CenturyLink, Inc. (CTL) Short Interest Update
CenturyLink, Inc. (NYSE:CTL) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 138,766,016 shares, a growth of 13.8% from the October 13th total of 121,919,354 shares. Approximately 25.6% of the shares of the company are short sold. Based on an average daily trading volume, of 16,104,698 shares, the days-to-cover ratio is presently 8.6 days.
Shares of CenturyLink (CTL) opened at $15.33 on Tuesday. CenturyLink has a fifty-two week low of $14.60 and a fifty-two week high of $27.61. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $8,507.95, a P/E ratio of 7.98, a P/E/G ratio of -4.14 and a beta of 0.88.
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 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 analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $0.56 EPS. CenturyLink’s revenue for the quarter was down 7.9% compared to the same quarter last year. research analysts forecast that CenturyLink will post 1.87 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Tredje AP fonden increased its stake in CenturyLink by 47.1% during the second quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock worth $2,370,000 after acquiring an additional 31,767 shares during the last quarter. Swiss National Bank increased its stake in CenturyLink by 0.5% during the second quarter. Swiss National Bank now owns 1,902,241 shares of the technology company’s stock worth $45,426,000 after acquiring an additional 9,400 shares during the last quarter. Synovus Financial Corp increased its stake in CenturyLink by 20.3% during the second quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock worth $5,242,000 after acquiring an additional 36,937 shares during the last quarter. Front Street Capital Management Inc. increased its stake in CenturyLink by 94.2% during the second quarter. Front Street Capital Management Inc. now owns 95,448 shares of the technology company’s stock worth $2,279,000 after acquiring an additional 46,305 shares during the last quarter. Finally, Fiduciary Management Inc. WI acquired a new stake in CenturyLink during the second quarter worth $86,411,000. 81.74% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine downgraded CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company reiterated a “hold” rating and set a $24.00 price target on shares of CenturyLink in a research report on Thursday, October 19th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $25.00 price target on shares of CenturyLink in a research report on Wednesday, November 1st. Finally, Deutsche Bank AG lowered their price target on CenturyLink from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.07.
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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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