Tower Research Capital LLC TRC Cuts Stake in Centurylink Inc (NYSE:CTL)

Tower Research Capital LLC TRC decreased its holdings in Centurylink Inc (NYSE:CTL) by 64.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,287 shares of the technology company’s stock after selling 62,914 shares during the period. Tower Research Capital LLC TRC’s holdings in Centurylink were worth $441,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cornerstone Advisors Inc. boosted its stake in shares of Centurylink by 68.7% in the 3rd quarter. Cornerstone Advisors Inc. now owns 2,058 shares of the technology company’s stock valued at $26,000 after purchasing an additional 838 shares in the last quarter. Coastal Investment Advisors Inc. boosted its position in Centurylink by 563.7% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,197 shares of the technology company’s stock valued at $25,000 after buying an additional 1,866 shares during the period. Farmers & Merchants Investments Inc. boosted its position in Centurylink by 54.9% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock valued at $35,000 after buying an additional 1,000 shares during the period. AGF Investments LLC purchased a new stake in Centurylink during the 2nd quarter valued at $38,000. Finally, Venturi Wealth Management LLC purchased a new stake in Centurylink during the 3rd quarter valued at $45,000. 73.77% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on CTL shares. TheStreet raised shares of Centurylink from a “d+” rating to a “c” rating in a research report on Thursday, November 7th. ValuEngine upgraded shares of Centurylink from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Centurylink in a report on Friday, September 13th. Guggenheim lowered shares of Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price objective for the company. in a report on Wednesday, November 6th. Finally, Wells Fargo & Co upped their price objective on shares of Centurylink from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Centurylink currently has an average rating of “Hold” and a consensus price target of $13.16.

Shares of Centurylink stock opened at $14.97 on Monday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50-day moving average of $12.78 and a 200 day moving average of $11.74. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.52 and a beta of 0.86. Centurylink Inc has a 1 year low of $9.64 and a 1 year high of $19.53.

Centurylink (NYSE:CTL) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $5.53 billion. Centurylink had a negative net margin of 34.96% and a positive return on equity of 9.56%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. On average, equities analysts anticipate that Centurylink Inc will post 1.32 EPS for the current year.

Centurylink Company Profile

CenturyLink, Inc provides various communications services to residential, business, wholesale, and governmental customers in the United States and internationally. The company operates in two segments, Business and Consumer. It offers VPN data network services; Ethernet services; Internet protocol (IP) services; facilities-based Prism TV service, as well as satellite digital television services; CDN services; and Vyvx broadcast services.

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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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