CenturyLink (NYSE:CTL) has climbed 1.85% in the past week and advanced 1.48% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.08% and the outperformance has advanced to 0.55% for the last 4 weeks period.
CenturyLink (NYSE:CTL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.10 and $27.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.46, notching a gain of 0.81% for the day. The total traded volume was 10,587,099 . The stock had closed at $27.24 on the previous day.
The company shares have dropped -15.90% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $33.01 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.79 and the 200 Day Moving Average price is recorded at $28.19.
On the companys insider trading activities,The officer (EVP, Global Ops & Shared Svcs) of Centurylink, Inc, Moreau Maxine L sold 3,841 shares at $30.23 on February 18, 2016. The Insider selling transaction had a total value worth of $116,113. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Wells Fargo downgrades its rating on CenturyLink (NYSE:CTL). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Market Outperform by the brokerage firm. The rating by the firm was issued on May 3, 2016. Currently the company Insiders own 0.61% of CenturyLink shares according to the proxy statements. Institutional Investors own 75.67% of CenturyLink shares. During last six month period, the net percent change held by insiders has seen a change of -20.56%.
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 Companys 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.