Investors Buy Shares of CenturyLink, Inc. (CTL) on Weakness

Investors bought shares of CenturyLink, Inc. (NYSE:CTL) on weakness during trading hours on Wednesday. $66.66 million flowed into the stock on the tick-up and $40.63 million flowed out of the stock on the tick-down, for a money net flow of $26.03 million into the stock. Of all equities tracked, CenturyLink had the 30th highest net in-flow for the day. CenturyLink traded down ($0.19) for the day and closed at $14.34

A number of research firms have recently commented on CTL. UBS AG lowered their target price on CenturyLink from $29.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Cowen and Company restated a “hold” rating and issued a $24.00 price objective on shares of CenturyLink in a research note on Thursday, October 19th. Bank of America Corporation lowered their price objective on CenturyLink from $42.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Zacks Investment Research cut CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $16.00 price target on shares of CenturyLink in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.07.

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.92. The firm has a market cap of $15,330.00, a PE ratio of 7.63, a price-to-earnings-growth ratio of -4.60 and a beta of 0.88.

CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. equities analysts predict that CenturyLink, Inc. will post 1.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $2.16 annualized dividend and a yield of 15.06%. CenturyLink’s payout ratio is currently 372.41%.

Several institutional investors have recently made changes to their positions in CTL. Vanguard Group Inc. raised its holdings in shares of CenturyLink by 22.6% during the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after acquiring an additional 10,583,246 shares in the last quarter. Capital World Investors bought a new position in CenturyLink in the second quarter worth $142,086,000. Standard Life Investments LTD bought a new position in CenturyLink in the second quarter worth $112,613,000. Fiduciary Management Inc. WI bought a new position in CenturyLink in the second quarter worth $86,411,000. Finally, Samlyn Capital LLC bought a new position in CenturyLink in the second quarter worth $80,290,000. Institutional investors own 82.32% of the company’s stock.

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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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