Centurylink Inc (CTL) : Mpam Credit Trading Partners added new position in Centurylink Inc during the most recent quarter end. The investment management firm now holds 40,000 shares of Centurylink Inc which is valued at $1.1 Million , the company said in a statement filed on May 13, 2016 with the SEC.Centurylink Inc makes up approximately 2.73% of Mpam Credit Trading Partners’s portfolio.
Other Hedge Funds, Including , Marshall Wace Llp sold out all of its stake in CTL during the most recent quarter. The investment firm sold 58,018 shares of CTL which is valued $1.6 Million.Thrivent Financial For Lutherans boosted its stake in CTL in the latest quarter, The investment management firm added 560 additional shares and now holds a total of 15,905 shares of Centurylink Inc which is valued at $443,431.Winch Advisory Services boosted its stake in CTL in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 623 shares of Centurylink Inc which is valued at $17,369. Centurylink Inc makes up approx 0.03% of Winch Advisory Services’s portfolio. Regis Management Co sold out all of its stake in CTL during the most recent quarter. The investment firm sold 8,110 shares of CTL which is valued $231,459. Prentiss Smith Co Inc sold out all of its stake in CTL during the most recent quarter. The investment firm sold 1,160 shares of CTL which is valued $33,106.
Centurylink Inc closed down -0.02 points or -0.07% at $27.18 with 39,96,138 shares getting traded on Wednesday. Post opening the session at $27.3, the shares hit an intraday low of $27.1 and an intraday high of $27.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Centurylink Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $4401.00 million for the quarter, compared to analysts expectations of $4425.72 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Centurylink Inc. Centurylink Inc was Downgraded by Wells Fargo to ” Market Perform” on May 3, 2016. 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.
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.