Sentinel Trust Co Lba buys $7,445,576 stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Sentinel Trust Co Lba scooped up 33,733 additional shares in Centurylink Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 230,799 shares of Centurylink Inc which is valued at $7,445,576.Centurylink Inc makes up approximately 1.10% of Sentinel Trust Co Lba’s portfolio.

Centurylink Inc closed down -0.04 points or -0.12% at $32.22 with 29,90,263 shares getting traded on Monday. Post opening the session at $32.12, the shares hit an intraday low of $31.96 and an intraday high of $32.395 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Investors Asset Management Of Georgia Inc Ga Adv boosted its stake in CTL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 17,124 shares of Centurylink Inc which is valued at $552,420. Centurylink Inc makes up approx 0.45% of Investors Asset Management Of Georgia Inc Ga Adv’s portfolio.State Of Alaska Department Of Revenue boosted its stake in CTL in the latest quarter, The investment management firm added 60,285 additional shares and now holds a total of 85,143 shares of Centurylink Inc which is valued at $2,746,713. Centurylink Inc makes up approx 0.29% of State Of Alaska Department Of Revenue’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in CTL in the latest quarter, The investment management firm added 9,360 additional shares and now holds a total of 132,415 shares of Centurylink Inc which is valued at $4,271,708. Centurylink Inc makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.Marshwinds Advisory Co reduced its stake in CTL by selling 315 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 21,881 shares of CTL which is valued at $701,942. Centurylink Inc makes up approx 0.36% of Marshwinds Advisory Co’s portfolio.Charter Trust Co boosted its stake in CTL in the latest quarter, The investment management firm added 5,360 additional shares and now holds a total of 17,853 shares of Centurylink Inc which is valued at $572,724. Centurylink Inc makes up approx 0.07% of Charter Trust Co’s portfolio.

On the company’s financial health, Centurylink Inc reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.65. The company had revenue of $4480.00 million for the quarter, compared to analysts expectations of $4415.77 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Centurylink Inc. Company shares were Reiterated by Deutsche Bank on Apr 12, 2016 to “Hold”, Firm has raised the Price Target to $ 30 from a previous price target of $28 .Centurylink Inc was Downgraded by Jefferies to ” Underperform” on Mar 17, 2016. Deutsche Bank Initiated Centurylink Inc on Feb 24, 2016 to “Hold”, Price Target of the shares are set at $28.

CenturyLink Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential business governmental and wholesale customers. The Company’s communications services include local and long-distance broadband private line Multi-Protocol Label Switching (MPLS) data integration managed hosting colocation Ethernet network access video wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic legacy and data integration products and services to enterprise wholesale and governmental customers including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.

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