Centurylink Inc (CTL) : Sentinel Trust Co Lba reduced its stake in Centurylink Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 229,701 shares of Centurylink Inc which is valued at $7,017,366 after selling 1,098 shares in Centurylink Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Centurylink Inc makes up approximately 0.98% of Sentinel Trust Co Lba’s portfolio.
Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in CTL in the latest quarter, The investment management firm added 204 additional shares and now holds a total of 10,087 shares of Centurylink Inc which is valued at $308,158. Centurylink Inc makes up approx 0.05% of Carroll Financial Associates’s portfolio.Kelman-lazarov reduced its stake in CTL by selling 6 shares or 46.15% in the most recent quarter. The Hedge Fund company now holds 7 shares of CTL which is valued at $216. Deroy Devereaux Private Investment Counsel Inc sold out all of its stake in CTL during the most recent quarter. The investment firm sold 7,268 shares of CTL which is valued $224,436. Perkins Coie Trust Co sold out all of its stake in CTL during the most recent quarter. The investment firm sold 35 shares of CTL which is valued $1,058. Iowa State Bank added CTL to its portfolio by purchasing 203 company shares during the most recent quarter which is valued at $6,135.
Centurylink Inc opened for trading at $30.6 and hit $30.6 on the upside on Wednesday, eventually ending the session at $30.55, with a gain of 0.20% or 0.06 points. The heightened volatility saw the trading volume jump to 40,01,603 shares. Company has a market cap of $16,682 M.
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. Shares were Downgraded by Morgan Stanley on Jul 18, 2016 to ” Underweight” and Lowered the Price Target to $ 27 from a previous price target of $31 .Macquarie Initiated Centurylink Inc on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $31.Centurylink Inc was Initiated by Evercore ISI to “Hold” on Jun 22, 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.