Published: Fri, July 07, 2017
Hi-Tech | By Ellis Neal

CenturyLink, Inc. (CTL) Expected to Announce Quarterly Sales of $4.09 Billion


ValuEngine lowered CenturyLink from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. Hedge funds and other institutional investors own 77.45% of the company's stock. South Dakota Investment Council's holdings in CenturyLink were worth $665,000 at the end of the most recent quarter.

A number of research firms have recently issued reports on CTL. Exane Derivatives boosted its position in shares of CenturyLink by 29.7% in the first quarter. Lastly, BidaskClub downgraded CenturyLink from a "buy" recommendation to a "hold" recommendation in a analysis report on Tue, Jun 20th. around three financial stock experts recommended the company shares with a sell recommendation, nine has issued a hold recommendation, four has issued a buy recommendation and 1 has given a strong buy recommendation to the share. Russell Investments Group Ltd. acquired a new position in shares of CenturyLink during the fourth quarter worth $14,755,000. Geode Capital Management LLC now owns 6,721,808 shares of the technology company's stock worth $158,256,000 after buying an additional 613,038 shares during the last quarter. M Holdings Securities Inc. now owns 14,100 shares of the technology company's stock worth $335,000 after buying an additional 5,918 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of CenturyLink by 743.3% in the third quarter. Focused Wealth Management Inc now owns 6,308 shares of the technology company's stock valued at $150,000 after buying an additional 400 shares during the period. Geode Capital Management LLC raised its position in CenturyLink by 10.0% in the first quarter.

The Gap, Inc. (NYSE:GPS) ended its day at $22.91 with the rising stream of 4.18% and its total traded volume was 5.54 million shares less than the average volume.

CenturyLink, Inc. (CTL) now has a Return on Assets (ROA) value of 1.2 Percent. Leading up to this report, we have seen a -7.34% fall in the stock price over the last 30 days and a 1.57% increase over the past 3 months.

CenturyLink, Inc. has a 1-year low of $22.33 and a 1-year high of $33.45. They now have a Dollars 23 price target on the stock. CenturyLink also was the recipient of some unusual options trading activity on Tuesday.

On last trading day, Himax Technologies, Inc. This represents an increase of approximately 142% compared to the typical volume of 2,088 call options. Korea Investment has invested 0.1% of its portfolio in Centurylink Inc (NYSE:CTL). The technology company reported $0.52 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.53 by $0.01. The firm had revenue of $4.21 billion during the quarter, compared to analysts' expectations of $4.27 billion. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. During the same quarter previous year, the firm earned $0.71 EPS.

Analyst research firms are expressing bullish stance on CenturyLink, Inc.

The business also recently announced a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Monday, June 5th were given a $0.54 dividend. More interesting news about Centurylink Inc (NYSE:CTL) were released by: Seekingalpha.com and their article: "CenturyLink slides as suit charges Wells Fargo-like scheme" published on June 16, 2017 as well as Gurufocus.com's news article titled: "Grassi Investment Management Buys CenturyLink Inc, CyrusOne Inc, Energy ..." with publication date: July 03, 2017. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.04%. CenturyLink's payout ratio is now 211.77%.

COPYRIGHT VIOLATION WARNING: This news story was reported by [[site]] and is the property of of [[site]]. If you are accessing this news story on another site, it was stolen and reposted in violation of US & global copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/07/04/s-r-schill-associates-boosts-stake-in-centurylink-inc-nysectl.html. Centurylink Inc. had 35 analyst reports since July 31, 2015 according to SRatingsIntel.

Quantum Capital Management increased Cit Group Inc (CIT) stake by 8.21% reported in 2016Q4 SEC filing. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. (The) reaffirmed a "sell" rating and issued a $19.00 price target on shares of CenturyLink in a research note on Saturday, March 25th. Vetr raised CenturyLink from a "buy" rating to a "strong-buy" rating and set a $25.27 price target for the company in a research note on Tuesday, March 7th. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Jefferies upgraded Centurylink Inc (NYSE:CTL) on Wednesday, January 25 to "Hold" rating. Finally, Raymond James Financial, Inc. reissued an "underperform" rating on shares of CenturyLink in a report on Monday, May 15th. The Company is engaged in providing an array of communications services to its residential and business customers. Its communications services include local and long-distance voice, broadband, Multi-Protocol Label Switching (MPLS), private line (including special access), Ethernet, colocation, hosting (including cloud hosting and managed hosting), data integration, video, network, public access, Voice over Internet Protocol (VoIP), information technology and other ancillary services.

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