Economy

Stock is down at $24.38 (CTL) Shareholder Class Action Filed Against…

Wells Fargo & Company MN raised its stake in shares of CenturyLink by 150.5% in the first quarter.

Other institutional investors also recently added to or reduced their stakes in the company. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. Norges Bank purchased a new position in shares of CenturyLink during the fourth quarter valued at approximately $86,191,000. S. R. Schill & Associates increased its stake in Centurylink by 17.7% in the first quarter. The dividend was $0.540 per share for the quarter which is $2.16 annualized. Shares of CTL have uptrended 7.15% in the past three months, while the industry overall has moved 1.7% in that time.

Total cash per share on the most recent quarter is 0.39. FMR LLC raised its stake in shares of CenturyLink by 53.3% in the fourth quarter. They now have a $25.00 price target on the technology company's stock.

Centurylink (NYSE:CTL) shows a Forward Annual Dividend Rate of $2.16 and Trailing Annual Dividend Yield of 8.74% according to MorningStar Inc. Tightening the gaze, stock performance for the last 5 trading days is -9.65%. The 50 day moving average was down $-0.94 and the 200 day average went down by -1.233%. Centurylink has a 52 week low of $22.33 and a 52 week high of $33.45. The company has a market cap of $13.36 billion, a PE ratio of 23.87 and a beta of 0.87. Next quarter's EPS is estimated at $0.52 with next year's EPS projected to be $2.07. CenturyLink's revenue for the quarter was down 4.4% on a year-over-year basis. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. During the same quarter previous year, the firm posted $0.71 EPS. During the same period a year ago, the business posted $0.71 earnings per share. On average, analysts forecast that CenturyLink, Inc. will post $2.11 EPS for the current fiscal year.

Common Stock recently declared a dividend that was paid on Friday the 16th of June 2017. The following day, Axiom issued a second press release, advising investors that "it now appears the merger was never completed" and advising investors that it would rescind the shares that were issued to the CJC Shareholders in connection with the merger. The ex-dividend date of this dividend was Thursday, June 1st. The ratio has dropped, as 276 funds increased or started new stock positions, while 266 decreased and sold holdings in Centurylink Inc. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. If you are viewing this article on another domain, it was stolen and reposted in violation of US and worldwide trademark and copyright laws. Over the past twelve months, CenturyLink, Inc.

CTL has been the subject of several recent research reports. Price changes in a company's debt in credit markets sometimes predict parallel changes in its share price. Moffett Nathanson initiated the stock with "Neutral" rating in Tuesday, February 28 report. Jefferies Group LLC decreased their price objective on CenturyLink from $26.00 to $23.00 and set a "hold" rating for the company in a research note on Thursday, May 4th.

03/22/2017 - CenturyLink, Inc. had its " rating reiterated by analysts at Goldman Sachs. Buy rating has been given by 4 analysts to the company stock whereas 3 given UNDERPERFORM rating to stock and 8 given HOLD rating. Comerica Bank now owns 143,123 shares of the technology company's stock worth $3,615,000 after buying an additional 2,770 shares during the period. Vetr downgraded shares of Centurylink from a "strong-buy" rating to a "buy" rating and set a $26.40 target price for the company.in a research note on Monday, February 27th. After having $0.52 EPS previously, Centurylink Inc's analysts see 5.77 % EPS growth. The Company is engaged in providing an array of communications services to its residential and business customers. (CTL) has the trading volume of 14.71 Million shares with the average trading volume of 17890 shares.



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