A Director at CenturyLink (NYSE: CTL) is Buying Shares

By Carrie Williams

Today, a Director at CenturyLink (NYSE: CTL), William Arthur Owens, bought shares of CTL for $999.4K.

Following this transaction William Arthur Owens’ holding in the company was increased by 81.56% to a total of $993.8K. In addition to William Arthur Owens, 4 other CTL executives reported Buy trades in the last month.

The company has a one year high of $33.45 and a one year low of $21.94. CTL’s market cap is $13.21B and the company has a P/E ratio of 14.29. Currently, CenturyLink has an average volume of 10.43M.

14 different firms, including BMO Capital and Merrill Lynch, currently also have a Buy rating on the stock. Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $26.00, reflecting a -6.6% downside.

In the last 30 days, insiders have sold $159.1K worth of CTL shares and purchased $1.19M worth of CTL shares. The insider sentiment on CenturyLink has been neutral according to 57 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

CenturyLink, Inc. is an integrated communications company engaged primarily in providing an array of communications services to residential, business, governmental and wholesale customers. Its communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching, data integration, managed hosting, colocation, Ethernet, network access, public access, wireless, video services and other ancillary services. It also offers advanced entertainment services under the CenturyLink Prism TV and DIRECTV brands. The company operates through two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. Its strategic products and services offered to these customers include its private line, broadband, Ethernet, MPLS, Voice over Internet Protocol, network management services, colocation, managed hosting and cloud hosting services and legacy services offered to these customers primarily include switched access, long-distance, and local services, including the sale of unbundled network elements, which allow its wholesale customers to use its network or a combination of its network and their own networks to provide voice and data services to their customers. The Consumer segment consists generally of providing strategic and legacy products and services to residential customers. Its strategic products and services offered to these customers include broadband, wireless and video services, including Prism TV services and legacy services offered to these customers include local and long-distance services. CenturyLink was founded in 1930 and is headquartered in Monroe, LA.