Centurylink Inc (CTL) : Arlington Capital Management added new position in Centurylink Inc during the most recent quarter end. The investment management firm now holds 8,394 shares of Centurylink Inc which is valued at $256,101 , the company said in a statement filed on Aug 2, 2016 with the SEC.Centurylink Inc makes up approximately 0.13% of Arlington Capital Management’s portfolio.
Other Hedge Funds, Including , Nippon Life Insurance Co reduced its stake in CTL by selling 25 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 40,833 shares of CTL which is valued at $1,245,815. Centurylink Inc makes up approx 0.03% of Nippon Life Insurance Co’s portfolio.Ftb Advisors reduced its stake in CTL by selling 114 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 3,418 shares of CTL which is valued at $107,462. Centurylink Inc makes up approx 0.01% of Ftb Advisors’s portfolio.Eagle Asset Management Inc reduced its stake in CTL by selling 25 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 133,638 shares of CTL which is valued at $4,082,641. Centurylink Inc makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.Visionary Asset Management boosted its stake in CTL in the latest quarter, The investment management firm added 4,968 additional shares and now holds a total of 81,849 shares of Centurylink Inc which is valued at $2,530,771. Centurylink Inc makes up approx 0.87% of Visionary Asset Management’s portfolio.
Centurylink Inc opened for trading at $30.01 and hit $30.35 on the upside on Monday, eventually ending the session at $30.28, with a gain of 1.34% or 0.4 points. The heightened volatility saw the trading volume jump to 36,36,745 shares. Company has a market cap of $16,532 M.
On the company’s financial health, Centurylink Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.59. The company had revenue of $4398.00 million for the quarter, compared to analysts expectations of $4390.47 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Centurylink Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .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. 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.