Ameriprise Financial Inc expanded its investment by buying 529,711 shares an increase of 3,191.0% from 03/31/2017 to 06/30/2017. (NYSE:CTL) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Parkwood LLC now owns 53,087 shares of the technology company's stock valued at $1,251,000 after buying an additional 10,949 shares during the period. Cleararc Capital Inc. raised its stake in CenturyLink by 0.7% in the first quarter. Cleararc Capital Inc. now owns 13,386 shares of the technology company's stock worth $316,000 after buying an additional 93 shares during the last quarter. Ledyard National Bank raised its position in CenturyLink by 7,467.0% in the first quarter. Washington Trust Bank now owns 16,776 shares of the technology company's stock worth $395,000 after buying an additional 9,586 shares in the last quarter. Loudon Investment Management LLC purchased a new position in CenturyLink during the first quarter valued at approximately $208,000. Vanguard Group Inc. now owns 46,767,917 shares of the technology company's stock valued at $1,102,321,000 after buying an additional 7,600,609 shares during the period. Bollard Group LLC raised its stake in CenturyLink by 0.8% in the first quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of CenturyLink during the first quarter worth about $200,000. While the company's share hit the 52 week high on 10/27/16 stationing the value of $33.45.
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ILLEGAL ACTIVITY WARNING: "CenturyLink, Inc". Atlantic Tru Gru Ltd Llc stated it has 0% in Centurylink Inc (NYSE:CTL).
Company chares are trading at $21.66 significantly below $23.18, the 50 day moving average and which is well below the 200 day moving average of $24.32.
J&W Announces Filing of Class Action Complaint Against CenturyLink, Inc.; Encourages all Investors to Contact the Firm for Information.
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The most current P/E ratio is 31.39 and market capitalization is 11.90B. During such technical setups, fundamental investors usually stay away and are careful buying the stock. This represents an increase of 363% compared to the average volume of 4,432 call options. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. The business had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $4.09 billion. CenturyLink had a return on equity of 8.96% and a net margin of 3.20%. During the same quarter previous year, the firm earned $0.63 earnings per share. Analysts expect next quarter's EPS to be $0.50 with next year's EPS projected to be $1.91.
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CTL has been the subject of several research reports. On May 15 the stock rating was downgraded from "Outperform" to "Underperform" in a report issued by Raymond James. Finally, ValuEngine downgraded shares of CenturyLink from a buy rating to a hold rating in a research note on Friday, June 2nd. Jefferies Group LLC cut their price target on shares of CenturyLink from $26.00 to $23.00 and set a "hold" rating for the company in a report on Thursday, May 4th. UBS AG set a $29.00 target price on shares of CenturyLink and gave the stock a "buy" rating in a report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. They now have a $25.00 price target on the stock.
State Treasurer State of MI boosted its position in CenturyLink, Inc. The Company is involved in providing an array of communications services to its residential and business customers.