CenturyLink, Inc. (CTL) Position Maintained by Dreman Value Management L L C
Dreman Value Management L L C maintained its stake in shares of CenturyLink, Inc. (NYSE:CTL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,640 shares of the technology company’s stock at the close of the 2nd quarter. Dreman Value Management L L C’s holdings in CenturyLink were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Endurance Wealth Management Inc. boosted its holdings in CenturyLink by 18.5% in the 2nd quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock valued at $111,000 after purchasing an additional 725 shares during the period. FNY Managed Accounts LLC bought a new stake in CenturyLink in the 1st quarter valued at about $120,000. Exane Derivatives boosted its holdings in CenturyLink by 27.6% in the 2nd quarter. Exane Derivatives now owns 6,645 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,436 shares during the period. First City Capital Management Inc. bought a new stake in CenturyLink in the 1st quarter valued at about $215,000. Finally, Tower Research Capital LLC TRC bought a new stake in CenturyLink in the 2nd quarter valued at about $197,000. 82.95% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on CTL shares. ValuEngine downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays PLC dropped their target price on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Thursday, June 29th. Cowen and Company boosted their target price on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, BidaskClub cut shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. CenturyLink presently has a consensus rating of “Hold” and a consensus price target of $25.15.
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 company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business earned $0.63 EPS. CenturyLink’s revenue for the quarter was down 7.0% compared to the same quarter last year.
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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