Is Centurylink Inc’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Centurylink Inc's Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Centurylink Inc (CTL) registered an unusually high (860) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CTL increase. With 860 contracts traded and 10164 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CTL161216C00024000 closed last at: $1.6 or 0% . The stock decreased 1.21% or $0.3 on November 23, hitting $24.4. About 8.86 million shares traded hands. Centurylink Inc (NYSE:CTL) has declined 22.27% since April 22, 2016 and is downtrending. It has underperformed by 27.68% the S&P500.

Analysts await Centurylink Inc (NYSE:CTL) to report earnings on February, 8. They expect $0.56 EPS, down 30.00% or $0.24 from last year’s $0.8 per share. CTL’s profit will be $302.49M for 10.89 P/E if the $0.56 EPS becomes a reality. After $0.56 actual EPS reported by Centurylink Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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. 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) has “Outperform” rating given on Tuesday, November 8 by Oppenheimer. The rating was downgraded by Wells Fargo to “Market Perform” on Tuesday, May 3. The stock of Centurylink Inc (NYSE:CTL) has “Neutral” rating given on Monday, March 14 by Citigroup. The stock of Centurylink Inc (NYSE:CTL) earned “Mkt Perform” rating by Raymond James on Friday, October 28. The rating was downgraded by Jefferies on Thursday, March 17 to “Underperform”. As per Tuesday, September 15, the company rating was initiated by Barclays Capital. Jefferies upgraded the shares of CTL in a report on Friday, July 31 to “Hold” rating. The stock has “Buy” rating given by UBS on Thursday, August 6. Macquarie Research initiated Centurylink Inc (NYSE:CTL) on Monday, July 11 with “Neutral” rating. The stock of Centurylink Inc (NYSE:CTL) has “Sector Perform” rating given on Tuesday, September 22 by RBC Capital Markets.

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 increased to 1.2 in Q2 2016. Its up 0.06, from 1.14 in 2016Q1. The ratio is positive, 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.
Piedmont Inv Advsrs Lc holds 0% or 11 shares in its portfolio. Henderson Group Public Limited Com has 0.02% invested in the company for 70,624 shares. Marco Ltd reported 86,000 shares or 0.46% of all its holdings. Acadian Asset Mngmt Ltd Liability Com last reported 854,117 shares in the company. Thompson Davis & accumulated 0.03% or 634 shares. Stratos Wealth Partners Limited has 0.05% invested in the company for 21,460 shares. Nomura Asset Management Com Limited last reported 0.06% of its portfolio in the stock. Cleararc Capital Inc holds 0.07% or 13,254 shares in its portfolio. City Company has invested 0.58% of its portfolio in Centurylink Inc (NYSE:CTL). Moreover, First Bankshares Of Mount Dora Tru Inv has 0.41% invested in Centurylink Inc (NYSE:CTL) for 24,862 shares. Dekabank Deutsche Girozentrale holds 0.05% of its portfolio in Centurylink Inc (NYSE:CTL) for 161,664 shares. Citadel Advsr Lc has 441,204 shares for 0.01% of their US portfolio. The Colorado-based Alps Advsrs has invested 0.25% in Centurylink Inc (NYSE:CTL). Tarbox Inc accumulated 0.02% or 1,023 shares. New York State Teachers Retirement Systems last reported 0.09% of its portfolio in the stock.

Insider Transactions: Since October 27, 2016, the stock had 3 buys, and 2 sales for $227,620 net activity. 30,000 shares were sold by COLE DAVID D, worth $990,000. OWENS WILLIAM ARTHUR also bought $999,534 worth of Centurylink Inc (NYSE:CTL) on Monday, November 7. Another trade for 8,250 shares valued at $193,166 was made by Bejar Martha Helena on Monday, November 7. Hussain Aamir bought $349,920 worth of stock or 14,580 shares. PERRY HARVEY P had sold 10,000 shares worth $325,000.

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 $13.18 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 14.32 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 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 published the news titled: “Why CenturyLink Inc Stock Just Soared 18%, and Level 3 Communications Is Up 13%” on October 27, 2016. Nasdaq.com‘s news article titled: “CenturyLink, Inc. (CTL) Ex-Dividend Date Scheduled for November 23, 2016” with publication date: November 22, 2016 was also an interesting one.

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