Investors purchased shares of CenturyLink, Inc. (NYSE:CTL) on weakness during trading on Tuesday. $79.29 million flowed into the stock on the tick-up and $45.48 million flowed out of the stock on the tick-down, for a money net flow of $33.81 million into the stock. Of all equities tracked, CenturyLink had the 20th highest net in-flow for the day. CenturyLink traded down ($0.74) for the day and closed at $19.02
Several equities analysts have recently issued reports on CTL shares. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday. UBS AG set a $29.00 price objective on shares of CenturyLink and gave the stock a “buy” rating in a research note on Thursday, June 22nd. BidaskClub cut shares of CenturyLink from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Barclays PLC lowered their price objective on shares of CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.15.
The company has a 50 day moving average of $19.43 and a 200-day moving average of $22.88. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 27.57 and a beta of 0.89.
CenturyLink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. On average, equities analysts anticipate that CenturyLink, Inc. will post $1.93 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CTL. Vanguard Group Inc. increased its stake in CenturyLink by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after purchasing an additional 10,583,246 shares in the last quarter. Capital World Investors bought a new stake in CenturyLink during the 2nd quarter worth approximately $142,086,000. Standard Life Investments LTD bought a new stake in CenturyLink during the 2nd quarter worth approximately $112,613,000. Fiduciary Management Inc. WI bought a new stake in CenturyLink during the 2nd quarter worth approximately $86,411,000. Finally, Samlyn Capital LLC bought a new stake in CenturyLink during the 2nd quarter worth approximately $80,290,000. 82.95% of the stock is owned by institutional investors and hedge funds.
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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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