Centurylink Inc (NYSE:CTL) EVP Scott Trezise sold 53,164 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $18.88, for a total value of $1,003,736.32. Following the completion of the transaction, the executive vice president now directly owns 187,867 shares in the company, valued at $3,546,928.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Centurylink stock opened at $17.47 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $19.29 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of -10.37 and a beta of 0.79. Centurylink Inc has a 1-year low of $14.09 and a 1-year high of $24.20.
Centurylink (NYSE:CTL) last announced its earnings results on Thursday, November 8th. The technology company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.88 billion. Centurylink had a return on equity of 4.45% and a net margin of 7.81%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. On average, analysts predict that Centurylink Inc will post 1.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 26th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $2.16 annualized dividend and a dividend yield of 12.36%. Centurylink’s dividend payout ratio is presently 146.94%.
Several research analysts have commented on CTL shares. Oppenheimer cut their price objective on Centurylink from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, November 9th. Zacks Investment Research raised Centurylink from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, October 1st. Royal Bank of Canada raised their price objective on Centurylink to $27.00 and gave the company an “outperform” rating in a research report on Thursday, August 16th. Hanson lowered Centurylink from a “neutral” rating to a “sell” rating and set a $19.00 price objective on the stock. in a research report on Wednesday, August 22nd. Finally, Moffett Nathanson reissued a “sell” rating and issued a $23.00 price objective on shares of Centurylink in a research report on Wednesday, August 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $20.85.
Several institutional investors have recently made changes to their positions in CTL. Piedmont Investment Advisors LLC acquired a new stake in shares of Centurylink during the second quarter valued at about $214,000. Alps Advisors Inc. grew its stake in Centurylink by 19.7% in the second quarter. Alps Advisors Inc. now owns 3,293,552 shares of the technology company’s stock worth $54,936,000 after purchasing an additional 543,053 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Centurylink by 11.5% in the second quarter. Commonwealth Equity Services LLC now owns 161,195 shares of the technology company’s stock worth $3,005,000 after purchasing an additional 16,687 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Centurylink by 6.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,956,714 shares of the technology company’s stock worth $55,113,000 after purchasing an additional 167,231 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Centurylink by 16,940.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,453 shares of the technology company’s stock worth $102,000 after purchasing an additional 5,421 shares in the last quarter. Institutional investors own 75.22% of the company’s stock.
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Centurylink Company Profile
CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers primarily in the United States. It operates in two segments, Business and Consumer. The company offers virtual private network data network services; Ethernet services; Internet protocol services; CenturyLink Prism TV that allows customers to watch television or cable channels and record up to four shows on one home digital video recorder; and Vyvx, which provides audio and video feeds over fiber or satellite for broadcast and production customers, as well as satellite digital television services.
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