Tredje AP fonden increased its position in CenturyLink, Inc. (NYSE:CTL) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,164 shares of the technology company’s stock after acquiring an additional 6,920 shares during the period. Tredje AP fonden’s holdings in CenturyLink were worth $2,006,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CTL. Vanguard Group Inc. lifted its position in shares of CenturyLink by 22.6% in the second quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after purchasing an additional 10,583,246 shares in the last quarter. Capital World Investors acquired a new stake in shares of CenturyLink in the second quarter worth $142,086,000. Standard Life Investments LTD acquired a new stake in shares of CenturyLink in the second quarter worth $112,613,000. Fiduciary Management Inc. WI acquired a new stake in shares of CenturyLink in the second quarter worth $86,411,000. Finally, Samlyn Capital LLC acquired a new stake in shares of CenturyLink in the second quarter worth $80,290,000. 82.32% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered CenturyLink from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Bank of America dropped their price objective on CenturyLink from $42.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Oppenheimer decreased their price objective on CenturyLink from $28.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Jefferies Group reduced their target price on CenturyLink to $17.00 and set a “hold” rating on the stock in a report on Thursday, November 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. CenturyLink has a consensus rating of “Hold” and a consensus price target of $23.07.

Shares of CenturyLink, Inc. (CTL) opened at $13.84 on Thursday. CenturyLink, Inc. has a one year low of $13.16 and a one year high of $27.61. The company has a market capitalization of $15,382.95, a P/E ratio of 7.42, a P/E/G ratio of -4.50 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82.

CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, November 8th. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. analysts forecast that CenturyLink, Inc. will post 1.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, November 24th. This represents a $2.16 annualized dividend and a yield of 15.61%. CenturyLink’s dividend payout ratio is currently 372.42%.

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CenturyLink Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.

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Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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