In today’s session Centurylink Inc (CTL) registered an unusually high (217) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CTL increase. With 217 contracts traded and 32404 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CTL161021C00028000 closed last at: $0.2 or 0% . About 941,899 shares traded hands. Centurylink Inc (NYSE:CTL) has declined 12.61% since March 15, 2016 and is downtrending. It has underperformed by 18.10% 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 $306.13M for 12.44 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. Morgan Stanley downgraded the shares of CTL in a report on Monday, July 18 to “Underweight” rating. The firm has “Hold” rating given on Friday, July 31 by Jefferies. The company was initiated on Tuesday, September 22 by RBC Capital Markets. Cowen & Co initiated the shares of CTL in a report on Tuesday, October 13 with “Market Perform” rating. The firm has “Buy” rating by UBS given on Thursday, August 6. The firm earned “Hold” rating on Wednesday, June 22 by Evercore. Citigroup maintained it with “Neutral” rating and $32 target price in Monday, March 14 report. On Tuesday, September 15 the stock rating was initiated by Barclays Capital with “Underweight”. The rating was maintained by Citigroup on Friday, August 7 with “Neutral”. The company was downgraded on Thursday, March 17 by Jefferies.
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 fall, 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.
Moreover, Capital Advisors Limited has 0.03% invested in Centurylink Inc (NYSE:CTL) for 10,133 shares. Fiera Corporation reported 88,600 shares or 0.01% of all its holdings. The New York-based Davidson Kempner Cap Mgmt Limited Partnership has invested 0.17% in Centurylink Inc (NYSE:CTL). Segall Bryant & Hamill has invested 0.06% of its portfolio in Centurylink Inc (NYSE:CTL). Girard Prtnrs has 0.11% invested in the company for 9,954 shares. Prudential Public last reported 124,400 shares in the company. Department Mb Comml Bank N A last reported 30 shares in the company. Reliance Of Delaware accumulated 17,215 shares or 0.04% of the stock. Gargoyle Inv Advisor Lc owns 109,182 shares or 1.18% of their US portfolio. Pinebridge Invs Lp reported 350,334 shares or 0.52% of all its holdings. Kistler accumulated 0.03% or 1,789 shares. The Massachusetts-based Hall Laurie J Trustee has invested 0.01% in Centurylink Inc (NYSE:CTL). First Republic Inv Mgmt holds 0.01% or 35,494 shares in its portfolio. Springbok Management Ltd Limited Liability Company accumulated 3,697 shares or 0.01% of the stock. Westpac holds 0% of its portfolio in Centurylink Inc (NYSE:CTL) for 144,743 shares.
CenturyLink, Inc. is an integrated communications company. The company has a market cap of $15.23 billion. The Firm is engaged in providing an array of communications services to residential and business customers. It has a 15.55 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 notable recent Centurylink Inc (NYSE:CTL) news were published by: Prnewswire.com which released: “CenturyLink announces gigabit service now available to 14000 MTUs in its footprint” on October 10, 2016, also Prnewswire.com with their article: “CenturyLink named a ‘Leader’ for data centre operations and management in IDC …” published on October 04, 2016, Reuters.com published: “Exclusive: BC Partners in lead to acquire CenturyLink’s data centers – sou…” on October 11, 2016. More interesting news about Centurylink Inc (NYSE:CTL) were released by: Forbes.com and their article: “CenturyLink Becomes #5 Most Shorted S&P 500 Component, Replacing Helmerich & Payne” published on October 13, 2016 as well as Forbes.com‘s news article titled: “CenturyLink (CTL) Shares Cross 8% Yield Mark” with publication date: September 20, 2016.
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