The stock of Centurylink Inc (NYSE:CTL) has “Hold” rating given on Wednesday, June 22 by Evercore. The stock of Centurylink Inc (NYSE:CTL) has “Underweight” rating given on Tuesday, September 15 by Barclays Capital. The rating was downgraded by Wells Fargo on Tuesday, May 3 to “Market Perform”. On Friday, August 7 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Outperform” rating by Oppenheimer given on Tuesday, November 8. Jefferies upgraded it to “Hold” rating and $26 target price in Friday, July 31 report. The company was downgraded on Friday, October 28 by Raymond James. The firm has “Sector Perform” rating given on Tuesday, September 22 by RBC Capital Markets. The rating was initiated by Cowen & Co on Tuesday, October 13 with “Market Perform”.
CenturyLink, Inc., incorporated on May 7, 1968, is an integrated communications company. The Firm is engaged in providing an array of communications services to residential and business customers. The Company’s divisions include Business and Consumer. The Company’s communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services. The Firm operates approximately 11.7 million access lines, served approximately six million high-speed Internet subscribers and over 280 thousand Prism television subscribers. It also operates approximately 60 data centers throughout North America, Europe and Asia. The Firm categorizes its products, services and revenues into approximately four categories, including Strategic services, Legacy services, Data integration and Other operating revenues.
More important recent Centurylink Inc (NYSE:CTL) news were published by: Nasdaq.com which released: “CenturyLink, Inc. (CTL) Ex-Dividend Date Scheduled for November 23, 2016” on November 22, 2016, also Bloomberg.com published article titled: “CenturyLink to Buy Level 3 for $34 Billion in Cash, Stock”, Fool.com published: “Why CenturyLink Inc Stock Just Soared 18%, and Level 3 Communications Is Up 13%” on October 27, 2016. More interesting news about Centurylink Inc (NYSE:CTL) was released by: Prnewswire.com and their article: “CenturyLink recognized as a leader in Gartner’s 2016 Magic Quadrant for Cloud …” with publication date: November 11, 2016.
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