Huntington National Bank lowered its holdings in shares of CenturyLink, Inc. (NYSE:CTL) by 13.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,192 shares of the technology company’s stock after selling 4,880 shares during the period. Huntington National Bank’s holdings in CenturyLink were worth $608,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Endurance Wealth Management Inc. raised its holdings in shares of CenturyLink by 18.5% during the 2nd quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after buying an additional 725 shares in the last quarter. FNY Managed Accounts LLC acquired a new position in shares of CenturyLink during the 1st quarter worth $120,000. Exane Derivatives raised its holdings in shares of CenturyLink by 27.6% during the 2nd quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock worth $159,000 after buying an additional 1,436 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of CenturyLink during the 2nd quarter worth $197,000. Finally, WealthPLAN Partners LLC raised its holdings in shares of CenturyLink by 5,660.0% during the 2nd quarter. WealthPLAN Partners LLC now owns 8,640 shares of the technology company’s stock worth $206,000 after buying an additional 8,490 shares in the last quarter. 82.73% of the stock is owned by institutional investors.
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Shares of CenturyLink, Inc. (CTL) opened at 18.40 on Tuesday. The firm has a 50 day moving average price of $19.14 and a 200-day moving average price of $22.43. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 26.67 and a beta of 0.89. CenturyLink, Inc. has a 52-week low of $17.07 and a 52-week high of $27.61.
CenturyLink (NYSE:CTL) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The company had revenue of $4.09 billion during 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 firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. Equities research analysts anticipate that CenturyLink, Inc. will post $1.93 earnings per share for the current year.
A number of equities analysts have recently commented on the company. Cowen and Company boosted their price target on CenturyLink from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Wednesday, July 5th. BidaskClub raised CenturyLink from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Barclays PLC lowered their price target on CenturyLink from $23.00 to $19.00 and set an “underweight” rating for the company in a report on Wednesday, October 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 target price on shares of CenturyLink in a report on Tuesday, October 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus 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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