CenturyLink, Inc. (CTL) Shares Bought by LS Investment Advisors LLC
LS Investment Advisors LLC increased its position in CenturyLink, Inc. (NYSE:CTL) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 42,768 shares of the technology company’s stock after buying an additional 2,440 shares during the period. LS Investment Advisors LLC’s holdings in CenturyLink were worth $1,021,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in CenturyLink during the first quarter worth $120,000. Exane Derivatives boosted its stake in shares of CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock worth $123,000 after buying an additional 1,194 shares during the period. Ledyard National Bank boosted its stake in shares of CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock worth $173,000 after buying an additional 7,243 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of CenturyLink during the first quarter worth approximately $200,000. Finally, Loudon Investment Management LLC acquired a new stake in shares of CenturyLink during the first quarter worth approximately $208,000. Institutional investors own 77.49% of the company’s stock.
CenturyLink, Inc. (CTL) opened at 23.18 on Friday. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 22.73 and a beta of 0.88. The firm’s 50-day moving average is $24.62 and its 200 day moving average is $24.62. CenturyLink, Inc. has a 52 week low of $22.26 and a 52 week high of $33.45.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. The business had revenue of $4.21 billion during the quarter, compared to analysts’ expectations of $4.27 billion. CenturyLink had a net margin of 3.20% and a return on equity of 8.96%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. On average, equities research analysts expect that CenturyLink, Inc. will post $2.08 EPS for the current year.
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CTL has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $19.00 target price on shares of CenturyLink in a research report on Saturday, March 25th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Vetr upgraded shares of CenturyLink from a “buy” rating to a “strong-buy” rating and set a $27.12 target price for the company in a research report on Monday, May 8th. Cowen and Company increased their target price on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 5th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of CenturyLink in a research report on Monday, May 15th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. CenturyLink currently has an average rating of “Hold” and a consensus price target of $26.22.
CenturyLink Company Profile
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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