Centurylink Inc (NYSE:CTL) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 106,867,892 shares, an increase of 9.9% from the January 15th total of 97,255,307 shares. Currently, 10.0% of the shares of the stock are sold short. Based on an average trading volume of 14,837,254 shares, the days-to-cover ratio is currently 7.2 days.

CTL has been the topic of several research reports. ValuEngine cut Centurylink from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Citigroup cut shares of Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 price objective for the company. in a research report on Tuesday, February 5th. Guggenheim lowered shares of Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 price objective on the stock. in a research note on Thursday, January 24th. Zacks Investment Research lowered shares of Centurylink from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, TheStreet downgraded shares of Centurylink from a “b-” rating to a “c+” rating in a research report on Friday, January 4th. Seven research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.12.

Centurylink stock opened at $14.70 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $15.25 billion, a PE ratio of 10.00, a PEG ratio of -7.81 and a beta of 0.87. Centurylink has a fifty-two week low of $13.88 and a fifty-two week high of $24.20.

In other Centurylink news, Director Steven T. Clontz acquired 8,207 shares of Centurylink stock in a transaction that occurred on Tuesday, December 11th. The shares were acquired at an average cost of $17.20 per share, with a total value of $141,160.40. Following the completion of the purchase, the director now directly owns 178,970 shares of the company’s stock, valued at approximately $3,078,284. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Trezise sold 53,164 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $18.88, for a total value of $1,003,736.32. Following the transaction, the executive vice president now owns 187,867 shares of the company’s stock, valued at $3,546,928.96. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Moody National Bank Trust Division lifted its stake in Centurylink by 3.5% in the fourth quarter. Moody National Bank Trust Division now owns 23,572 shares of the technology company’s stock valued at $357,000 after buying an additional 797 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Centurylink by 34.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock worth $53,000 after acquiring an additional 904 shares during the period. Kovack Advisors Inc. lifted its position in shares of Centurylink by 8.3% in the fourth quarter. Kovack Advisors Inc. now owns 12,049 shares of the technology company’s stock valued at $183,000 after acquiring an additional 927 shares in the last quarter. Federated Investors Inc. PA increased its stake in Centurylink by 6.3% during the third quarter. Federated Investors Inc. PA now owns 17,630 shares of the technology company’s stock worth $374,000 after acquiring an additional 1,050 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Centurylink by 15.6% in the fourth quarter. AdvisorNet Financial Inc now owns 8,884 shares of the technology company’s stock worth $135,000 after purchasing an additional 1,200 shares in the last quarter. 75.53% of the stock is owned by institutional investors and hedge funds.

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About Centurylink

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.

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