Insider Selling: CenturyLink CFO Unloads 20,600 Shares of Stock (CTL)
CenturyLink (NYSE:CTL) CFO R Stewart Ewing, Jr. unloaded 20,600 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $36.75, for a total transaction of $757,050.00. Following the completion of the sale, the chief financial officer now directly owns 235,134 shares of the company’s stock, valued at approximately $8,641,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CenturyLink (NYSE:CTL) traded up 0.49% during mid-day trading on Monday, hitting $36.74. 5,464,724 shares of the company’s stock traded hands. CenturyLink has a 52 week low of $27.93 and a 52 week high of $38.16. The stock’s 50-day moving average is $33.94 and its 200-day moving average is $31.80. The company’s market cap is $21.043 billion.
CenturyLink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.05. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter last year, the company posted $0.76 earnings per share. CenturyLink’s revenue was up .6% compared to the same quarter last year. Analysts expect that CenturyLink will post $2.59 EPS for the current fiscal year.
A number of analysts have recently weighed in on CTL shares. Analysts at BMO Capital Markets downgraded shares of CenturyLink from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CenturyLink in a research note on Friday, March 14th. They now have a $32.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.59.
CenturyLink, Inc (NYSE:CTL) is an integrated communications company.
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