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Centurylink Inc : DEADLINE MONDAY: Khang & Khang LLP Announces Securities Class Action Lawsuit against CenturyLink, Inc. and Encourages Investors with Losses Exceeding $100,000 to Contact the Firm

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08/19/2017 | 05:07am CEST

IRVINE, CA / ACCESSWIRE / August 18, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against CenturyLink, Inc. ("CenturyLink" or the "Company") (NYSE: CTL). Investors, who purchased or otherwise acquired CenturyLink shares from February 27, 2014 through June 15, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm by August 21, 2017, the lead plaintiff motion deadline.

If you purchased CenturyLink shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.

According to the lawsuit, during the Class Period, CenturyLink made false and/or misleading statements, and/or failed to disclose: that the Company's policies allowed its employees to add services or lines to accounts without customer permission, which resulted in millions of dollars in unauthorized charges; that revenues were the product of illicit conduct and unsustainable; that the above-mentioned conduct would likely subject CenturyLink to heightened regulatory scrutiny; and that, as a result of the above, the Company's public statements were materially false and misleading at all relevant times. On June 16, 2017, Bloomberg reported on a lawsuit filed by a former CenturyLink employee who alleges that she was fired for blowing the whistle on the high-pressure sales culture that caused customers to pay millions of dollars for accounts they did not request, to the CEO, Mr. Glen Post. When this news reached the public, CenturyLink's stock price fell materially, which caused investors harm according to the Complaint.

If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in certain jurisdictions.


Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474

SOURCE: Khang & Khang LLP

© Accesswire 2017
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Financials ($)
Sales 2017 16 424 M
EBIT 2017 2 212 M
Net income 2017 438 M
Debt 2017 21 954 M
Yield 2017 11,2%
P/E ratio 2017 24,14
P/E ratio 2018 20,90
EV / Sales 2017 1,98x
EV / Sales 2018 1,87x
Capitalization 10 531 M
Duration : Period :
Centurylink Inc Technical Analysis Chart | CTL | US1567001060 | 4-Traders
Technical analysis trends CENTURYLINK INC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Average target price 26,1 $
Spread / Average Target 36%
EPS Revisions
Glen F. Post President, Chief Executive Officer & Director
Harvey P. Perry Chairman
R. Stewart Ewing Chief Financial Officer & Executive Vice President
Aamir Hussain Chief Technology & Information Officer
Virginia Boulet Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CENTURYLINK INC-19.43%10 531
TELEFONICA4.05%54 369