Spirit Of America Management Corpny Exits Position in Centurylink Inc (CTL)

Centurylink Inc (CTL) : Spirit Of America Management Corpny has sold out all of its stake in Centurylink Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 1,800 shares of Centurylink Inc which is valued at $49,212.

Other Hedge Funds, Including , National Pension Service boosted its stake in CTL in the latest quarter, The investment management firm added 35,578 additional shares and now holds a total of 413,203 shares of Centurylink Inc which is valued at $11,296,970. Centurylink Inc makes up approx 0.09% of National Pension Service’s portfolio. At Bancorp added CTL to its portfolio by purchasing 70,219 company shares during the most recent quarter which is valued at $1,923,298. Centurylink Inc makes up approx 0.27% of At Bancorp’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in CTL by selling 50 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 24,812 shares of CTL which is valued at $670,668. Centurylink Inc makes up approx 0.38% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.Washington Trust Bank boosted its stake in CTL in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 4,672 shares of Centurylink Inc which is valued at $126,284. Centurylink Inc makes up approx 0.03% of Washington Trust Bank’s portfolio.

Centurylink Inc closed down -0.05 points or -0.18% at $27.34 with 20,03,263 shares getting traded on Friday. Post opening the session at $27.49, the shares hit an intraday low of $27.31 and an intraday high of $27.64 and the price fluctuated in this range throughout the day.Shares ended Friday 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 .

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.

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