Centurylink Inc (CTL) : Brookstone Capital Management scooped up 36,371 additional shares in Centurylink Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 129,958 shares of Centurylink Inc which is valued at $3,970,217.Centurylink Inc makes up approximately 0.51% of Brookstone Capital Management’s portfolio.
Other Hedge Funds, Including , Americafirst Capital Management boosted its stake in CTL in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 122,354 shares of Centurylink Inc which is valued at $3,737,915. Centurylink Inc makes up approx 2.58% of Americafirst Capital Management’s portfolio.Gradient Investments reduced its stake in CTL by selling 267 shares or 24.36% in the most recent quarter. The Hedge Fund company now holds 829 shares of CTL which is valued at $25,633. Hartford Financial Management sold out all of its stake in CTL during the most recent quarter. The investment firm sold 86 shares of CTL which is valued $2,694.
Centurylink Inc opened for trading at $30.6 and hit $30.6 on the upside on Wednesday, eventually ending the session at $30.55, with a gain of 0.20% or 0.06 points. The heightened volatility saw the trading volume jump to 40,01,603 shares. Company has a market cap of $16,682 M.
On the company’s financial health, Centurylink Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $4401.00 million for the quarter, compared to analysts expectations of $4425.72 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Centurylink Inc. Shares were Downgraded by Morgan Stanley on Jul 18, 2016 to ” Underweight” and Lowered the Price Target to $ 27 from a previous price target of $31 .Macquarie Initiated Centurylink Inc on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $31.Centurylink Inc was Initiated by Evercore ISI to “Hold” on Jun 22, 2016.
CenturyLink Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential business governmental and wholesale customers. The Company’s communications services include local and long-distance broadband private line Multi-Protocol Label Switching (MPLS) data integration managed hosting colocation Ethernet network access video wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic legacy and data integration products and services to enterprise wholesale and governmental customers including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.