Pictet Asset Management Ltd. Sells 14,900 Shares of CenturyLink, Inc. (CTL)
Pictet Asset Management Ltd. cut its position in shares of CenturyLink, Inc. (NYSE:CTL) by 4.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 306,312 shares of the technology company’s stock after selling 14,900 shares during the period. Pictet Asset Management Ltd.’s holdings in CenturyLink were worth $7,642,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. boosted its stake in CenturyLink by 2.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 14,399 shares of the technology company’s stock worth $317,000 after buying an additional 402 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in CenturyLink by 5.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 143,105 shares of the technology company’s stock worth $3,373,000 after buying an additional 7,406 shares during the last quarter. OLD Point Trust & Financial Services N A boosted its stake in CenturyLink by 5.9% in the first quarter. OLD Point Trust & Financial Services N A now owns 92,696 shares of the technology company’s stock worth $2,185,000 after buying an additional 5,200 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in CenturyLink during the first quarter worth about $200,000. Finally, Bollard Group LLC boosted its stake in CenturyLink by 0.8% in the first quarter. Bollard Group LLC now owns 13,754 shares of the technology company’s stock worth $324,000 after buying an additional 103 shares during the last quarter. Institutional investors own 77.77% of the company’s stock.
CenturyLink, Inc. (NYSE CTL) opened at 20.54 on Wednesday. The company’s 50-day moving average price is $22.99 and its 200-day moving average price is $24.23. CenturyLink, Inc. has a 12-month low of $20.53 and a 12-month high of $33.45. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 29.77 and a beta of 0.87.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. Equities analysts expect that CenturyLink, Inc. will post $1.95 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. Zacks Investment Research raised CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Wednesday, April 26th. ValuEngine lowered CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Cowen and Company set a $25.00 price target on CenturyLink and gave the company a “market perform” rating in a report on Thursday, May 4th. Jefferies Group LLC lowered their price target on CenturyLink from $26.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 4th. Finally, Vetr raised CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price target on the stock in a report on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. CenturyLink has an average rating of “Hold” and a consensus price target of $26.22.
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).
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.