CenturyLink, Inc. (CTL) Position Raised by Exane Derivatives
Exane Derivatives increased its stake in CenturyLink, Inc. (NYSE:CTL) by 111.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,081 shares of the technology company’s stock after acquiring an additional 7,436 shares during the quarter. Exane Derivatives’ holdings in CenturyLink were worth $266,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CTL. Vanguard Group Inc. increased its holdings in CenturyLink by 22.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after acquiring an additional 10,583,246 shares in the last quarter. Capital World Investors purchased a new stake in CenturyLink in the 2nd quarter worth $142,086,000. Standard Life Investments LTD purchased a new stake in CenturyLink in the 2nd quarter worth $112,613,000. Fiduciary Management Inc. WI purchased a new stake in CenturyLink in the 2nd quarter worth $86,411,000. Finally, Samlyn Capital LLC purchased a new stake in CenturyLink in the 2nd quarter worth $80,290,000. 82.95% of the stock is owned by institutional investors.
Shares of CenturyLink, Inc. (NYSE CTL) opened at 19.235 on Monday. The company has a 50 day moving average of $19.26 and a 200-day moving average of $22.72. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 27.877 and a beta of 0.89. CenturyLink, Inc. has a one year low of $18.17 and a one year high of $33.45.
CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. On average, analysts anticipate that CenturyLink, Inc. will post $1.94 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Cowen and Company upped their target price 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $22.00 target price on shares of CenturyLink in a report on Tuesday, October 3rd. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Finally, BidaskClub lowered shares of CenturyLink from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.94.
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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