APG Asset Management N.V. maintained its position in shares of CenturyLink, Inc. (NYSE:CTL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,845,892 shares of the technology company’s stock at the end of the second quarter. APG Asset Management N.V. owned approximately 0.88% of CenturyLink worth $115,720,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CTL. FNY Managed Accounts LLC bought a new position in shares of CenturyLink during the first quarter valued at approximately $120,000. Exane Derivatives raised its position in shares of CenturyLink by 29.7% in the first quarter. Exane Derivatives now owns 5,209 shares of the technology company’s stock valued at $123,000 after buying an additional 1,194 shares during the period. Ledyard National Bank raised its position in shares of CenturyLink by 7,467.0% in the first quarter. Ledyard National Bank now owns 7,340 shares of the technology company’s stock valued at $173,000 after buying an additional 7,243 shares during the period. State of Alaska Department of Revenue bought a new position in shares of CenturyLink during the first quarter valued at approximately $200,000. Finally, Loudon Investment Management LLC bought a new position in shares of CenturyLink during the first quarter valued at approximately $208,000. Institutional investors and hedge funds own 78.04% of the company’s stock.
Shares of CenturyLink, Inc. (NYSE CTL) traded down 0.09% during mid-day trading on Friday, reaching $21.66. 6,811,316 shares of the company traded hands. The stock has a market capitalization of $11.90 billion, a PE ratio of 31.39 and a beta of 0.87. The firm has a 50 day moving average of $23.18 and a 200-day moving average of $24.32. CenturyLink, Inc. has a 52 week low of $21.56 and a 52 week high of $33.45.
CenturyLink (NYSE:CTL) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.09 billion. CenturyLink had a return on equity of 8.43% and a net margin of 2.20%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that CenturyLink, Inc. will post $1.95 EPS for the current fiscal year.
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CTL has been the subject of several research reports. Bank of America Corporation restated a “buy” rating on shares of CenturyLink in a report on Tuesday, May 9th. Vetr upgraded shares of CenturyLink from a “hold” rating to a “buy” rating and set a $27.12 price objective for the company in a report on Monday, May 1st. Zacks Investment Research raised shares of CenturyLink from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, April 26th. UBS AG set a $29.00 target price on shares of CenturyLink and gave the stock a “buy” rating in a research report on Thursday, June 22nd. Finally, BidaskClub downgraded shares of CenturyLink from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.22.
CenturyLink Company 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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