Market Update (NYSE:CTL): CenturyLink continues to invest in data center expansion and secure Uptime Institute certifications across global footprint

[PR Newswire] – CenturyLink adds 14MW of new capacity in eight facilities and several Uptime Institute certifications for operational excellence MONROE, La., March 21, 2016 /PRNewswire/ — In recognition of the market’s … Read more on this. CenturyLink, Inc. (CTL) , valued at $17.26B, ended trading at $31.70. Looking at the stock, its one day range is $31.61 to $31.79 and has traded between $21.94 and $37.00 over the past year. CenturyLink (CTL) shares are currently priced at 11.99x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.73x earnings multiple for the same period. And for income investors, the company pays shareholders $2.16 per share annually in dividends, yielding 6.90%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.68 per share, which would be $0.01 better than the year-ago quarter and a $0.07 sequential increase. The full-year EPS estimate is $2.61, which would be a $0.10 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.43 Billion. If reported, that would be a 0.45% decrease over the year-ago quarter. Recently, Jefferies downgraded CTL from Hold to Underperform (Mar 17, 2016). Previously, Deutsche Bank Initiated CTL at to Hold. Investors should keep in mind is that the average price target is $29.64, which is 6.50% below where the stock opened this morning. See more in (NYSE:CTL) Similar Articles: Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Development Center opens in St. Louis Market Update: CenturyLink Inc (NYSE:CTL) – What Does Wall Street Think of CenturyLink? Stock Update: CenturyLink Inc (NYSE:CTL) – CenturyLink announces global premium supplier partnership agreement with SAP for SAP HANA® Enterprise Cloud service