Calamos Advisors LLC lifted its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,205 shares of the technology company’s stock after acquiring an additional 2,760 shares during the quarter. Calamos Advisors LLC’s holdings in CenturyLink were worth $2,488,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Synovus Financial Corp boosted its stake in CenturyLink by 20.3% in the 2nd quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock worth $5,242,000 after purchasing an additional 36,937 shares during the period. Banque Pictet & Cie SA acquired a new stake in shares of CenturyLink during the 2nd quarter valued at $215,000. State of Tennessee Treasury Department boosted its stake in shares of CenturyLink by 37.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 205,286 shares of the technology company’s stock valued at $4,903,000 after buying an additional 56,138 shares during the period. Sawtooth Solutions LLC boosted its stake in shares of CenturyLink by 9.3% during the 2nd quarter. Sawtooth Solutions LLC now owns 51,006 shares of the technology company’s stock valued at $1,218,000 after buying an additional 4,346 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of CenturyLink by 13.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 482,866 shares of the technology company’s stock valued at $11,532,000 after buying an additional 57,202 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.
A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Barclays PLC decreased their price target on shares of CenturyLink from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Thursday, June 29th. UBS AG set a $29.00 target price on shares of CenturyLink and gave the company a “buy” rating in a research report on Thursday, June 22nd. Finally, Cowen and Company lifted their target price on shares of CenturyLink from $25.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 5th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.15.
CenturyLink, Inc. (CTL) opened at 18.54 on Friday. The stock has a 50 day moving average of $20.32 and a 200 day moving average of $23.33. CenturyLink, Inc. has a 12 month low of $18.17 and a 12 month high of $33.45. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 26.87 and a beta of 0.89.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. Equities analysts anticipate that CenturyLink, Inc. will post $1.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.65%. CenturyLink’s payout ratio is currently 313.04%.
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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