Market Update (NYSE:CTL): CenturyLink launches Houston metro fiber network for business customers

[PR Newswire] – MONROE, La., Feb. 8, 2016 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) today announced that it now offers fiber connectivity at symmetrical upload and download speeds of up to 1 gigabit per second (Gbps) … Read more on this. CenturyLink, Inc. (CTL) , currently valued at $13.99B, began trading this morning at $26.28. Today’s price range has been between $25.37 and $26.50 per share and has traded between $21.94 and $40.59 over the past 12 months. CTL shares are currently priced at 10.39x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.50x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.16 per share annually in dividends, yielding 8.12%. 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 $0.00 sequential decrease. The full-year EPS estimate is $2.56, which would be a $0.05 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.42 Billion. If realized, 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. The average price target for CTL shares by the analysts covering it is $29.38, which is 11.80% above where the stock opened. See more in (NYSE:CTL) Similar Articles: Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink wins DISA network fair opportunity awards Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Schedules Fourth Quarter 2015 Earnings Conference Call Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink launches Prism® TV in Seattle