CenturyLink Target of Unusually High Options Trading (CTL)
CenturyLink, Inc. (NYSE:CTL) was the recipient of unusually large options trading on Tuesday. Stock traders bought 20,516 call options on the stock. This is an increase of 363% compared to the average daily volume of 4,432 call options.
CTL has been the subject of several analyst reports. Bank of America Corporation reissued a “buy” rating on shares of CenturyLink in a research note on Tuesday, May 9th. Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 target price for the company in a research note on Monday, May 1st. 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 note on Wednesday, April 26th. Barclays PLC lowered their target price on CenturyLink from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Thursday, June 29th. Finally, Jefferies Group LLC lowered their target price on CenturyLink from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.22.
Several institutional investors have recently made changes to their positions in the company. Endurance Wealth Management Inc. raised its position in shares of CenturyLink by 18.5% in the second quarter. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company’s stock worth $111,000 after buying an additional 725 shares during the last quarter. FNY Managed Accounts LLC bought a new position in shares of CenturyLink during the first quarter worth about $120,000. Exane Derivatives raised its position in shares of CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock worth $123,000 after buying an additional 1,194 shares during the last quarter. Ledyard National Bank raised its position in shares of CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock worth $173,000 after buying an additional 7,243 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of CenturyLink during the first quarter worth about $200,000. Institutional investors own 78.04% of the company’s stock.
Shares of CenturyLink (CTL) opened at 21.68 on Friday. CenturyLink has a 12-month low of $21.61 and a 12-month high of $33.45. The stock has a market capitalization of $11.92 billion, a P/E ratio of 31.42 and a beta of 0.87. The stock has a 50 day moving average price of $23.25 and a 200 day moving average price of $24.35.
CenturyLink (NYSE:CTL) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm earned $0.63 earnings per share. CenturyLink’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities analysts anticipate that CenturyLink will post $1.95 earnings per share for the current fiscal year.
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.
Receive News & Ratings for CenturyLink Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenturyLink Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.