Centurylink Inc (CTL) : Mpam Credit Trading Partners added new position in Centurylink Inc during the most recent quarter end. The investment management firm now holds 40,000 shares of Centurylink Inc which is valued at $1,198,400 , the company said in a statement filed on Aug 15, 2016 with the SEC.Centurylink Inc makes up approximately 2.74% of Mpam Credit Trading Partners’s portfolio.
Other Hedge Funds, Including , Everpoint Asset Management reduced its stake in CTL by selling 550,000 shares or 61.11% in the most recent quarter. The Hedge Fund company now holds 350,000 shares of CTL which is valued at $10,486,000. Centurylink Inc makes up approx 0.28% of Everpoint Asset Management’s portfolio.Counsel Portfolio Services boosted its stake in CTL in the latest quarter, The investment management firm added 13,765 additional shares and now holds a total of 45,838 shares of Centurylink Inc which is valued at $1,373,306. Centurylink Inc makes up approx 0.13% of Counsel Portfolio Services’s portfolio.South Dakota Investment Council boosted its stake in CTL in the latest quarter, The investment management firm added 5,100 additional shares and now holds a total of 32,200 shares of Centurylink Inc which is valued at $964,712. Centurylink Inc makes up approx 0.02% of South Dakota Investment Council’s portfolio.Texas Permanent School Fund reduced its stake in CTL by selling 10,678 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 177,162 shares of CTL which is valued at $5,307,774. Centurylink Inc makes up approx 0.07% of Texas Permanent School Fund’s portfolio.
Centurylink Inc closed down -0.06 points or -0.22% at $27.74 with 44,70,163 shares getting traded on Thursday. Post opening the session at $27.88, the shares hit an intraday low of $27.54 and an intraday high of $27.96 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Centurylink Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.59. The company had revenue of $4398.00 million for the quarter, compared to analysts expectations of $4390.47 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on Centurylink Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 31 from a previous price target of $29 .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. 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.