Exane Derivatives Acquires 1,436 Shares of CenturyLink, Inc. (CTL)
Exane Derivatives increased its stake in CenturyLink, Inc. (NYSE:CTL) by 27.6% during the second quarter, Holdings Channel reports. The institutional investor owned 6,645 shares of the technology company’s stock after buying an additional 1,436 shares during the period. Exane Derivatives’ holdings in CenturyLink were worth $159,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Parkwood LLC boosted its stake in CenturyLink by 26.0% in the first quarter. Parkwood LLC now owns 53,087 shares of the technology company’s stock valued at $1,251,000 after buying an additional 10,949 shares in the last quarter. First Manhattan Co. boosted its stake in CenturyLink by 1.8% in the first quarter. First Manhattan Co. now owns 37,218 shares of the technology company’s stock valued at $1,020,000 after buying an additional 645 shares in the last quarter. Macquarie Group Ltd. boosted its stake in CenturyLink by 69.8% in the fourth quarter. Macquarie Group Ltd. now owns 44,100 shares of the technology company’s stock valued at $1,049,000 after buying an additional 18,124 shares in the last quarter. Wellington Shields Capital Management LLC boosted its stake in CenturyLink by 0.4% in the first quarter. Wellington Shields Capital Management LLC now owns 87,955 shares of the technology company’s stock valued at $2,073,000 after buying an additional 372 shares in the last quarter. Finally, Kwmg LLC boosted its stake in CenturyLink by 50.9% in the first quarter. Kwmg LLC now owns 58,484 shares of the technology company’s stock valued at $1,378,000 after buying an additional 19,734 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.
CenturyLink, Inc. (CTL) traded up 0.40% during trading on Wednesday, hitting $22.42. 460,337 shares of the stock were exchanged. The firm’s 50 day moving average price is $24.74 and its 200-day moving average price is $24.64. CenturyLink, Inc. has a 1-year low of $22.26 and a 1-year high of $33.45. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 21.98 and a beta of 0.88.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the company earned $0.71 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. On average, analysts anticipate that CenturyLink, Inc. will post $2.08 EPS for the current year.
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Several analysts recently commented on CTL shares. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $19.00 price target on shares of CenturyLink in a report on Saturday, March 25th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Vetr upgraded shares of CenturyLink from a “buy” rating to a “strong-buy” rating and set a $27.12 price target for the company in a report on Monday, May 8th. Cowen and Company raised their price target on shares of CenturyLink from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Wednesday, July 5th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of CenturyLink in a report on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $26.22.
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
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