Centurylink Inc (CTL) : Tradewinds Global Investors scooped up 292,770 additional shares in Centurylink Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,321,724 shares of Centurylink Inc which is valued at $39,598,851.Centurylink Inc makes up approximately 2.40% of Tradewinds Global Investors’s portfolio.
Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. reduced its stake in CTL by selling 333,935 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 15,093,908 shares of CTL which is valued at $452,213,484. Centurylink Inc makes up approx 0.07% of Blackrock Institutional Trust Company N.a.’s portfolio.Cibc Asset Management Inc reduced its stake in CTL by selling 1,778 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 66,683 shares of CTL which is valued at $2,034,498. Centurylink Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in CTL in the latest quarter, The investment management firm added 1,638 additional shares and now holds a total of 81,472 shares of Centurylink Inc which is valued at $2,485,711. Centurylink Inc makes up approx 0.06% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Nisa Investment Advisors reduced its stake in CTL by selling 3,600 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 183,910 shares of CTL which is valued at $5,686,497. Centurylink Inc makes up approx 0.07% of Nisa Investment Advisors’s portfolio.Breton Hill Capital Ltd. boosted its stake in CTL in the latest quarter, The investment management firm added 5,819 additional shares and now holds a total of 33,694 shares of Centurylink Inc which is valued at $1,040,471. Centurylink Inc makes up approx 0.32% of Breton Hill Capital Ltd.’s portfolio.
Centurylink Inc closed down -0.29 points or -1.00% at $28.84 with 46,81,371 shares getting traded on Friday. Post opening the session at $29.04, the shares hit an intraday low of $28.685 and an intraday high of $29.07 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.