CenturyLink, Inc. (NYSE:CTL) Director Virginia Boulet bought 5,095 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was purchased at an average cost of $15.48 per share, for a total transaction of $78,870.60. Following the completion of the transaction, the director now owns 42,820 shares of the company’s stock, valued at $662,853.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
CenturyLink, Inc. (NYSE CTL) traded up $1.05 during mid-day trading on Thursday, hitting $16.75. 25,127,700 shares of the company traded hands, compared to its average volume of 11,041,761. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $16,783.35, a PE ratio of 8.09, a P/E/G ratio of -4.91 and a beta of 0.79. CenturyLink, Inc. has a twelve month low of $13.16 and a twelve month high of $27.61.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. analysts predict that CenturyLink, Inc. will post 1.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 27th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 12.90%. The ex-dividend date of this dividend was Friday, November 24th. CenturyLink’s dividend payout ratio (DPR) is presently 372.42%.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of CenturyLink from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Royal Bank of Canada reissued a “hold” rating and issued a $25.00 target price on shares of CenturyLink in a research report on Monday, September 18th. Zacks Investment Research downgraded shares of CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. Morgan Stanley dropped their target price on shares of CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co reissued a “buy” rating and issued a $26.00 target price on shares of CenturyLink in a research report on Thursday, November 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CenturyLink currently has an average rating of “Hold” and an average target price of $23.07.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Fieldpoint Private Securities LLC acquired a new stake in CenturyLink in the third quarter valued at approximately $115,000. Patriot Financial Group Insurance Agency LLC lifted its stake in CenturyLink by 178.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock valued at $134,000 after acquiring an additional 4,285 shares during the last quarter. Blue Granite Capital LLC acquired a new stake in CenturyLink in the third quarter valued at approximately $136,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in CenturyLink by 10,329.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock valued at $136,000 after acquiring an additional 7,127 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in CenturyLink in the second quarter valued at approximately $197,000. Hedge funds and other institutional investors own 82.32% of the company’s stock.
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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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