Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Centurylink Inc (NYSE:CTL) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 515,659 shares of the technology company’s stock after buying an additional 104,932 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Centurylink were worth $8,601,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Standard Life Aberdeen plc raised its position in Centurylink by 1,216.8% in the 4th quarter. Standard Life Aberdeen plc now owns 6,682,023 shares of the technology company’s stock worth $111,491,000 after purchasing an additional 6,174,561 shares during the period. Geode Capital Management LLC raised its position in Centurylink by 82.4% in the 4th quarter. Geode Capital Management LLC now owns 10,371,954 shares of the technology company’s stock worth $172,650,000 after purchasing an additional 4,685,323 shares during the period. ACR Alpine Capital Research LLC purchased a new position in Centurylink in the 4th quarter worth $70,510,000. Beck Mack & Oliver LLC raised its position in Centurylink by 352.4% in the 4th quarter. Beck Mack & Oliver LLC now owns 4,265,697 shares of the technology company’s stock worth $71,152,000 after purchasing an additional 3,322,807 shares during the period. Finally, West Family Investments Inc. purchased a new position in Centurylink in the 4th quarter worth $42,435,000. Hedge funds and other institutional investors own 85.59% of the company’s stock.
CTL has been the topic of a number of analyst reports. ValuEngine upgraded shares of Centurylink from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Oppenheimer decreased their target price on shares of Centurylink from $28.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Goldman Sachs Group upgraded shares of Centurylink from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a research report on Monday, January 8th. Barclays upgraded shares of Centurylink from an “underweight” rating to an “equal weight” rating and set a $16.00 target price on the stock in a research report on Friday, December 15th. Finally, Bank of America set a $27.00 target price on shares of Centurylink and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Centurylink currently has an average rating of “Hold” and a consensus target price of $22.01.
Shares of Centurylink Inc (CTL) opened at $17.94 on Friday. The stock has a market cap of $19,180.00, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of -10.38 and a beta of 0.79. Centurylink Inc has a twelve month low of $13.16 and a twelve month high of $27.61. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.86 and a quick ratio of 0.86.
Centurylink (NYSE:CTL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.69 billion. Centurylink had a return on equity of 5.88% and a net margin of 7.87%. During the same period last year, the business earned $0.54 EPS. equities analysts expect that Centurylink Inc will post 0.86 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date is Friday, March 2nd. Centurylink’s dividend payout ratio (DPR) is presently 415.38%.
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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 Enterprise, 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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