Can Centurylink Inc (NYSE:CTL)’s Tomorrow Be Different? The Stock Had Decline in Shorts

May 24, 2018 - By Adrian Mccoy

CenturyLink, Inc. (NYSE:CTL) Logo

Investors sentiment increased to 1.99 in Q4 2017. Its up 1.04, from 0.95 in 2017Q3. It is positive, as 78 investors sold CenturyLink, Inc. shares while 110 reduced holdings. 118 funds opened positions while 256 raised stakes. 888.76 million shares or 103.84% more from 436.00 million shares in 2017Q3 were reported.
Gradient Investments Ltd Liability Co stated it has 3,111 shares or 0% of all its holdings. Synovus invested 0.03% in CenturyLink, Inc. (NYSE:CTL). Bokf Na owns 81,609 shares. Baldwin Brothers Incorporated Ma accumulated 94 shares. Commerzbank Aktiengesellschaft Fi has invested 0.16% in CenturyLink, Inc. (NYSE:CTL). The Georgia-based Southeast Asset Advisors Inc has invested 3.91% in CenturyLink, Inc. (NYSE:CTL). Royal State Bank Of Canada reported 0.01% in CenturyLink, Inc. (NYSE:CTL). Fukoku Mutual Life Insurance holds 0.01% of its portfolio in CenturyLink, Inc. (NYSE:CTL) for 3,892 shares. Valley National Advisers has invested 0% in CenturyLink, Inc. (NYSE:CTL). Apg Asset Management Nv invested 0.01% in CenturyLink, Inc. (NYSE:CTL). New York-based Act Ii L P has invested 1.35% in CenturyLink, Inc. (NYSE:CTL). Ameriprise Incorporated has 2.63M shares for 0.02% of their portfolio. Atlantic Tru Grp Inc Ltd Llc reported 0% in CenturyLink, Inc. (NYSE:CTL). Moreover, Clark Estates has 3.31% invested in CenturyLink, Inc. (NYSE:CTL) for 1.20M shares. Robeco Institutional Asset Mgmt Bv stated it has 0% in CenturyLink, Inc. (NYSE:CTL).

Since April 3, 2018, it had 3 buys, and 0 selling transactions for $215.87 million activity. 41,000 CenturyLink, Inc. (NYSE:CTL) shares with value of $796,936 were bought by CLONTZ STEVEN T.

The stock of Centurylink Inc (NYSE:CTL) registered a decrease of 1.27% in short interest. CTL’s total short interest was 109.81 million shares in May as published by FINRA. Its down 1.27% from 111.22M shares, reported previously. With 7.62M shares average volume, it will take short sellers 14 days to cover their CTL’s short positions.

The stock decreased 1.45% or $0.28 during the last trading session, reaching $19.01. About 7.81 million shares traded. CenturyLink, Inc. (NYSE:CTL) has declined 28.66% since May 24, 2017 and is downtrending. It has underperformed by 40.21% the S&P500.

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental clients in the United States. The company has market cap of $20.51 billion. It operates through two divisions, Business and Consumer. It has a 8.6 P/E ratio. 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.

CenturyLink, Inc. (NYSE:CTL) Ratings Coverage

Among 8 analysts covering CenturyLink (NYSE:CTL), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. CenturyLink had 9 analyst reports since December 13, 2017 according to SRatingsIntel. Goldman Sachs upgraded CenturyLink, Inc. (NYSE:CTL) on Monday, January 8 to “Neutral” rating. Cowen & Co maintained CenturyLink, Inc. (NYSE:CTL) rating on Thursday, February 15. Cowen & Co has “Hold” rating and $19.0 target. The rating was downgraded by Macquarie Research on Wednesday, May 16 to “Sell”. The stock has “Overweight” rating by Morgan Stanley on Wednesday, December 13. The firm has “Buy” rating given on Wednesday, February 21 by Bank of America. Barclays Capital upgraded the stock to “Equal-Weight” rating in Friday, December 15 report. On Thursday, January 25 the stock rating was upgraded by RBC Capital Markets to “Outperform”. As per Wednesday, May 16, the company rating was maintained by Bank of America.

More recent CenturyLink, Inc. (NYSE:CTL) news were published by: Seekingalpha.com which released: “Pair Trade: Arbitrage Opportunity In CenturyLink’s Debt” on May 10, 2018. Also Seekingalpha.com published the news titled: “CenturyLink: Streamlining A Fat Dividend” on May 16, 2018. Seekingalpha.com‘s news article titled: “CenturyLink -1.2% as Macquarie downgrades to Underperform” with publication date: May 16, 2018 was also an interesting one.

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

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