Big Money Sentiment About Centurylink Inc (NYSE:CTL) Crashed to 0.98

June 27, 2018 - By Glen Chin

CenturyLink, Inc. (NYSE:CTL) Corporate Logo

Positions for Centurylink Inc (NYSE:CTL)

In Q1 2018 Centurylink Inc (NYSE:CTL) big money sentiment decreased to 0.98, according to SEC filings. So its down -1.01, from 2017Q4’s 1.99. 252 institutional investors increased and opened new positions, while 256 sold and decreased stakes in Centurylink Inc so the sentiment is negative. These funds own 821.46 million shares, that’s down from 888.76 million shares in 2017Q4. Funds holding Centurylink Inc in top 10 changed to 22 from 15 for an increase of 7. 63 Investors Sold All; 193 Reduced Holdings; 178 increased holdings while 74 institutional investors bought holdings.

Significant Centurylink Inc Investors

Southeastern Asset Management Inc Tn owns 71.56 million shares in Centurylink Inc as of Q1 2018. Centurylink Inc’s shareholder West Family Investments Inc. owns 2.55 million shares as of Q1 2018. Temasek Holdings (Private) Ltd reported 105.86 million shares. The Missouri-based fund Acr Alpine Capital Research Llc have invested about 5.46% of the institutional investor’s stock portfolio in Centurylink Inc. The Vermont-based fund Rock Point Advisors Llc looks positive on Centurylink Inc, possessing 547,761 shares.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental clients in the United States.The firm is worth $20.37 billion. It operates through two divisions, Business and Consumer.The P/E ratio is 10.69. The firm offers broadband services, which allow clients to connect to the Internet through their existing telephone lines or fiber-optic cables; multi-protocol label switching, a data networking technology to support real-time voice and video; and private line services for the transmission of data between sites.

Ticker’s shares touched $18.885 during the last trading session after 0.72% change.Currently CenturyLink, Inc. is downtrending after 27.08% change in last June 27, 2017. CTL has 1.43M shares volume. The stock underperformed the S&P 500 by 39.65%.

Earnings report for CenturyLink, Inc. (NYSE:CTL) is awaited on August, 1., according to Zacks. Analysts expect change of 50.00 % or $0.23 from previous year’s $0.46 EPS compared to current’s $0.23 EPS. If reported the P/E will be 20.53 with $248.13M profit. Analysts at Wall Street see CenturyLink, Inc.’s -8.00 % negative EPS growth compared to $0.25 EPS for last quarter.

Mackay Shields Lc, New York-based fund reported 163,741 shs. Usca Ria Ltd Llc has invested 0.02% in CenturyLink, Inc. (NYSE:CTL). Next Grp Inc Inc Inc owns 23,572 shs or 0.08% of their US capital. Employees Retirement Sys Of Texas invested 0.01% in CenturyLink, Inc. (NYSE:CTL). California State Teachers Retirement Sys owns 0.06% invested in CenturyLink, Inc. (NYSE:CTL) for 1.74M shs. Atria Invs Lc holds 175,301 shs. Keybank National Association Oh owns 12,949 shs. Da Davidson owns 0.01% invested in CenturyLink, Inc. (NYSE:CTL) for 24,854 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management Corporation owns 0.02% invested in CenturyLink, Inc. (NYSE:CTL) for 137,870 shs. Jpmorgan Chase & has 4.24 million shs for 0.01% of their capital. Jolley Asset Management Limited Liability has 0.26% invested in CenturyLink, Inc. (NYSE:CTL). State Of New Jersey Common Pension Fund D owns 0.01% invested in CenturyLink, Inc. (NYSE:CTL) for 142,860 shs. Rampart Inv Management Ltd Liability Com, Massachusetts-based fund reported 19,830 shs. Moreover, Janney Montgomery Scott Ltd Liability Corp has 0.05% invested in CenturyLink, Inc. (NYSE:CTL). Pension Service invested in 0.09% or 1.08M shs.

CenturyLink, Inc. had 0 insider sales and 3 buys since April 3, 2018. This’s net activity of $215.87 million. CLONTZ STEVEN T bought $796,936 worth of stock.

CenturyLink, Inc. (NYSE:CTL) Ratings Coverage

In total 7 analysts cover CenturyLink (NYSE:CTL). “Buy” rating has 3, “Sell” are 1, while 3 are “Hold”. 43% are bullish. With $27.0 highest and $17 lowest target CenturyLink has $20.13 average target or 6.59% above the current ($18.885) price. 8 are the (NYSE:CTL)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. On Tuesday, June 26 Jefferies upgraded the shares of CTL in report to “Buy” rating. In Monday, January 8 report Goldman Sachs upgraded the stock to “Neutral” rating. On Wednesday, February 21 the firm earned “Buy” rating by Bank of America. On Thursday, January 25 the rating was upgraded by RBC Capital Markets to “Outperform”. On Wednesday, May 16 the stock has “Buy” rating by Bank of America. In Thursday, February 15 report Cowen & Co maintained it with “Hold” rating and $19.0 target. On Wednesday, May 16 Macquarie Research downgraded CenturyLink, Inc. (NYSE:CTL) rating. Macquarie Research has “Sell” rating and $17.5000 target.

For more CenturyLink, Inc. (NYSE:CTL) news released recently go to: Seekingalpha.com, Benzinga.com, Seekingalpha.com, Seekingalpha.com or Fool.com. The titles are as follows: “This Stock Yielding 11.6% May Have Earned A Position In My Dividend Portfolio” released on June 25, 2018, “CenturyLink Is Diversifying Away From Rural Telecom, Jefferies Says In Upgrade” on June 26, 2018, “CenturyLink’s Vyvx supplying feeds for World Cup” with a publish date: June 04, 2018, “For CenturyLink It Feels Like 2013 All Over Again” and the last “Better Buy: CenturyLink Inc. vs. Frontier Communications” with publication date: June 18, 2018.

CenturyLink, Inc. (NYSE:CTL) Institutional Investors Chart

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