CenturyLink, Inc. (NYSE:CTL) Director Virginia Boulet purchased 5,095 shares of the business’s stock in a transaction on Monday, December 11th. The shares were acquired at an average price of $15.48 per share, for a total transaction of $78,870.60. Following the completion of the acquisition, the director now directly owns 42,820 shares in the company, valued at approximately $662,853.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of CenturyLink, Inc. (CTL) traded down $0.17 during trading hours on Tuesday, hitting $15.70. The stock had a trading volume of 15,523,361 shares, compared to its average volume of 10,963,738. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.82 and a quick ratio of 0.82. CenturyLink, Inc. has a one year low of $13.16 and a one year high of $27.61. The firm has a market capitalization of $16,800.00, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of -4.59 and a beta of 0.79.
CenturyLink (NYSE:CTL) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm 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%. CenturyLink’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. research analysts anticipate that CenturyLink, Inc. will post 1.6 EPS for the current year.
CTL has been the topic of a number of research analyst reports. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a report on Friday, August 18th. J P Morgan Chase & Co restated a “buy” rating and set a $26.00 price target on shares of CenturyLink in a report on Thursday, November 9th. UBS cut their price target on CenturyLink from $29.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, November 9th. Bank of America cut their price target on CenturyLink from $42.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded CenturyLink from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.07.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC purchased a new stake in CenturyLink in the 3rd quarter valued at $115,000. Patriot Financial Group Insurance Agency LLC raised its position in CenturyLink by 178.6% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,684 shares of the technology company’s stock valued at $134,000 after buying an additional 4,285 shares during the last quarter. Blue Granite Capital LLC purchased a new stake in CenturyLink in the 3rd quarter valued at $136,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in CenturyLink by 10,329.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,196 shares of the technology company’s stock valued at $136,000 after buying an additional 7,127 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in CenturyLink in the 2nd quarter valued at $197,000. 82.32% of the stock is owned by institutional investors and hedge funds.
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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