Taylor Frigon Capital Management LLC trimmed its position in shares of Centurylink Inc (NYSE:CTL) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,031 shares of the technology company’s stock after selling 6,304 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Centurylink were worth $1,715,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CTL. Ballew Advisors Inc bought a new stake in Centurylink during the 1st quarter valued at approximately $101,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Centurylink by 16,940.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,453 shares of the technology company’s stock valued at $102,000 after acquiring an additional 5,421 shares in the last quarter. AdvisorNet Financial Inc boosted its position in Centurylink by 118.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 6,422 shares of the technology company’s stock valued at $120,000 after acquiring an additional 3,482 shares in the last quarter. Archford Capital Strategies LLC bought a new stake in Centurylink during the 1st quarter valued at approximately $130,000. Finally, Bedel Financial Consulting Inc. bought a new stake in Centurylink during the 1st quarter valued at approximately $136,000. 78.49% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on CTL. TheStreet raised Centurylink from a “c+” rating to a “b” rating in a research report on Friday, July 6th. Bank of America reaffirmed a “buy” rating and set a $27.00 price objective on shares of Centurylink in a research report on Wednesday, May 16th. Macquarie cut Centurylink from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $27.61 to $18.00 in a research report on Wednesday, May 16th. Jefferies Financial Group raised Centurylink from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Finally, Zacks Investment Research cut Centurylink from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.00.
Shares of CTL traded up $0.06 during mid-day trading on Thursday, reaching $18.57. The company had a trading volume of 44,862 shares, compared to its average volume of 6,386,476. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.58. Centurylink Inc has a 52 week low of $13.16 and a 52 week high of $23.78. The stock has a market cap of $20.25 billion, a P/E ratio of 12.63, a P/E/G ratio of -13.48 and a beta of 0.80.
Centurylink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, May 9th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Centurylink had a return on equity of 4.94% and a net margin of 6.92%. The firm had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.97 billion. During the same period in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 41.2% compared to the same quarter last year. equities analysts anticipate that Centurylink Inc will post 0.93 EPS for the current year.
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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