CenturyLink, Inc. (NYSE:CTL) Stake Reduced by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado lowered its position in CenturyLink, Inc. (NYSE:CTL) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 95,803 shares of the technology company’s stock after selling 61 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CenturyLink were worth $2,288,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Coastline Trust Co boosted its stake in shares of CenturyLink by 9.7% in the first quarter. Coastline Trust Co now owns 18,190 shares of the technology company’s stock worth $429,000 after buying an additional 1,605 shares during the last quarter. Washington Trust Bank boosted its stake in shares of CenturyLink by 133.3% in the first quarter. Washington Trust Bank now owns 16,776 shares of the technology company’s stock worth $395,000 after buying an additional 9,586 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CenturyLink by 11.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,160 shares of the technology company’s stock worth $1,194,000 after buying an additional 5,337 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of CenturyLink during the first quarter worth about $1,607,000. Finally, Atria Investments LLC boosted its stake in shares of CenturyLink by 43.6% in the first quarter. Atria Investments LLC now owns 99,579 shares of the technology company’s stock worth $2,347,000 after buying an additional 30,217 shares during the last quarter. 78.04% of the stock is owned by hedge funds and other institutional investors.
CenturyLink, Inc. (NYSE:CTL) opened at 21.82 on Thursday. The stock’s 50 day moving average price is $23.33 and its 200-day moving average price is $24.37. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 31.62 and a beta of 0.87. CenturyLink, Inc. has a one year low of $21.61 and a one year high of $33.45. CenturyLink also was the target of some unusual options trading on Tuesday. Stock traders purchased 20,516 call options on the stock. This represents an increase of 363% compared to the average daily volume of 4,432 call options.
CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. CenturyLink’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, equities research analysts expect that CenturyLink, Inc. will post $2.00 EPS for the current fiscal year.
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A number of brokerages have issued reports on CTL. Zacks Investment Research raised CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, April 26th. ValuEngine cut CenturyLink from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company set a $25.00 target price on CenturyLink and gave the stock a “market perform” rating in a research report on Thursday, May 4th. Jefferies Group LLC decreased their target price on CenturyLink from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 4th. Finally, Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 target price for the company in a research report on Monday, May 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.22.
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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