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.



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