Short Interest Report: What Next for Centurylink Incorporated (NYSE:CTL) Stock After Decrease in Shorted Shares?

November 30, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Report: What Next for Centurylink Incorporated (NYSE:CTL) Stock After Decrease in Shorted Shares?

The stock of Centurylink Incorporated (NYSE:CTL) registered a decrease of 1.05% in short interest. CTL’s total short interest was 58.79M shares in November as published by FINRA. Its down 1.05% from 59.42M shares, reported previously. With 13.92 million shares average volume, it will take short sellers 4 days to cover their CTL’s short positions. About 3.13M shares traded hands. Centurylink Inc (NYSE:CTL) has declined 23.34% since April 27, 2016 and is downtrending. It has underperformed by 28.56% the S&P500.

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 $13.02 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 14.23 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.

Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.06, from 1.14 in 2016Q1. The ratio improved, as 56 funds sold all Centurylink Inc shares owned while 180 reduced positions. 37 funds bought stakes while 231 increased positions. They now own 384.28 million shares or 5.87% less from 408.25 million shares in 2016Q1.
State Of Wisconsin Invest Board last reported 454,398 shares in the company. Ontario Teachers Pension Plan Board owns 70,084 shares or 0.02% of their US portfolio. Natixis holds 139,695 shares or 0.08% of its portfolio. Blackrock Inv Ltd Limited Liability Company accumulated 1.26 million shares or 0.05% of the stock. Euclid Advsr Lc last reported 23,923 shares in the company. Creative Planning last reported 34,407 shares in the company. Blackrock Inc holds 1.20 million shares or 0.05% of its portfolio. Moreover, Cwm Lc has 0% invested in Centurylink Inc (NYSE:CTL) for 206 shares. Duncker Streett &, a Missouri-based fund reported 2,646 shares. The Iowa-based Iowa Bancorp has invested 0% in Centurylink Inc (NYSE:CTL). Adage Cap Prtnrs Gru Ltd, a Massachusetts-based fund reported 821,222 shares. Loomis Sayles & Lp holds 0.01% or 175,668 shares in its portfolio. Moreover, Employees Retirement Systems Of Texas has 0.03% invested in Centurylink Inc (NYSE:CTL) for 86,000 shares. Deere Communications holds 0.16% of its portfolio in Centurylink Inc (NYSE:CTL) for 102,042 shares. Sns Financial Group Inc Ltd last reported 58,143 shares in the company.

Insider Transactions: Since October 27, 2016, the stock had 3 insider purchases, and 2 selling transactions for $227,620 net activity. 8,250 shares were bought by Bejar Martha Helena, worth $193,166 on Monday, November 7. On Thursday, November 10 Hussain Aamir bought $349,920 worth of the stock or 14,580 shares. $325,000 worth of shares were sold by PERRY HARVEY P on Thursday, October 27. $990,000 worth of Centurylink Inc (NYSE:CTL) was sold by COLE DAVID D on Thursday, October 27. OWENS WILLIAM ARTHUR bought $999,534 worth of stock or 42,800 shares.

Centurylink Inc (NYSE:CTL) Ratings Coverage

Out of 13 analysts covering Centurylink Inc. (NYSE:CTL), 2 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 15% are positive. Centurylink Inc. has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Macquarie Research given on Monday, July 11. Citigroup maintained the shares of CTL in a report on Friday, August 7 with “Neutral” rating. The firm earned “Market Perform” rating on Tuesday, May 3 by Wells Fargo. The firm has “Hold” rating given on Friday, July 31 by Jefferies. The rating was initiated by RBC Capital Markets with “Sector Perform” on Tuesday, September 22. The firm earned “Market Perform” rating on Tuesday, October 13 by Cowen & Co. The stock of Centurylink Inc (NYSE:CTL) earned “Mkt Perform” rating by Raymond James on Friday, October 28. On Thursday, August 6 the stock rating was maintained by UBS with “Buy”. Oppenheimer upgraded the stock to “Outperform” rating in Tuesday, November 8 report. Morgan Stanley downgraded Centurylink Inc (NYSE:CTL) rating on Monday, July 18. Morgan Stanley has “Underweight” rating and $27 price target.

CTL Company Profile

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.

Another recent and important Centurylink Inc (NYSE:CTL) news was published by Prnewswire.com which published an article titled: “CenturyLink recognized as a leader in Gartner’s 2016 Magic Quadrant for Cloud …” on November 11, 2016.

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By Nellie Frank

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