Caisse DE Depot ET Placement DU Quebec grew its position in shares of CenturyLink, Inc. (NYSE:CTL) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 410,727 shares of the technology company’s stock after purchasing an additional 15,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of CenturyLink worth $7,795,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Eaton Vance Management raised its holdings in CenturyLink by 0.5% during the 2nd quarter. Eaton Vance Management now owns 12,640 shares of the technology company’s stock worth $302,000 after purchasing an additional 57 shares during the last quarter. FTB Advisors Inc. raised its holdings in CenturyLink by 0.9% during the 2nd quarter. FTB Advisors Inc. now owns 12,348 shares of the technology company’s stock worth $268,000 after purchasing an additional 116 shares during the last quarter. Sentry Investment Management LLC raised its holdings in CenturyLink by 0.5% during the 2nd quarter. Sentry Investment Management LLC now owns 37,917 shares of the technology company’s stock worth $905,000 after purchasing an additional 174 shares during the last quarter. S. R. Schill & Associates raised its holdings in CenturyLink by 1.0% during the 2nd quarter. S. R. Schill & Associates now owns 20,138 shares of the technology company’s stock worth $481,000 after purchasing an additional 200 shares during the last quarter. Finally, Davidson & Garrard Inc. raised its holdings in CenturyLink by 0.3% during the 2nd quarter. Davidson & Garrard Inc. now owns 79,655 shares of the technology company’s stock worth $1,902,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. J P Morgan Chase & Co reiterated a “buy” rating and issued a $26.00 price objective on shares of CenturyLink in a research note on Thursday, November 9th. UBS lowered their price objective on shares of CenturyLink from $29.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Bank of America lowered their price objective on shares of CenturyLink from $42.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $23.07.

Shares of CenturyLink, Inc. (NYSE CTL) opened at $14.67 on Friday. The company has a market cap of $15,072.94, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of -4.41 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. CenturyLink, Inc. has a one year low of $13.16 and a one year high of $27.61.

CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS. equities research analysts forecast that CenturyLink, Inc. will post 1.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.16 dividend on an annualized basis and a yield of 14.72%. CenturyLink’s dividend payout ratio (DPR) is presently 372.42%.

In other CenturyLink news, Vice Chairman William Bruce Hanks purchased 10,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $14.41 per share, for a total transaction of $144,100.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Glen F. Post III purchased 50,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were acquired at an average price of $14.17 per share, with a total value of $708,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 145,500 shares of company stock valued at $2,075,260 in the last 90 days. 0.61% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Caisse DE Depot ET Placement DU Quebec Has $7.80 Million Holdings in CenturyLink, Inc. (CTL)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/12/09/caisse-de-depot-et-placement-du-quebec-has-7-80-million-holdings-in-centurylink-inc-ctl.html.

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.

Want to see what other hedge funds are holding CTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenturyLink, Inc. (NYSE:CTL).

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

Receive News & Ratings for CenturyLink Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenturyLink Inc. and related companies with MarketBeat.com's FREE daily email newsletter.