Traders Buy CenturyLink, Inc. (CTL) on Weakness

Traders purchased shares of CenturyLink, Inc. (NYSE:CTL) on weakness during trading on Friday. $50.50 million flowed into the stock on the tick-up and $35.23 million flowed out of the stock on the tick-down, for a money net flow of $15.27 million into the stock. Of all companies tracked, CenturyLink had the 30th highest net in-flow for the day. CenturyLink traded down ($0.10) for the day and closed at $20.25

A number of research analysts recently issued reports on the company. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a report on Friday. Deutsche Bank AG lowered their target price on CenturyLink from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, October 10th. Barclays PLC lowered their target price on CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $22.00 target price on shares of CenturyLink in a report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of CenturyLink in a report on Monday, September 18th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CenturyLink currently has an average rating of “Hold” and a consensus target price of $25.15.

The firm has a 50-day moving average price of $19.43 and a 200 day moving average price of $22.88. The company has a market cap of $11.13 billion, a PE ratio of 29.35 and a beta of 0.89.

CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The company 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 company posted $0.63 EPS. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts expect that CenturyLink, Inc. will post $1.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 10.67%. The ex-dividend date of this dividend was Thursday, August 31st. CenturyLink’s payout ratio is 313.04%.

Large investors have recently added to or reduced their stakes in the business. Tredje AP fonden increased its holdings in shares of CenturyLink by 47.1% in the second quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock worth $2,370,000 after acquiring an additional 31,767 shares in the last quarter. Swiss National Bank increased its holdings in shares of CenturyLink by 0.5% in the second quarter. Swiss National Bank now owns 1,902,241 shares of the technology company’s stock worth $45,426,000 after acquiring an additional 9,400 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of CenturyLink by 20.3% in the second quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock worth $5,242,000 after acquiring an additional 36,937 shares in the last quarter. Front Street Capital Management Inc. increased its holdings in shares of CenturyLink by 94.2% in the second quarter. Front Street Capital Management Inc. now owns 95,448 shares of the technology company’s stock worth $2,279,000 after acquiring an additional 46,305 shares in the last quarter. Finally, Fiduciary Management Inc. WI bought a new stake in shares of CenturyLink in the second quarter worth about $86,411,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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CenturyLink Company Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.

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