Centurylink Inc (CTL) : True Private Wealth Advisors reduced its stake in Centurylink Inc by 2.5% during the most recent quarter end. The investment management company now holds a total of 16,664 shares of Centurylink Inc which is valued at $508,419 after selling 427 shares in Centurylink Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Centurylink Inc makes up approximately 0.17% of True Private Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Chicago Equity Partners reduced its stake in CTL by selling 5,300 shares or 11.58% in the most recent quarter. The Hedge Fund company now holds 40,460 shares of CTL which is valued at $1,272,062. Centurylink Inc makes up approx 0.04% of Chicago Equity Partners’s portfolio. Morgan Dempsey Capital Management added CTL to its portfolio by purchasing 31 company shares during the most recent quarter which is valued at $975.Partnerre Asset Management Corp reduced its stake in CTL by selling 100 shares or 2.65% in the most recent quarter. The Hedge Fund company now holds 3,673 shares of CTL which is valued at $113,569. Centurylink Inc makes up approx 0.06% of Partnerre Asset Management Corp’s portfolio.Benjamin F. Edwards Company reduced its stake in CTL by selling 200 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 9,260 shares of CTL which is valued at $285,949. Centurylink Inc makes up approx 0.05% of Benjamin F. Edwards Company’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.