Centurylink Target of Unusually High Options Trading (CTL)

Centurylink Inc (NYSE:CTL) was the recipient of unusually large options trading on Monday. Investors acquired 74,004 call options on the stock. This represents an increase of 915% compared to the average volume of 7,290 call options.

In other Centurylink news, Chairman Harvey P. Perry bought 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $107,400.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Glen F. Post III bought 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $14.17 per share, for a total transaction of $708,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 150,595 shares of company stock worth $2,154,131. 0.61% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. lifted its holdings in shares of Centurylink by 132.3% in the 4th quarter. Bessemer Group Inc. now owns 6,264 shares of the technology company’s stock valued at $104,000 after buying an additional 3,568 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Centurylink by 250.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 6,753 shares of the technology company’s stock valued at $113,000 after buying an additional 4,828 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Centurylink in the 3rd quarter valued at about $115,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of 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 period. Finally, Blue Granite Capital LLC acquired a new position in shares of Centurylink in the 3rd quarter valued at about $136,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Shares of Centurylink (CTL) opened at $17.06 on Thursday. 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 $18,240.00, a PE ratio of 29.41, a price-to-earnings-growth ratio of -7.32 and a beta of 0.82. Centurylink has a one year low of $13.16 and a one year high of $27.61.

Centurylink (NYSE:CTL) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Centurylink had a net margin of 1.89% and a return on equity of 7.99%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. equities research analysts forecast that Centurylink will post 1.56 earnings per share for the current year.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Centurylink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. ValuEngine upgraded Centurylink from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and set a $25.00 target price on shares of Centurylink in a research note on Wednesday, November 1st. Cowen reiterated a “hold” rating and set a $24.00 price target on shares of Centurylink in a research note on Thursday, October 19th. Finally, Royal Bank of Canada upgraded Centurylink from a “sector perform” rating to an “outperform” rating in a research note on Thursday, January 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.37.

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About Centurylink

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 Enterprise, 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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