An issue of CenturyLink, Inc. (NYSE:CTL) bonds rose 1.5% as a percentage of their face value during trading on Thursday. The high-yield issue of debt has a 7.6% coupon and is set to mature on September 15, 2039. The debt is now trading at $87.00 and was trading at $84.00 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

CTL has been the subject of a number of research reports. ValuEngine raised CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. SunTrust Banks reissued a “hold” rating and set a $25.00 target price on shares of CenturyLink in a report on Wednesday, November 1st. Barclays dropped their target price 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 dropped their target price on CenturyLink to $17.00 and set a “hold” rating for the company in a report on Thursday, November 9th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.07.

CenturyLink, Inc. (NYSE CTL) traded down $0.28 during mid-day trading on Thursday, reaching $16.47. The company had a trading volume of 15,219,827 shares, compared to its average volume of 11,059,193. The firm has a market capitalization of $16,783.35, a P/E ratio of 8.09, a PEG ratio of -4.91 and a beta of 0.79. CenturyLink, Inc. has a fifty-two week low of $13.16 and a fifty-two week high of $27.61. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.

CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $4.06 billion. CenturyLink had a net margin of 1.89% and a return on equity of 7.99%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. analysts anticipate that CenturyLink, Inc. will post 1.6 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 13.11%. The ex-dividend date was Friday, November 24th. CenturyLink’s dividend payout ratio (DPR) is presently 372.42%.

In related news, Director Virginia Boulet purchased 5,095 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average price of $15.48 per share, with a total value of $78,870.60. Following the completion of the purchase, the director now directly owns 42,820 shares in the company, valued at $662,853.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William Bruce Hanks bought 10,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $14.41 per share, for a total transaction of $144,100.00. Following the transaction, the insider now owns 58,722 shares of the company’s stock, valued at $846,184.02. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 150,595 shares of company stock valued at $2,154,131. 0.61% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in CTL. Strs Ohio grew its position in CenturyLink by 16.0% in the second quarter. Strs Ohio now owns 36,808 shares of the technology company’s stock valued at $878,000 after acquiring an additional 5,087 shares during the last quarter. Retirement Systems of Alabama grew its position in CenturyLink by 0.7% in the second quarter. Retirement Systems of Alabama now owns 266,094 shares of the technology company’s stock valued at $6,354,000 after acquiring an additional 1,891 shares during the last quarter. Canada Pension Plan Investment Board grew its position in CenturyLink by 132.4% in the second quarter. Canada Pension Plan Investment Board now owns 108,659 shares of the technology company’s stock valued at $2,595,000 after acquiring an additional 61,913 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in CenturyLink by 13.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,419,896 shares of the technology company’s stock valued at $57,788,000 after acquiring an additional 278,747 shares during the last quarter. Finally, National Planning Corp grew its position in CenturyLink by 4.2% in the second quarter. National Planning Corp now owns 11,331 shares of the technology company’s stock valued at $272,000 after acquiring an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

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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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