Sentinel Trust Co. LBA decreased its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 14.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,331 shares of the technology company’s stock after selling 27,420 shares during the period. Sentinel Trust Co. LBA’s holdings in CenturyLink were worth $3,757,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of CTL. FNY Managed Accounts LLC bought a new position in CenturyLink during the first quarter valued at $120,000. Exane Derivatives boosted its position in CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock valued at $123,000 after buying an additional 1,194 shares during the last quarter. Ledyard National Bank boosted its position in CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock valued at $173,000 after buying an additional 7,243 shares during the last quarter. State of Alaska Department of Revenue bought a new position in CenturyLink during the first quarter valued at $200,000. Finally, Loudon Investment Management LLC bought a new position in CenturyLink during the first quarter valued at $208,000. 77.49% of the stock is owned by institutional investors.
CenturyLink, Inc. (NYSE:CTL) traded up 0.926% during midday trading on Friday, hitting $23.435. 3,136,686 shares of the stock traded hands. The firm has a market cap of $12.86 billion, a PE ratio of 22.975 and a beta of 0.88. The stock has a 50-day moving average of $24.62 and a 200 day moving average of $24.62. CenturyLink, Inc. has a 52-week low of $22.26 and a 52-week high of $33.45.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results 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 firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.27 billion. CenturyLink had a net margin of 3.20% and a return on equity of 8.96%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Equities analysts forecast that CenturyLink, Inc. will post $2.08 EPS for the current year.
CTL has been the subject of several research analyst reports. Bank of America Corporation reaffirmed a “buy” rating on shares of CenturyLink in a research note on Tuesday, May 9th. Vetr raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 target price for the company in a research note on Monday, May 1st. Zacks Investment Research raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, April 26th. UBS AG set a $29.00 target price on shares of CenturyLink and gave the company a “buy” rating in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of CenturyLink in a research note on Thursday, May 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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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