Centurylink Inc Could Rise a Lot According to The Today’s Call Option Activity

 Centurylink Inc Could Rise a Lot According to The Today's Call Option Activity

In today’s session Centurylink Inc (CTL) registered an unusually high (2,170) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CTL increase. With 2,170 contracts traded and 17324 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CTL161118C00030000 closed last at: $2.05 or 720% up. About 46.90 million shares traded hands or 773.37% up from the average. Centurylink Inc (NYSE:CTL) has declined 3.80% since March 29, 2016 and is downtrending. It has underperformed by 7.27% the S&P500.

Analysts await Centurylink Inc (NYSE:CTL) to report earnings on November, 2. They expect $0.56 EPS, down 20.00% or $0.14 from last year’s $0.7 per share. CTL’s profit will be $299.81M for 11.92 P/E if the $0.56 EPS becomes a reality. After $0.63 actual EPS 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 12 analysts covering Centurylink Inc. (NYSE:CTL), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. $36 is the highest target while $22 is the lowest. The $28 average target is 4.79% above today’s ($26.72) stock price. Centurylink Inc. has been the topic of 21 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Jefferies given on Friday, July 31. The rating was maintained by UBS with “Buy” on Thursday, August 6. Barclays Capital initiated it with “Underweight” rating and $25 target price in Tuesday, September 15 report. The rating was downgraded by Morgan Stanley on Monday, July 18 to “Underweight”. The rating was initiated by Evercore with “Hold” on Wednesday, June 22. The company was initiated on Tuesday, September 22 by RBC Capital Markets. The stock of Centurylink Inc (NYSE:CTL) has “Market Perform” rating given on Tuesday, October 13 by Cowen & Co. On Thursday, March 17 the stock rating was downgraded by Jefferies to “Underperform”. The stock of Centurylink Inc (NYSE:CTL) earned “Neutral” rating by Citigroup on Friday, August 7. On Friday, October 28 the stock rating was downgraded by Raymond James to “Mkt Perform”.

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 2016 Q2. Its down 0.04, from 1.18 in 2016Q1. The ratio worsened, 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.
Massachusetts Services Co Ma last reported 0% of its portfolio in the stock. Rech Glob last reported 35.11 million shares in the company. The Missouri-based Commerce Financial Bank has invested 0.01% in Centurylink Inc (NYSE:CTL). Keybank Association Oh holds 0% or 14,458 shares in its portfolio. Moreover, Taylor Frigon Mgmt Limited Liability Corporation has 0.77% invested in Centurylink Inc (NYSE:CTL) for 25,339 shares. North Star Investment Mngmt accumulated 1,048 shares or 0.01% of the stock. Sigma Planning has invested 0.04% of its portfolio in Centurylink Inc (NYSE:CTL). First Midwest Savings Bank Division accumulated 18,115 shares or 0.06% of the stock. Community Bancorp Na holds 0.01% or 829 shares in its portfolio. Ls Invest Advsr Limited Liability Company accumulated 34,028 shares or 0.07% of the stock. City Holdg reported 44,855 shares or 0.58% of all its holdings. The New York-based Tower Research Capital Lc (Trc) has invested 0% in Centurylink Inc (NYSE:CTL). Fmr owns 2.56 million shares or 0.01% of their US portfolio. Cleararc Capital Inc, a Ohio-based fund reported 13,254 shares. Moreover, Mitsubishi Ufj And Bk Corporation has 0.09% invested in Centurylink Inc (NYSE:CTL) for 1.44 million shares.

CenturyLink, Inc. is an integrated communications company. The company has a market cap of $14.30 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 notable recent Centurylink Inc (NYSE:CTL) news were published by: Bloomberg.com which released: “CenturyLink to Buy Level 3 for $34 Billion in Cash, Stock” on October 31, 2016, also Fool.com with their article: “Why CenturyLink Inc Stock Just Soared 18%, and Level 3 Communications Is Up 13%” published on October 27, 2016, Nasdaq.com published: “CenturyLink, Inc. Announces 22% Decline In Q3 Profit” on October 31, 2016. More interesting news about Centurylink Inc (NYSE:CTL) were released by: Prnewswire.com and their article: “CenturyLink announces gigabit service now available to 14000 MTUs in its footprint” published on October 10, 2016 as well as Benzinga.com‘s news article titled: “A Peek Into The Markets: U.S. Stock Futures Edge Higher; CenturyLink To Buy …” with publication date: October 31, 2016.

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