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CenturyLink, Inc. (CTL) Shares Sold by Visionary Asset Management Inc.
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Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in CenturyLink by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 34,000 shares of the technology company’s stock valued at $812,000 after buying an additional 400 shares in the last quarter. Jolley Asset Management LLC boosted its position in CenturyLink by 1,405.0% in the second quarter. Jolley Asset Management LLC now owns 15,050 shares of the technology company’s stock valued at $359,000 after buying an additional 14,050 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in CenturyLink by 5.4% in the second quarter. Nisa Investment Advisors LLC now owns 214,258 shares of the technology company’s stock valued at $5,161,000 after buying an additional 11,007 shares in the last quarter. LS Investment Advisors LLC boosted its position in CenturyLink by 6.1% in the second quarter. LS Investment Advisors LLC now owns 42,768 shares of the technology company’s stock valued at $1,021,000 after buying an additional 2,440 shares in the last quarter. Finally, Exane Derivatives boosted its position in CenturyLink by 27.6% in the second quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after buying an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.
CenturyLink, Inc. (NYSE CTL) traded up 1.276% during trading on Wednesday, reaching $22.615. The company had a trading volume of 2,459,259 shares. CenturyLink, Inc. has a 52 week low of $22.26 and a 52 week high of $33.45. The company’s 50-day moving average is $24.74 and its 200 day moving average is $24.64. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 22.172 and a beta of 0.88.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.52 earnings per share 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 return on equity of 8.96% and a net margin of 3.20%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities analysts anticipate that CenturyLink, Inc. will post $2.08 EPS for the current year.
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A number of brokerages have recently commented on CTL. BidaskClub cut CenturyLink from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Cowen and Company reiterated a “hold ctl” rating on shares of CenturyLink in a report on Thursday, July 6th. Barclays PLC dropped their target price on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Thursday, June 29th. UBS AG set a $29.00 target price on CenturyLink and gave the stock a “buy” rating in a report on Thursday, June 22nd. Finally, ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. CenturyLink presently has an average rating of “Hold” and an average target price of $26.22.
About CenturyLink
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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