Sns Financial Group buys $1,892,995 stake in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Sns Financial Group scooped up 19,726 additional shares in Centurylink Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 77,869 shares of Centurylink Inc which is valued at $1,892,995.Centurylink Inc makes up approximately 0.68% of Sns Financial Group’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in CTL by selling 13,000 shares or 93.53% in the most recent quarter. The Hedge Fund company now holds 900 shares of CTL which is valued at $21,762.Punch Associates Investment Management boosted its stake in CTL in the latest quarter, The investment management firm added 1,911 additional shares and now holds a total of 209,251 shares of Centurylink Inc which is valued at $5,059,689. Centurylink Inc makes up approx 0.58% of Punch Associates Investment Management’s portfolio.Quadrant Capital Group boosted its stake in CTL in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 2,540 shares of Centurylink Inc which is valued at $72,263. Centurylink Inc makes up approx 0.05% of Quadrant Capital Group’s portfolio.

Centurylink Inc opened for trading at $24.45 and hit $24.83 on the upside on Monday, eventually ending the session at $24.79, with a gain of 2.18% or 0.53 points. The heightened volatility saw the trading volume jump to 98,57,792 shares. Company has a market cap of $13,552 M.

On the company’s financial health, Centurylink Inc reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $0.55. The company had revenue of $4382.00 million for the quarter, compared to analysts expectations of $4376.93 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Investors should note that on Nov 15, 2016, Centurylink Inc announced a cash dividend of $0.5400. The company’s management has announced Nov 23, 2016 as the ex-dividend date and fixed the record date on Nov 28, 2016. The payable date has been fixed on Dec 12, 2016.

Many Wall Street Analysts have commented on Centurylink Inc. Centurylink Inc was Upgraded by Oppenheimer to ” Outperform” on Nov 8, 2016. Centurylink Inc was Downgraded by Raymond James to ” Mkt Perform” on Oct 28, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Centurylink Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Centurylink Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.