(CTL) Shares now down at $18.42 CenturyLink voltooit overname van Level…

(CTL) Shares now down at $18.42 CenturyLink voltooit overname van Level…”

Shares of CenturyLink Inc. AMP Capital Investors Ltd now owns 365,364 shares of the company's stock valued at $11,643,000 after buying an additional 109,844 shares during the period. Exane Derivatives' holdings in CenturyLink were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Hedge funds and other institutional investors have recently bought and sold shares of the company. CenturyLink shareholders now own approximately 51 percent and former Level 3 stockholders now own approximately 49 percent of the combined company. Fiduciary Management Inc. WI bought a new position in CenturyLink during the second quarter worth $86,411,000.

Several analysts have provided guidance on CTL recently. Zacks Investment Research cut CenturyLink from a "buy" rating to a "hold" rating in a research note on Friday, August 5th. On October 4 Barclays kept the company rating at "Underweight" but lowered the price expectation from $25.00 to $19.00. CenturyLink now has a consensus rating of "Hold" and a consensus price target of $28.26. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Finally, Royal Bank Of Canada boosted their price objective on CenturyLink from $29.00 to $31.00 and gave the company a "sector perform" rating in a research note on Monday, August 8th.

WARNING: "CenturyLink, Inc. (NYSE:CTL) Stake Increased by Exane Derivatives" was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. "CenturyLink is focused on providing a differentiated experience for our customers, while driving profitable growth and increasing free cash flow per share".

In the market the company is trading down by 3.00% percent from yesterday's close.

The most current P/E ratio is 26.70 and market cap is 10.12B. CenturyLink, Inc. has a 1-year low of $17.07 and a 1-year high of $27.61.

It is trading at $18.42 a tad under the 50 day moving average of $19.15 and significantly below the 200 day moving average of $22.40.

CenturyLink (NYSE:CTL) last posted its earnings results on Wednesday, November 2nd. The dividend was $0.540 per share for the quarter which is $2.16 annualized. CenturyLink had a return on equity of 10.48% and a net margin of 5.22%. The new company has an estimated pro forma revenue of $24 billion, excluding revenue related to CenturyLink's co-location business sale and including estimated divestitures. Next quarter's EPS is forecasted at $0.49 and the next full year EPS is anticipated to be $1.85. CenturyLink said 75 percent of its core revenue will be generated from business customers, with almost two-thirds of its revenue coming from strategic services. As of the latest earnings report the EPS was $0.69 and is estimated to be $1.94 for the current year with 549,609,000 shares presently outstanding.

CenturyLink finalise l'acquisition de Level 3.

The combined company, with estimated pro forma revenue of $24 billion for the trailing twelve months ended June 30, 2017 (excluding revenue related to CenturyLink's May 1, 2017, colocation business sale and including estimated intercompany eliminations and purchase accounting adjustments), anticipates that approximately 75 percent of its core revenue will come from business customers and almost two-thirds of its core revenue will come from strategic services. The Business's segments include business and consumer.

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