Flippin Bruce & Porter Inc. decreased its holdings in shares of CenturyLink, Inc. (NYSE:CTL) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 238,120 shares of the technology company’s stock after selling 3,285 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in CenturyLink were worth $4,500,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Endurance Wealth Management Inc. increased its stake in CenturyLink by 18.5% during the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after acquiring an additional 725 shares during the last quarter. Exane Derivatives increased its stake in CenturyLink by 27.6% during the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock worth $159,000 after acquiring an additional 1,436 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in CenturyLink by 178.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock worth $134,000 after acquiring an additional 4,285 shares during the last quarter. Blue Granite Capital LLC acquired a new stake in CenturyLink during the third quarter worth $136,000. Finally, Tower Research Capital LLC TRC acquired a new stake in CenturyLink during the second quarter worth $197,000. 81.74% of the stock is owned by institutional investors.
Several research firms have issued reports on CTL. Zacks Investment Research cut CenturyLink from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Monday, September 18th. J P Morgan Chase & Co reissued a “buy” rating and set a $26.00 target price on shares of CenturyLink in a research note on Thursday, November 9th. Finally, Morgan Stanley cut their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. CenturyLink presently has an average rating of “Hold” and an average price target of $23.07.
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CenturyLink, Inc. (CTL) traded down $0.96 on Tuesday, reaching $14.37. The company had a trading volume of 12,941,280 shares, compared to its average volume of 10,324,079. CenturyLink, Inc. has a 1 year low of $14.60 and a 1 year high of $27.61. The firm has a market cap of $15,650.00, a PE ratio of 7.98, a price-to-earnings-growth ratio of -4.14 and a beta of 0.88. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. equities research analysts anticipate that CenturyLink, Inc. will post 1.87 EPS for the current year.
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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