CenturyLink Inc. (CTL) EVP Aamir Hussain Buys 14,580 Shares of Stock
CenturyLink Inc. (NYSE:CTL) EVP Aamir Hussain acquired 14,580 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was bought at an average cost of $24.00 per share, for a total transaction of $349,920.00. Following the purchase, the executive vice president now directly owns 179,075 shares of the company’s stock, valued at $4,297,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
CenturyLink Inc. (NYSE:CTL) opened at 24.31 on Tuesday. CenturyLink Inc. has a 12 month low of $21.94 and a 12 month high of $33.45. The company’s 50-day moving average price is $26.83 and its 200 day moving average price is $28.29. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 14.33 and a beta of 0.84.
CenturyLink (NYSE:CTL) last posted its earnings results on Wednesday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The company earned $4.38 billion during the quarter. CenturyLink had a return on equity of 10.48% and a net margin of 5.22%. CenturyLink’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. Analysts predict that CenturyLink Inc. will post $2.48 EPS for the current year.
A number of large investors have recently bought and sold shares of CTL. Wellington Management Group LLP raised its position in CenturyLink by 687.6% in the first quarter. Wellington Management Group LLP now owns 375,065 shares of the company’s stock valued at $11,986,000 after buying an additional 327,445 shares in the last quarter. AMP Capital Investors Ltd raised its position in CenturyLink by 43.0% in the first quarter. AMP Capital Investors Ltd now owns 365,364 shares of the company’s stock valued at $11,643,000 after buying an additional 109,844 shares in the last quarter. National Pension Service raised its position in CenturyLink by 4.7% in the first quarter. National Pension Service now owns 359,199 shares of the company’s stock valued at $11,480,000 after buying an additional 15,962 shares in the last quarter. Bayesian Capital Management LP purchased a new position in CenturyLink during the first quarter valued at approximately $288,000. Finally, Legal & General Group Plc raised its position in CenturyLink by 2.4% in the first quarter. Legal & General Group Plc now owns 3,221,967 shares of the company’s stock valued at $102,996,000 after buying an additional 73,986 shares in the last quarter. 73.62% of the stock is owned by institutional investors.
Several research analysts have recently commented on CTL shares. Morgan Stanley downgraded CenturyLink from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $31.00 to $27.00 in a research note on Monday, July 18th. Zacks Investment Research downgraded CenturyLink from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Vetr raised CenturyLink from a “sell” rating to a “hold” rating and set a $29.00 target price on the stock in a research note on Monday, August 8th. Royal Bank Of Canada lifted their price objective on CenturyLink from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of CenturyLink in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. CenturyLink presently has an average rating of “Hold” and a consensus price target of $28.26.
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to residential and business customers. The Company’s segments include Business and Consumer. Its 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.
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