Economy

PineView Asset Management LP Sells 174996 Shares of CenturyLink, Inc. (NYSE:CTL)

Shares of CenturyLink (NYSE CTL) opened at 19.76 on Friday.

Several research analysts have commented on CTL shares. BidaskClub lowered CenturyLink from a "buy" rating to a "hold" rating in a research report on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a "hold" rating and issued a $25.00 price objective on shares of CenturyLink in a report on Monday, September 18th. Over the last six months, CenturyLink, Inc.'s stock has been -24.79% and -30.51% for the year. Finally, Morgan Stanley decreased their price objective on shares of CenturyLink from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. CenturyLink has a consensus rating of "Hold" and an average price target of $25.15.

CenturyLink, Inc. (NYSE:CTL) reported its EPS in the last quarter as $0.46/Share lagging the analyst estimate of $0.49/Share by a difference of $-0.03. The stock's 50-day moving average price is $19.43 and its 200-day moving average price is $22.88. The company operates in the Communication Services sector with a market capitalization of 10.51 Million.

CenturyLink, Inc. (NYSE:CTL) touched its 1-Year High price of $33.45 on 10/27/16 and its 1-Year Low price of $18.17 on 09/18/17. It has a return on equity (ROE) of 2.80%. The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.09 billion. They expect $0.46 earnings per share, down 17.86% or $0.10 from last year's $0.56 per share. The business's revenue for the quarter was down 7.0% compared to the same quarter a year ago. Next quarter's EPS is forecasted to be $0.49 with next year's EPS projected to be $1.85. Mutual Of America Capital Mgmt Ltd Co invested 0.06% in Centurylink Inc (NYSE:CTL). Endurance Wealth Management Inc. raised its stake in shares of CenturyLink by 18.5% during the second quarter.

Investors are a little more bearish on shares of the company lately if you evaluate the uptick in short interest.

TRADEMARK VIOLATION NOTICE: This story was first published by TrueBlueTribune and is the sole property of of TrueBlueTribune. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/centurylink-inc-ctl-rating-increased-to-hold-at-zacks-investment-research/1715244.html. Endurance Wealth Management Inc. now owns 4,650 shares of the technology company's stock valued at $111,000 after buying an additional 725 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in CenturyLink in the 2nd quarter valued at approximately $211,000. State Street Corp now owns 31,157,907 shares of the technology company's stock valued at $734,384,000 after purchasing an additional 293,702 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CenturyLink by 3.2% during the second quarter. WealthPLAN Partners LLC now owns 8,640 shares of the technology company's stock worth $206,000 after buying an additional 8,490 shares during the last quarter. In addition, the company provides data, voice and managed services to business, government and wholesale customers in local, national and select worldwide markets through its fiber optic network and multiple data centers. CenturyLink, Inc., formerly known as CenturyTel, Inc., is headquartered in Monroe, Louisiana. The Business's segments include business and consumer.



Like this

loading...
loading...

Latest


19 October 2017
Quarterly Financial Watch for Edison International (NYSE:EIX)
Tiemann Inv Advsr Limited Liability Co holds 0.32% of its portfolio in Edison International (NYSE: EIX ) for 4,550 shares. Edison International , launched on April 20, 1987, is the holding company of Southern California Edison Company (SCE).

19 October 2017
Emmitt Williams arrested on charges of sexual battery, false imprisonment
As a recruit, Williams took an official visit to OR in late September, and was viewed as a possible Ducks lean. According to CBS Sports, he'll appear in court later Wednesday and is being held on $3,500 bond.

19 October 2017
Institutional Investor Sentiment About Enbridge Energy Management LLC (NYSE:EEQ) Improved
Traders are a little more bearish on Enbridge Energy Management LLC recently if you take a look at the motion in short interest. Its up 0.14, from 1.84 in 2017Q1. 132.27 million shares or 1.16% more from 130.75 million shares in 2017Q1 were reported.

19 October 2017
Let Police Operate Drones for Emergencies-but with Full Transparency
Just this past fiscal year, the department paid out $81 million in settlements for negligent or criminal police behavior. LAPD Chief Charlie Beck said the drones will not be used for general surveillance or investigation of low-level crimes.

19 October 2017
Delphi Automotive PLC (DLPH) stock closes 0.05% above from its SMA-50
Coliseum Capital Management Llc holds 60.83% of its portfolio in The Providence Service Corporation for 1.97 million shares. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06.

19 October 2017
Dimensional Fund Advisors LP Sells 209157 Shares of RSP Permian, Inc. (RSPP)
The fund owned 2,346,837 shares of the oil and natural gas company's stock after selling 209,157 shares during the quarter. The business had revenue of $183.10 million during the quarter, compared to analyst estimates of $185.01 million.

19 October 2017
PACCAR (NASDAQ:PCAR) Given News Sentiment Score of 0.21
ValuEngine cut shares of PACCAR from a buy rating to a hold rating in a research report on Tuesday, October 10th. Renaissance Technologies LLC purchased a new stake in PACCAR in the 2nd quarter valued at about $82,298,000.

19 October 2017
Kraft Heinz Co (KHC) Stock Is At 1 Year Low Now
The fund owned 142,897 shares of the company's stock after buying an additional 21,763 shares during the quarter. Finally, RMB Capital Management LLC raised its holdings in shares of The Kraft Heinz by 0.9% in the 1st quarter.

19 October 2017
Cisco Systems' (NASDAQ:CSCO) "Hold" Rating Reaffirmed at Credit Suisse Group
The firm has "Buy" rating by Axiom Capital given on Thursday, October 27. 1,874 were reported by Ameritas Ptnrs. (NASDAQ:CSCO). In looking the SMA 200 we see that the stock has seen a 3.89%.The Company's net profit margin for the 12 months at 20.00%.

19 October 2017
Micron Technology, Inc. (MU) Stake Increased by Dnb Asset Management As
Mizuho maintained Micron Technology, Inc . ( NASDAQ MU ) traded down 1.362% during mid-day trading on Tuesday, hitting $40.925. Following the completion of the sale, the senior vice president now owns 289,940 shares in the company, valued at $11,046,714.