In today’s session Centurylink Inc (CTL) recorded an unusually high (1,076) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious CTL decrease. With 1,076 contracts traded and 11064 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: CTL161118P00023000 closed last at: $0.3 or 50% up. About 1.29 million shares traded hands. Centurylink Inc (NYSE:CTL) has declined 25.63% since April 12, 2016 and is downtrending. It has underperformed by 30.61% the S&P500.
Centurylink Inc (NYSE:CTL) Ratings Coverage
Out of 13 analysts covering Centurylink Inc. (NYSE:CTL), 2 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 15% are positive. $36 is the highest target while $22 is the lowest. The $28 average target is 15.56% above today’s ($24.23) stock price. Centurylink Inc. has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Centurylink Inc (NYSE:CTL) earned “Underperform” rating by Jefferies on Thursday, March 17. As per Monday, July 11, the company rating was initiated by Macquarie Research. On Tuesday, October 13 the stock rating was initiated by Cowen & Co with “Market Perform”. The rating was initiated by Evercore with “Hold” on Wednesday, June 22. The stock of Centurylink Inc (NYSE:CTL) earned “Hold” rating by Jefferies on Friday, July 31. RBC Capital Markets initiated Centurylink Inc (NYSE:CTL) on Tuesday, September 22 with “Sector Perform” rating. The firm has “Underweight” rating given on Monday, July 18 by Morgan Stanley. Barclays Capital initiated Centurylink Inc (NYSE:CTL) on Tuesday, September 15 with “Underweight” rating. The stock has “Outperform” rating given by Oppenheimer on Tuesday, November 8. The stock of Centurylink Inc (NYSE:CTL) has “Neutral” rating given on Monday, March 14 by Citigroup.
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.
Flippin Bruce & Porter last reported 1.62% of its portfolio in the stock. First Quadrant L P Ca accumulated 917,700 shares or 0.59% of the stock. Lpl Financial Ltd Liability Corporation reported 73,055 shares or 0.02% of all its holdings. Commonwealth Of Pennsylvania School Empls Retrmt last reported 0.02% of its portfolio in the stock. Retirement Of Alabama holds 0.05% or 278,383 shares in its portfolio. Moreover, State Treasurer State Of Michigan has 0.04% invested in Centurylink Inc (NYSE:CTL) for 189,651 shares. Charter Company accumulated 0.06% or 17,853 shares. Hgk Asset Management has 464,681 shares for 2.01% of their US portfolio. First Niagara National Bank & Trust has invested 0.09% of its portfolio in Centurylink Inc (NYSE:CTL). Nwi Mgmt L P accumulated 0.66% or 275,000 shares. Pggm Invs last reported 1.46M shares in the company. Moreover, High Point State Bank has 0% invested in Centurylink Inc (NYSE:CTL) for 109 shares. Moreover, Credit Agricole S A has 0.03% invested in Centurylink Inc (NYSE:CTL) for 249,734 shares. Barclays Public Ltd Company reported 265,648 shares or 0.01% of all its holdings. Millennium Limited Liability Co accumulated 564,206 shares or 0.04% of the stock.
Insider Transactions: Since October 27, 2016, the stock had 2 buys, and 2 sales for $122,300 net activity. PERRY HARVEY P had sold 10,000 shares worth $325,000. Bejar Martha Helena bought 8,250 shares worth $193,166. COLE DAVID D sold $990,000 worth of stock or 30,000 shares. On Monday, November 7 OWENS WILLIAM ARTHUR bought $999,534 worth of the stock or 42,800 shares.
CenturyLink, Inc. is a United States integrated communications company, which is engaged in providing a range of communications services to its residential and business customers. The company has a market cap of $13.24 billion. The Firm operates through two divisions: Business, which includes provision of strategic, legacy and data integration services and products to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and Consumer, which includes provision of strategic and legacy services and products to residential customers. It has a 14.22 P/E ratio. The Business segment includes strategic services and products, such as Ethernet, colocation, hosting and broadband; legacy services, such as local and long-distance voice, and data integration offerings, which include sale of telecommunications equipment located on customers’ premises.
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: “Why Level 3 Communications Just Jumped, and CenturyLink Inc Stock Sank 11%” on October 31, 2016, also Prnewswire.com published article titled: “CenturyLink recognized as a leader in Gartner’s 2016 Magic Quadrant for Cloud …”, Fool.com published: “Why CenturyLink Inc Stock Just Soared 18%, and Level 3 Communications Is Up 13%” on October 27, 2016. More interesting news about Centurylink Inc (NYSE:CTL) was released by: Forbes.com and their article: “CenturyLink Reaches Analyst Target Price” with publication date: October 28, 2016.
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