Centurylink Inc Has More Gas To Decrease After Today’s Bearish Options Activity

 Centurylink Inc Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session Centurylink Inc (CTL) recorded an unusually high (338) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious CTL decrease. With 338 contracts traded and 100554 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: CTL170120P00028000 closed last at: $2.4 or 11.6% up. About 1.32 million shares traded hands. Centurylink Inc (NYSE:CTL) has declined 13.83% since March 3, 2016 and is downtrending. It has underperformed by 22.18% the S&P500.

Analysts await Centurylink Inc (NYSE:CTL) to report earnings on November, 2. They expect $0.56 earnings per share, down 20.00% or $0.14 from last year’s $0.7 per share. CTL’s profit will be $305.26 million for 11.92 P/E if the $0.56 EPS becomes a reality. After $0.63 actual earnings per share reported by Centurylink Inc for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

Centurylink Inc (NYSE:CTL) Ratings Coverage

Out of 11 analysts covering Centurylink Inc. (NYSE:CTL), 1 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 9% are positive. Centurylink Inc. has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Thursday, March 17 the stock rating was downgraded by Jefferies to “Underperform”. The stock of Centurylink Inc (NYSE:CTL) earned “Underweight” rating by Morgan Stanley on Monday, July 18. The rating was upgraded by Jefferies to “Hold” on Friday, July 31. The company was downgraded on Tuesday, May 3 by Wells Fargo. The stock has “Market Perform” rating given by Cowen & Co on Tuesday, October 13. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, September 22. The stock of Centurylink Inc (NYSE:CTL) has “Neutral” rating given on Monday, July 11 by Macquarie Research. Citigroup maintained Centurylink Inc (NYSE:CTL) rating on Friday, August 7. Citigroup has “Neutral” rating and $32 price target. Barclays Capital initiated Centurylink Inc (NYSE:CTL) rating on Tuesday, September 15. Barclays Capital has “Underweight” rating and $25 price target. The stock of Centurylink Inc (NYSE:CTL) has “Buy” rating given on Thursday, August 6 by UBS.

According to Zacks Investment Research, “CenturyLink, Inc. is a telecommunications company that provides broadband, voice and wireless services to consumers and businesses in the United States. It also offers entertainment services under the CenturyLink, Prism TV and DIRECTV brands. In addition, the company provides data, voice and managed services to business, government and wholesale customers in local, national and select international markets through its fiber optic network and multiple data centers. CenturyLink, Inc., formerly known as CenturyTel, Inc., is headquartered in Monroe, Louisiana.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 0.04, from 1.18 in 2016Q1. The ratio is negative, as 56 funds sold all Centurylink Inc shares owned while 180 reduced positions. 37 funds bought stakes while 231 increased positions. They now own 384.28 million shares or 5.87% less from 408.25 million shares in 2016Q1.
Joel Isaacson & Lc accumulated 3,750 shares or 0.02% of the stock. Advisors Asset, a Colorado-based fund reported 1.05M shares. Aviva Plc has 324,632 shares for 0.06% of their US portfolio. Fiduciary Trust accumulated 106,070 shares or 0.11% of the stock. Jacobs Levy Equity Inc owns 65,150 shares or 0.04% of their US portfolio. Ray Gerald L & Associate owns 9,334 shares or 0.04% of their US portfolio. Old Mutual Global Invsts (Uk) Ltd last reported 2.36M shares in the company. Nj State Employees Deferred Compensation Plan holds 20,550 shares or 0.13% of its portfolio. State Treasurer State Of Michigan has 0.04% invested in the company for 189,651 shares. Macquarie Grp Ltd owns 16,276 shares or 0% of their US portfolio. New York Life Tru Company has 591 shares for 0.08% of their US portfolio. National Asset Mgmt Inc has 0.05% invested in the company for 8,021 shares. Princeton Alpha Mgmt Lp holds 0.22% of its portfolio in Centurylink Inc (NYSE:CTL) for 42,623 shares. Bokf Na accumulated 0.16% or 159,571 shares. Cwm Ltd Liability holds 0% or 206 shares in its portfolio.

CenturyLink, Inc. is an integrated communications company. The company has a market cap of $14.56 billion. The Firm is engaged in providing an array of communications services to residential and business customers. It has a 14.91 P/E ratio. The Company’s divisions include Business and Consumer.

CTL Company Profile

CenturyLink, Inc., incorporated on May 7, 1968, is an integrated communications company. The Firm is engaged in providing an array of communications services to residential and business customers. The Company’s divisions include Business and Consumer. The Company’s communications services include local and long-distance voice, high-speed Internet, Multi-Protocol Label Switching (MPLS), private line (including special access), data integration, Ethernet, colocation, managed hosting (including cloud hosting), network, public access, video, wireless and other ancillary services. The Firm operates approximately 11.7 million access lines, served approximately six million high-speed Internet subscribers and over 280 thousand Prism television subscribers. It also operates approximately 60 data centers throughout North America, Europe and Asia. The Firm categorizes its products, services and revenues into approximately four categories, including Strategic services, Legacy services, Data integration and Other operating revenues.

More important recent Centurylink Inc (NYSE:CTL) news were published by: Fool.com which released: “Can This Centurylink Inc Dividend Even Survive?” on September 10, 2016, also Prnewswire.com published article titled: “CenturyLink to offer $1.4 million in Teachers and Technology grants”, Forbes.com published: “CenturyLink (CTL) Shares Cross 8% Yield Mark” on September 20, 2016. More interesting news about Centurylink Inc (NYSE:CTL) was released by: Prnewswire.com and their article: “Frost & Sullivan Recognizes CenturyLink with Asia Pacific Hybrid IT Strategy …” with publication date: September 23, 2016.

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