Company Update (NYSE:CTL): CenturyLink appoints two top executives

[PR Newswire] – MONROE, La., Feb. 10, 2016 /PRNewswire/ — CenturyLink, Inc. (CTL) today announces that Dean Douglas will join the company as president of sales and marketing and will report to Glen F. Post, III, chief executive officer and president. In addition, Bill Hurley has been named chief marketing officer, reporting to Douglas. In his new role, Douglas will be responsible for revenue generation for CenturyLink, driving long-term growth for the company in the business and consumer marketplaces. Read more on this. CenturyLink, Inc. (CTL) , valued at $13.50B, began trading this morning at $25.06. During today’s session, CTL traded between $24.50 to $25.58 and has traded between $21.94 and $40.59 over the past year. CenturyLink (CTL) shares are currently priced at 10.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 22.33x earnings multiple for the same period. And for dividend hunters, 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. Investors should also note that the full-year EPS estimate of $2.56 is a $0.05 setback 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. In terms of ratings, 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 is $29.38, which is 17.24% above where the stock opened this morning. 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’s Revenue on Par with Analysts’ Expectations in 3Q15
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