QS Investors LLC Has $1.51 Million Position in CenturyLink, Inc. (CTL)

QS Investors LLC trimmed its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 40.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,034 shares of the technology company’s stock after selling 43,314 shares during the quarter. QS Investors LLC’s holdings in CenturyLink were worth $1,505,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CTL. Vanguard Group Inc. raised its stake in shares of CenturyLink by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after purchasing an additional 10,583,246 shares during the period. Standard Life Investments LTD bought a new stake in shares of CenturyLink during the 2nd quarter valued at $112,613,000. Fiduciary Management Inc. WI bought a new stake in shares of CenturyLink during the 2nd quarter valued at $86,411,000. Pioneer Investment Management Inc. raised its stake in shares of CenturyLink by 1,012.9% during the 2nd quarter. Pioneer Investment Management Inc. now owns 3,516,501 shares of the technology company’s stock valued at $83,974,000 after purchasing an additional 3,200,538 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of CenturyLink by 593.8% during the 2nd quarter. Voya Investment Management LLC now owns 3,545,827 shares of the technology company’s stock valued at $84,674,000 after purchasing an additional 3,034,743 shares during the period. Institutional investors own 83.04% of the company’s stock.

A number of research firms recently issued reports on CTL. UBS AG set a $29.00 price objective on CenturyLink and gave the company a “buy” rating in a research note on Thursday, June 22nd. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price objective on shares of CenturyLink in a research note on Monday, September 18th. Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Morgan Stanley decreased their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. CenturyLink currently has a consensus rating of “Hold” and a consensus price target of $25.55.

CenturyLink, Inc. (NYSE CTL) opened at 20.10 on Tuesday. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 29.13 and a beta of 0.89. CenturyLink, Inc. has a 12 month low of $18.17 and a 12 month high of $33.45. The stock’s 50 day moving average price is $19.41 and its 200 day moving average price is $22.95.

CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. CenturyLink’s revenue was down 7.0% on a year-over-year basis. Equities research analysts anticipate that CenturyLink, Inc. will post $1.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 10.75%. CenturyLink’s dividend payout ratio (DPR) is 313.04%.

ILLEGAL ACTIVITY WARNING: “QS Investors LLC Has $1.51 Million Position in CenturyLink, Inc. (CTL)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/qs-investors-llc-has-1-51-million-position-in-centurylink-inc-ctl.html.

CenturyLink Profile

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Several other large investors also recently added to or reduced their stakes in CTL. Vanguard Group Inc. raised its stake in shares of CenturyLink by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock valued at $1,369,547,000 after purchasing an additional 10,583,246 shares during the period. Standard Life Investments LTD bought a new stake in shares of CenturyLink during the 2nd quarter valued at $112,613,000. Fiduciary Management Inc. WI bought a new stake in shares of CenturyLink during the 2nd quarter valued at $86,411,000. Pioneer Investment Management Inc. raised its stake in shares of CenturyLink by 1,012.9% during the 2nd quarter. Pioneer Investment Management Inc. now owns 3,516,501 shares of the technology company’s stock valued at $83,974,000 after purchasing an additional 3,200,538 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of CenturyLink by 593.8% during the 2nd quarter. Voya Investment Management LLC now owns 3,545,827 shares of the technology company’s stock valued at $84,674,000 after purchasing an additional 3,034,743 shares during the period. Institutional investors own 83.04% of the company’s stock.

A number of research firms recently issued reports on CTL. UBS AG set a $29.00 price objective on CenturyLink and gave the company a “buy” rating in a research note on Thursday, June 22nd. ValuEngine upgraded CenturyLink from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $25.00 price objective on shares of CenturyLink in a research note on Monday, September 18th. Zacks Investment Research lowered CenturyLink from a “hold” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Morgan Stanley decreased their target price on CenturyLink from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 23rd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. CenturyLink currently has a consensus rating of “Hold” and a consensus price target of $25.55.

CenturyLink, Inc. (NYSE CTL) opened at 20.10 on Tuesday. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 29.13 and a beta of 0.89. CenturyLink, Inc. has a 12 month low of $18.17 and a 12 month high of $33.45. The stock’s 50 day moving average price is $19.41 and its 200 day moving average price is $22.95.

CenturyLink (NYSE:CTL) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. CenturyLink’s revenue was down 7.0% on a year-over-year basis. Equities research analysts anticipate that CenturyLink, Inc. will post $1.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 annualized dividend and a dividend yield of 10.75%. CenturyLink’s dividend payout ratio (DPR) is 313.04%.

ILLEGAL ACTIVITY WARNING: “QS Investors LLC Has $1.51 Million Position in CenturyLink, Inc. (CTL)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/10/qs-investors-llc-has-1-51-million-position-in-centurylink-inc-ctl.html.

CenturyLink Profile

CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.

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Institutional Ownership by Quarter for CenturyLink (NYSE:CTL)

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