Will Investors Now Sell CenturyLink (CTL) Stock Following Today’s, Macquarie Downgrades?

May 16, 2018 - By Michael Collier

CenturyLink, Inc. (NYSE:CTL) Logo

Investors sentiment increased to 1.99 in 2017 Q4. Its up 1.04, from 0.95 in 2017Q3. It increased, as 78 investors sold CenturyLink, Inc. shares while 110 reduced holdings. 118 funds opened positions while 256 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported.

State Board Of Administration Of Florida Retirement System stated it has 1.47M shares or 0.07% of all its holdings. Mark Sheptoff Planning Lc accumulated 500 shares. Platinum Invest Mngmt Ltd reported 412,151 shares. The New York-based Ibm Retirement Fund has invested 0.04% in CenturyLink, Inc. (NYSE:CTL). Bnp Paribas Arbitrage has invested 0.02% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Proshare Limited Co accumulated 0.03% or 222,199 shares. Paradigm Asset Limited Liability Co invested in 0.12% or 25,730 shares. National Asset Management invested in 31,884 shares or 0.07% of the stock. Putnam Invs Ltd Com owns 14,256 shares. Sit Inv Assocs holds 574,025 shares. Harvest Ltd Co invested 0.39% in CenturyLink, Inc. (NYSE:CTL). West Family Investments Inc holds 10.86% or 2.54M shares. World Asset Management Inc reported 0.05% of its portfolio in CenturyLink, Inc. (NYSE:CTL). Cleararc Capital has invested 0.06% in CenturyLink, Inc. (NYSE:CTL). Singapore Technologies Telemedia Pte stated it has 92.90M shares.

Since April 3, 2018, it had 2 insider purchases, and 0 sales for $215.07 million activity.

CenturyLink (CTL) Receives a Downgrade

In a note revealed to investors and clients on Wednesday morning, Macquarie announced that they will be downgrading shares of CenturyLink (CTL) from a Neutral to a Underperform rating.

The stock decreased 0.57% or $0.11 during the last trading session, reaching $19.26. About 8.62M shares traded. CenturyLink, Inc. (CTL) has declined 28.66% since May 17, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

Analysts await CenturyLink, Inc. (NYSE:CTL) to report earnings on August, 1. They expect $0.21 earnings per share, down 54.35 % or $0.25 from last year’s $0.46 per share. CTL’s profit will be $226.57 million for 22.93 P/E if the $0.21 EPS becomes a reality. After $0.25 actual earnings per share reported by CenturyLink, Inc. for the previous quarter, Wall Street now forecasts -16.00 % negative EPS growth.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental clients in the United States. The company has market cap of $20.78 billion. It operates through two divisions, Business and Consumer. It has a 8.71 P/E ratio. The firm offers broadband services, which allow clients to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites.

More notable recent CenturyLink, Inc. (NYSE:CTL) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: 3M, AMD, CenturyLink, Chipotle, F5 Networks, Raymond James, Symantec …” on May 16, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018, Seekingalpha.com published: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” on May 10, 2018. More interesting news about CenturyLink, Inc. (NYSE:CTL) were released by: Seekingalpha.com and their article: “CenturyLink -1.2% as Macquarie downgrades to Underperform” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “CenturyLink: Streamlining A Fat Dividend” with publication date: May 16, 2018.

CenturyLink, Inc. (NYSE:CTL) Institutional Positions Chart

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