Centurylink Inc (CTL) Short Interest Update

Centurylink Inc (NYSE:CTL) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 106,867,892 shares, a growth of 9.9% from the January 15th total of 97,255,307 shares. Approximately 10.0% of the shares of the stock are sold short. Based on an average daily volume of 14,837,254 shares, the short-interest ratio is presently 7.2 days.

Several research analysts have issued reports on CTL shares. Zacks Investment Research raised Centurylink from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, October 25th. Cowen reaffirmed a “hold” rating and issued a $21.00 price target on shares of Centurylink in a report on Friday, November 9th. Oppenheimer dropped their price target on Centurylink from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, November 9th. Moffett Nathanson set a $16.00 price target on Centurylink and gave the company a “sell” rating in a report on Monday, November 19th. Finally, ValuEngine cut Centurylink from a “buy” rating to a “hold” rating in a report on Friday, November 23rd. Seven analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.25.

Shares of NYSE:CTL opened at $12.78 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.78 and a current ratio of 0.78. Centurylink has a 12-month low of $12.74 and a 12-month high of $24.20. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 8.69, a PEG ratio of -7.81 and a beta of 0.87.

Centurylink (NYSE:CTL) last announced its earnings results on Wednesday, February 13th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Centurylink had a net margin of 7.81% and a return on equity of 4.45%. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same period in the previous year, the business earned $0.18 EPS. The company’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that Centurylink will post 1.15 earnings per share for the current fiscal year.

In other Centurylink news, major shareholder Holdings (Private) Ltd Temasek sold 16,000,000 shares of the company’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $15.90, for a total value of $254,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott Trezise sold 53,164 shares of the company’s stock in a transaction on 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 approximately $3,546,928.96. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Signet Investment Advisory Group Inc. acquired a new stake in Centurylink during the 4th quarter valued at $34,000. Doyle Wealth Management acquired a new stake in Centurylink during the 4th quarter valued at $35,000. Pearl River Capital LLC acquired a new stake in Centurylink during the 4th quarter valued at $42,000. IMS Capital Management acquired a new stake in Centurylink during the 3rd quarter valued at $68,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Centurylink by 34.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock valued at $53,000 after purchasing an additional 904 shares during the period. 75.53% of the stock is currently owned by institutional investors.

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About Centurylink

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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