Tradelink Capital adds Centurylink Inc (CTL) to its portfolio

Centurylink Inc (CTL) : Tradelink Capital added new position in Centurylink Inc during the most recent quarter end. The investment management firm now holds 7,412 shares of Centurylink Inc which is valued at $226,140 , the company said in a statement filed on Aug 1, 2016 with the SEC.Centurylink Inc makes up approximately 1.05% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in CTL in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 782 shares of Centurylink Inc which is valued at $23,859. Centurylink Inc makes up approx 0.01% of Hudock Capital Group’s portfolio.Ls Investment Advisors boosted its stake in CTL in the latest quarter, The investment management firm added 2,831 additional shares and now holds a total of 34,028 shares of Centurylink Inc which is valued at $1,051,465. Centurylink Inc makes up approx 0.07% of Ls Investment Advisors’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in CTL in the latest quarter, The investment management firm added 157,737 additional shares and now holds a total of 1,297,105 shares of Centurylink Inc which is valued at $40,054,602. Centurylink Inc makes up approx 0.37% of Nn Investment Partners Holdings N.v.’s portfolio.British Columbia Investment Management Corp reduced its stake in CTL by selling 42,477 shares or 13.91% in the most recent quarter. The Hedge Fund company now holds 262,975 shares of CTL which is valued at $7,947,105. Centurylink Inc makes up approx 0.07% of British Columbia Investment Management Corp’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in CTL in the latest quarter, The investment management firm added 148,054 additional shares and now holds a total of 781,566 shares of Centurylink Inc which is valued at $23,618,925. Centurylink Inc makes up approx 0.10% of Bnp Paribas Arbitrage Sa’s portfolio.

Centurylink Inc closed down -0.26 points or -0.85% at $30.25 with 80,08,621 shares getting traded on Thursday. Post opening the session at $29.7, the shares hit an intraday low of $29.15 and an intraday high of $30.57 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. 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.

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