Stock Update (NYSE:CTL): CenturyLink expands Prism® TV into St. Paul and 19 nearby cities

[PR Newswire] – MINNEAPOLIS, Feb. 1, 2016 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) today announced that it is offering a new TV service in select portions of St. Paul and surrounding cities that will provide residential … Read more on this. CenturyLink, Inc. (CTL) , valued at $14.07B, started trading this morning at $25.20. Today’s price range has been between $25.01 and $25.65 per share with its 52-week range being $21.94 to $40.59. CenturyLink (CTL) shares are currently priced at 9.70x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 21.62x earnings multiple for the same period. And for income investors, the company pays shareholders $2.16 per share annually in dividends, yielding 8.50%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.65 per share, which would be $0.05 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $2.56 is a $0.05 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.42 Billion. If reported, that would be a 0.45% decrease over the year-ago quarter. Recently, RBC Capital Mkts Initiated CTL at Sector Perform (Sep 22, 2015). Previously, Barclays Initiated CTL at to Underweight. When considering if perhaps the stock is under or overvalued, the average price target is $29.38, which is 16.59% above where the stock opened this morning. See more in (NYSE:CTL) Similar Articles: Stock Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Declares Quarterly Cash Dividend Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink launches Prism® TV in Seattle Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink (CTL) Stock Price Target Cut at Jefferies