National Pension Service boosted its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 594,001 shares of the technology company’s stock after buying an additional 54,125 shares during the period. National Pension Service’s holdings in CenturyLink were worth $14,363,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in CenturyLink by 19.4% in the first quarter. Vanguard Group Inc. now owns 46,767,917 shares of the technology company’s stock valued at $1,102,321,000 after buying an additional 7,600,609 shares during the period. Wells Fargo & Company MN raised its position in CenturyLink by 150.5% in the first quarter. Wells Fargo & Company MN now owns 5,685,844 shares of the technology company’s stock valued at $134,016,000 after buying an additional 3,415,959 shares during the period. Thornburg Investment Management Inc. raised its position in CenturyLink by 107.8% in the first quarter. Thornburg Investment Management Inc. now owns 6,521,497 shares of the technology company’s stock valued at $153,712,000 after buying an additional 3,383,155 shares during the period. RidgeWorth Capital Management LLC raised its position in CenturyLink by 110.4% in the first quarter. RidgeWorth Capital Management LLC now owns 2,464,222 shares of the technology company’s stock valued at $58,082,000 after buying an additional 1,293,150 shares during the period. Finally, OppenheimerFunds Inc. raised its position in CenturyLink by 108.3% in the first quarter. OppenheimerFunds Inc. now owns 2,196,144 shares of the technology company’s stock valued at $51,763,000 after buying an additional 1,142,040 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Shares of CenturyLink, Inc. (NYSE CTL) opened at 22.99 on Monday. CenturyLink, Inc. has a 52 week low of $22.33 and a 52 week high of $33.45. The stock’s 50 day moving average price is $25.26 and its 200-day moving average price is $24.70. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 22.54 and a beta of 0.88.

CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, May 3rd. The technology company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.01. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business posted $0.71 EPS. CenturyLink’s revenue was down 4.4% on a year-over-year basis. Equities analysts anticipate that CenturyLink, Inc. will post $2.10 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “National Pension Service Acquires 54,125 Shares of CenturyLink, Inc. (NYSE:CTL)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.watchlistnews.com/national-pension-service-acquires-54125-shares-of-centurylink-inc-nysectl/1444826.html.

Several research firms have issued reports on CTL. Zacks Investment Research upgraded CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, April 26th. ValuEngine lowered CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Cowen and Company set a $25.00 target price on CenturyLink and gave the company a “market perform” rating in a research note on Thursday, May 4th. Jefferies Group LLC cut their target price on CenturyLink from $26.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 4th. Finally, Vetr upgraded CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 target price on the stock in a research note on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.22.

About CenturyLink

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.

Want to see what other hedge funds are holding CTL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenturyLink, Inc. (NYSE:CTL).

Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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.