CenturyLink, Inc. (NYSE:CTL) Sees Unusual Trading Volume in Its Shares

The short ratio in the company’s stock is documented at 10.96 and the short float is around of 20.99%. Artemis Investment Management LLP owned approximately 0.28% of CenturyLink at the end of the most recent reporting period.

Quite a few hedge fund investors and institutional investors have purchased or disposed their positions in CTL. Cleararc Capital Inc. grew its position in shares of CenturyLink by 0.7% during the 1st quarter. The overall volume in the last trading session was 12.97 million shares. BB&T Corp grew its position in shares of CenturyLink by 0.8% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 14,399 shares of the technology company’s stock valued at $317,000 after buying an additional 402 shares in the last quarter. Outstanding shares refer to a company’s stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company’s officers and insiders. American International Group Inc. now owns 15,944,716 shares of the technology company’s stock worth $375,817,000 after acquiring an additional 214,210 shares in the last quarter. Benin Management Corp bought 3,290 shares as the company’s stock declined 0.95% while stock markets rallied.

In the previous part of this series, we discussed CenturyLink’s (CTL) outlook for the rest of fiscal 2017. The 50 day moving average went down $-2.81 or -13.15% and the 200 day average went down by -21.64%. ValuEngine cut shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Cowen and Company upped their target price on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded shares of CenturyLink from a “hold” rating to a “strong sell” rating in a research report on Friday, August 25th. (NYSE:CTL), 4 have Buy rating, 2 Sell and 12 Hold.

COPYRIGHT VIOLATION WARNING: This piece was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & global copyright laws. Daiwa Securities Group Inc. raised its stake in CenturyLink by 7.6% during the 1st quarter. The stock of Centurylink Inc (NYSE:CTL) has “Hold” rating given on Wednesday, January 25 by Jefferies.

More notable recent Centurylink Inc (NYSE:CTL) news were published by: Prnewswire.com which released: “CenturyLink Prism TV will carry Vegas Golden Knights hockey games” on September 08, 2017, also Seekingalpha.com with their article: “New Jersey OKs CenturyLink’s Level 3 buyout; California is last” published on August 23, 2017, Investorplace.com published: “Why Centurylink Inc (CTL), Home Depot Inc (HD) and Coach Inc (COH) Are 3 of …” on August 15, 2017.

The company is now down from yesterday’s close of 19.

CenturyLink, Inc. now has a P/E ratio of 27.04 and market capitalization is 10.26B. The stock of Centurylink Inc (NYSE:CTL) has “Underperform” rating given on Monday, May 15 by Raymond James.

CenturyLink (NYSE:CTL) last posted its quarterly earnings data on Wednesday, August 2nd. Dubuque State Bank Trust Company stated it has 38 shares or 0% of all its holdings. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business earned $0.63 earnings per share. The company’s sales was down 7.0% on a YOY basis. Next quarter’s EPS is forecasted at $0.50 and the next full year EPS is projected to be $1.86.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. The stock increased 0.90% or $0.05 on September 7, reaching $5.6. UBS maintained the stock with “Buy” rating in Thursday, August 6 report. The dividend was $0.540 per share for the quarter or $2.16 annualized. This dividend amount was represent a yeild of $11.37.

Verizon Communications Inc. (NYSE:VZ) operates in the Telecom Services – Domestic segment of the Technology sector. The Company is engaged in providing an array of communications services to its residential and business customers.

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