Shares of CenturyLink, Inc. (NYSE:CTL) traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $18.42 and last traded at $18.43. 8,191,209 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 11,558,600 shares. The stock had previously closed at $18.40.
CTL has been the subject of several research reports. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 target price on shares of CenturyLink in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research report on Monday, September 18th. BidaskClub raised CenturyLink from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG dropped their target price on CenturyLink from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. CenturyLink presently has an average rating of “Hold” and an average target price of $24.79.
CenturyLink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business earned $0.63 EPS. CenturyLink’s revenue for the quarter was down 7.0% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL acquired a new stake in CenturyLink during the 3rd quarter valued at approximately $309,000. Blue Granite Capital LLC acquired a new stake in CenturyLink during the 3rd quarter valued at approximately $136,000. Old Mutual Global Investors UK Ltd. grew its stake in CenturyLink by 47.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 83,151 shares of the technology company’s stock valued at $1,571,000 after purchasing an additional 26,581 shares in the last quarter. Brookstone Capital Management grew its stake in CenturyLink by 32.6% during the 3rd quarter. Brookstone Capital Management now owns 288,928 shares of the technology company’s stock valued at $5,461,000 after purchasing an additional 70,985 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in CenturyLink by 123.2% during the 3rd quarter. Wedbush Securities Inc. now owns 45,486 shares of the technology company’s stock valued at $860,000 after purchasing an additional 25,104 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.
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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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