An issue of Centurylink Inc (NYSE:CTL) debt rose 2.4% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 6.875% coupon and will mature on September 15, 2033. The debt is now trading at $98.60 and was trading at $97.66 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several equities analysts have recently weighed in on CTL shares. Bank of America lowered their price objective on shares of Centurylink from $42.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Deutsche Bank reissued a “hold” rating and issued a $16.00 target price on shares of Centurylink in a report on Thursday, November 9th. Zacks Investment Research raised shares of Centurylink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. SunTrust Banks reissued a “hold” rating and issued a $25.00 target price on shares of Centurylink in a report on Wednesday, November 1st. Finally, Cowen reissued a “hold” rating and issued a $24.00 target price on shares of Centurylink in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Centurylink currently has an average rating of “Hold” and an average price target of $22.37.

Centurylink Inc (CTL) traded down $0.22 during trading on Friday, reaching $15.98. 19,399,333 shares of the company traded hands, compared to its average volume of 11,360,000. The stock has a market cap of $17,080.00, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of -7.43 and a beta of 0.82. Centurylink Inc has a one year low of $13.16 and a one year high of $27.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.92.

Centurylink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the business earned $0.56 earnings per share. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. analysts predict that Centurylink Inc will post 1.56 EPS for the current fiscal year.

In related news, COO Jeffrey K. Storey acquired 71,000 shares of the business’s stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $14.30 per share, with a total value of $1,015,300.00. Following the acquisition, the chief operating officer now directly owns 2,498,668 shares in the company, valued at approximately $35,730,952.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Virginia Boulet acquired 5,095 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $15.48 per share, with a total value of $78,870.60. Following the completion of the acquisition, the director now owns 42,820 shares in the company, valued at $662,853.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 150,595 shares of company stock valued at $2,154,131. Insiders own 0.61% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CTL. Thrivent Financial For Lutherans grew its holdings in Centurylink by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 20,855 shares of the technology company’s stock valued at $498,000 after buying an additional 663 shares in the last quarter. HighTower Advisors LLC grew its holdings in Centurylink by 13.2% during the 2nd quarter. HighTower Advisors LLC now owns 50,236 shares of the technology company’s stock valued at $1,203,000 after buying an additional 5,842 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Centurylink by 39.1% during the 2nd quarter. Janus Henderson Group PLC now owns 104,645 shares of the technology company’s stock valued at $2,499,000 after buying an additional 29,403 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in Centurylink by 1.3% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 94,774 shares of the technology company’s stock valued at $2,262,000 after buying an additional 1,218 shares in the last quarter. Finally, Caxton Associates LP grew its holdings in Centurylink by 9.6% during the 2nd quarter. Caxton Associates LP now owns 14,800 shares of the technology company’s stock valued at $353,000 after buying an additional 1,300 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

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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 Enterprise, 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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