CenturyLink, Inc. (NYSE:CTL) is expected to pay $0.54 on Dec 12, 2016. The indicated annual dividend is $2.16. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on CenturyLink, Inc.’s current price of $25.54, the dividend is 2.11%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 16, 2016. The stock increased 3.03% or $0.75 during the last trading session, hitting $25.54. Centurylink Inc (NYSE:CTL) has declined 22.13% since April 20, 2016 and is downtrending. It has underperformed by 26.69% the S&P500.
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 $14.27 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 14.99 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.
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.06, from 1.14 in 2016Q1. The ratio improved, 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.
Trust Investment holds 1.2% of its portfolio in Centurylink Inc (NYSE:CTL) for 35,245 shares. Royal London Asset Management has invested 0.09% of its portfolio in Centurylink Inc (NYSE:CTL). Dai Ichi Life Insurance Ltd reported 52,550 shares or 0.05% of all its holdings. Cipher Ltd Partnership, a New York-based fund reported 44,930 shares. Wells Fargo Company Mn has 2.25 million shares for 0.03% of their US portfolio. Oakbrook Invs Lc has 0.01% invested in the company for 9,100 shares. Dixon Hubard Feinour Brown Inc Va last reported 28,274 shares in the company. First City Mgmt, a Georgia-based fund reported 7,423 shares. State Of Alaska Department Of Revenue has 22,375 shares for 0.07% of their US portfolio. Gabelli Funds Ltd holds 0.08% of its portfolio in Centurylink Inc (NYSE:CTL) for 442,500 shares. Adage Capital Group Ltd Limited Liability Company last reported 821,222 shares in the company. Bb&T, a North Carolina-based fund reported 14,018 shares. Envestnet Asset Mngmt Inc accumulated 0.01% or 65,642 shares. Mitsubishi Ufj Trust Bk Corporation accumulated 1.44M shares or 0.09% of the stock. Columbia Prtn L L C Inv Management has 30,385 shares for 0.07% of their US portfolio.
Insider Transactions: Since October 27, 2016, the stock had 3 buys, and 2 sales for $227,620 net activity. On Thursday, October 27 the insider COLE DAVID D sold $990,000. Bejar Martha Helena bought $193,166 worth of stock. PERRY HARVEY P also sold $325,000 worth of Centurylink Inc (NYSE:CTL) shares. OWENS WILLIAM ARTHUR had bought 42,800 shares worth $999,534 on Monday, November 7. Another trade for 14,580 shares valued at $349,920 was bought by Hussain Aamir.
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 9.63% above today’s ($25.54) stock price. Centurylink Inc. has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, August 6 by UBS. The rating was initiated by Evercore with “Hold” on Wednesday, June 22. The firm earned “Market Perform” rating on Tuesday, May 3 by Wells Fargo. The rating was maintained by Citigroup with “Neutral” on Friday, August 7. The stock of Centurylink Inc (NYSE:CTL) earned “Mkt Perform” rating by Raymond James on Friday, October 28. The firm has “Underweight” rating given on Tuesday, September 15 by Barclays Capital. The stock has “Hold” rating given by Jefferies on Friday, July 31. The stock of Centurylink Inc (NYSE:CTL) has “Outperform” rating given on Tuesday, November 8 by Oppenheimer. The stock has “Neutral” rating given by Macquarie Research on Monday, July 11. Citigroup maintained Centurylink Inc (NYSE:CTL) rating on Monday, March 14. Citigroup has “Neutral” rating and $32 price target.
More 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 Fool.com published the news titled: “Why CenturyLink Inc Stock Just Soared 18%, and Level 3 Communications Is Up 13%” on October 27, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Assurant, NVIDIA and CenturyLink” with publication date: November 21, 2016 was also an interesting one.
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.
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