Market Update (NYSE:CTL): CenturyLink Declares Quarterly Cash Dividend

[PR Newswire] – MONROE, La., Feb. 23, 2016 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) today announced that its Board of Directors voted to declare a regular quarterly cash dividend of $0.54 per share, which will be … Read more on this. CenturyLink, Inc. (CTL) , valued at $16.06B, began trading this morning at $29.70. Shares have traded today between $29.03 and $29.75 per share with its 52-week range being $21.94 to $38.33. CenturyLink (CTL) shares are currently priced at 11.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 23.84x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.16 per share annually in dividends, yielding 7.27%. According to a consensus of 14 analysts, the earnings estimate of $0.68 per share would be $0.01 better than the year-ago quarter and a $0.07 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.60 would be a $0.11 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.43 Billion. If realized, that would be a 0.45% decrease over the year-ago quarter. More 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 is $29.54, which is 0.54% below where the stock opened this morning. See more in (NYSE:CTL) Similar Articles: Market Update: CenturyLink Inc (NYSE:CTL) – What Does Wall Street Think of CenturyLink? Stock Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Declares Quarterly Cash Dividend Market Update (NYSE:CTL): Is AT&T or CenturyLink the Better Dividend Stock for Your Portfolio?