Centurylink Inc (NYSE:CTL) Short Interest Up 11.0% in November

Centurylink Inc (NYSE:CTL) was the recipient of a large increase in short interest in November. As of November 29th, there was short interest totalling 107,630,000 shares, an increase of 11.0% from the November 14th total of 96,940,000 shares. Based on an average daily trading volume, of 12,320,000 shares, the short-interest ratio is currently 8.7 days. Approximately 10.0% of the shares of the company are sold short.

In other news, Director Laurie Siegel sold 3,072 shares of Centurylink stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $14.00, for a total transaction of $43,008.00. Following the transaction, the director now directly owns 59,358 shares of the company’s stock, valued at approximately $831,012. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Advisors Inc. raised its holdings in shares of Centurylink by 68.7% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,058 shares of the technology company’s stock worth $26,000 after acquiring an additional 838 shares in the last quarter. Coastal Investment Advisors Inc. raised its holdings in shares of Centurylink by 563.7% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,197 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,866 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Centurylink by 54.9% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 2,823 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. AGF Investments LLC purchased a new stake in shares of Centurylink during the 2nd quarter worth approximately $38,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Centurylink during the 3rd quarter worth approximately $45,000. 74.83% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on CTL shares. Guggenheim cut Centurylink from a “neutral” rating to a “sell” rating and set a $10.00 price target on the stock. in a report on Wednesday, November 6th. Evercore ISI started coverage on Centurylink in a report on Wednesday. They issued an “underperform” rating and a $14.00 price target on the stock. TheStreet raised Centurylink from a “d+” rating to a “c” rating in a report on Thursday, November 7th. ValuEngine raised Centurylink from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Centurylink in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.15.

Shares of CTL traded down $0.14 during mid-day trading on Friday, hitting $13.60. 13,344,659 shares of the stock were exchanged, compared to its average volume of 9,417,816. The company has a market cap of $14.98 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91. Centurylink has a 52-week low of $9.64 and a 52-week high of $17.20. The firm has a 50-day moving average of $14.15 and a two-hundred day moving average of $12.24. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.70 and a current ratio of 0.70.

Centurylink (NYSE:CTL) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.53 billion. Centurylink had a positive return on equity of 9.56% and a negative net margin of 34.96%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. On average, sell-side analysts predict that Centurylink will post 1.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 7.35%. Centurylink’s dividend payout ratio (DPR) is 84.03%.

About Centurylink

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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Receive News & Ratings for Centurylink Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centurylink and related companies with MarketBeat.com's FREE daily email newsletter.