Commerzbank Aktiengesellschaft FI Buys 171941 Shares of Centurylink Inc (CTL)

Commerzbank Aktiengesellschaft FI lifted its stake in Centurylink Inc (NYSE:CTL) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,128,258 shares of the technology company’s stock after acquiring an additional 171,941 shares during the period. Commerzbank Aktiengesellschaft FI owned 0.10% of Centurylink worth $17,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moody National Bank Trust Division raised its position in shares of Centurylink by 3.5% in the 4th quarter. Moody National Bank Trust Division now owns 23,572 shares of the technology company’s stock worth $357,000 after acquiring an additional 797 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Centurylink by 34.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,513 shares of the technology company’s stock worth $53,000 after acquiring an additional 904 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Centurylink by 8.3% in the 4th quarter. Kovack Advisors Inc. now owns 12,049 shares of the technology company’s stock worth $183,000 after acquiring an additional 927 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Centurylink by 6.3% in the 3rd quarter. Federated Investors Inc. PA now owns 17,630 shares of the technology company’s stock worth $374,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its position in shares of Centurylink by 5.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 22,714 shares of the technology company’s stock worth $344,000 after acquiring an additional 1,262 shares in the last quarter. 75.53% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CTL opened at $14.55 on Wednesday. Centurylink Inc has a 1 year low of $13.88 and a 1 year high of $24.20. The stock has a market cap of $15.25 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of -7.81 and a beta of 0.87. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.57.

Several research analysts recently issued reports on the company. ValuEngine lowered Centurylink from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Citigroup lowered Centurylink from a “neutral” rating to a “sell” rating and set a $14.48 target price on the stock. in a research report on Tuesday, February 5th. Guggenheim lowered Centurylink from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research report on Thursday, January 24th. Zacks Investment Research lowered Centurylink from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, TheStreet lowered Centurylink from a “b-” rating to a “c+” rating in a research report on Friday, January 4th. Seven investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.12.

In other Centurylink news, EVP Scott Trezise sold 53,164 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $18.88, for a total transaction of $1,003,736.32. Following the sale, the executive vice president now owns 187,867 shares in the company, valued at approximately $3,546,928.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings (Private) Ltd Temasek sold 16,000,000 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $15.90, for a total value of $254,400,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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Centurylink Company Profile

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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Institutional Ownership by Quarter for Centurylink (NYSE:CTL)

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