The stock of Centurylink Inc (NYSE:CTL) is a huge mover today! About 1.02 million shares traded hands. Centurylink Inc (NYSE:CTL) has declined 11.65% since March 8, 2016 and is downtrending. It has underperformed by 20.96% the S&P500.
The move comes after 6 months positive chart setup for the $15.19 billion company. It was reported on Oct, 11 by Barchart.com. We have $38.84 PT which if reached, will make NYSE:CTL worth $6.08 billion more.
Analysts await Centurylink Inc (NYSE:CTL) to report earnings on November, 2. They expect $0.56 EPS, down 20.00% or $0.14 from last year’s $0.7 per share. CTL’s profit will be $306.65M for 12.38 P/E if the $0.56 EPS becomes a reality. After $0.63 actual EPS reported by Centurylink Inc for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
Centurylink Inc (NYSE:CTL) Ratings Coverage
Out of 11 analysts covering Centurylink Inc. (NYSE:CTL), 1 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 9% are positive. Centurylink Inc. has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, October 13. The stock of Centurylink Inc (NYSE:CTL) has “Hold” rating given on Wednesday, June 22 by Evercore. UBS maintained it with “Buy” rating and $36 target price in Thursday, August 6 report. Jefferies upgraded Centurylink Inc (NYSE:CTL) on Friday, July 31 to “Hold” rating. RBC Capital Markets initiated the stock with “Sector Perform” rating in Tuesday, September 22 report. The firm has “Underweight” rating by Barclays Capital given on Tuesday, September 15. The firm has “Neutral” rating by Macquarie Research given on Monday, July 11. Citigroup maintained Centurylink Inc (NYSE:CTL) on Monday, March 14 with “Neutral” rating. The company was maintained on Friday, August 7 by Citigroup. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, May 3.
According to Zacks Investment Research, “CenturyLink, Inc. is a telecommunications company that provides broadband, voice and wireless services to consumers and businesses in the United States. It also offers entertainment services under the CenturyLink, Prism TV and DIRECTV brands. In addition, the company provides data, voice and managed services to business, government and wholesale customers in local, national and select international markets through its fiber optic network and multiple data centers. CenturyLink, Inc., formerly known as CenturyTel, Inc., is headquartered in Monroe, Louisiana.”
Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.04, from 1.18 in 2016Q1. The ratio dived, as 56 funds sold all Centurylink Inc shares owned while 180 reduced positions. 37 funds bought stakes while 231 increased positions. They now own 384.28 million shares or 5.87% less from 408.25 million shares in 2016Q1.
Stifel has 442,976 shares for 0.06% of their US portfolio. Kistler has 0.03% invested in the company for 1,789 shares. Westpac Banking Corp has invested 0% of its portfolio in Centurylink Inc (NYSE:CTL). Hsbc Hldg Public Limited Co holds 902,324 shares or 0.07% of its portfolio. Aperio Gru Lc holds 269,464 shares or 0.06% of its portfolio. Intrust Retail Bank Na owns 23,170 shares or 0.27% of their US portfolio. Cap Advisory Svcs last reported 0.07% of its portfolio in the stock. Hall Laurie J Trustee holds 460 shares or 0.01% of its portfolio. Parametric Port Assoc Limited Com last reported 1.86M shares in the company. Sei Invests Com has invested 0.01% of its portfolio in Centurylink Inc (NYSE:CTL). Brown Brothers Harriman & holds 0% or 11,463 shares in its portfolio. Blackrock Fund Advisors holds 16.11 million shares or 0.1% of its portfolio. Valley National Advisers Inc holds 0% or 316 shares in its portfolio. Axa, a France-based fund reported 57,000 shares. Moreover, First Financial In has 0.04% invested in Centurylink Inc (NYSE:CTL) for 2,505 shares.
More notable recent Centurylink Inc (NYSE:CTL) news were published by: Prnewswire.com which released: “CenturyLink announces gigabit service now available to 14000 MTUs in its footprint” on October 10, 2016, also Forbes.com with their article: “CenturyLink (CTL) Shares Cross 8% Yield Mark” published on September 20, 2016, Prnewswire.com published: “CenturyLink named a ‘Leader’ for data centre operations and management in IDC …” on October 04, 2016. More interesting news about Centurylink Inc (NYSE:CTL) were released by: Prnewswire.com and their article: “CenturyLink to offer $1.4 million in Teachers and Technology grants” published on October 03, 2016 as well as Prnewswire.com‘s news article titled: “Content delivery network provider Highwinds chooses CenturyLink for Data …” with publication date: September 14, 2016.
CTL Company Profile
CenturyLink, Inc., incorporated on May 7, 1968, is an integrated communications company. The Firm is engaged in providing an array of communications services to residential and business customers. The Company’s divisions include Business and Consumer. The Company’s communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services. The Firm operates approximately 11.7 million access lines, served approximately six million high-speed Internet subscribers and over 280 thousand Prism television subscribers. It also operates approximately 60 data centers throughout North America, Europe and Asia. The Firm categorizes its products, services and revenues into approximately four categories, including Strategic services, Legacy services, Data integration and Other operating revenues.
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