Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Schedules First Quarter 2016 Earnings Conference Call

[PR Newswire] – MONROE, La., March 23, 2016 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) plans to release its first quarter 2016 earnings results after the market closes on Wednesday, May 4, 2016, and host a related … Read more on this. CenturyLink, Inc. (CTL) , with a current value of $16.87B, opened this morning at $31.58. A quick look at the market, the company’s stock traded between $30.89 and $31.62 and has traded between $21.94 and $37.00 over the past year. CTL shares are currently priced at 12.15x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.89x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.16 per share annually in dividends, yielding 6.81%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.68 per share, which 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 $2.61 would be a $0.10 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. In terms of ratings, Jefferies downgraded CTL from Hold to Underperform (Mar 17, 2016). Previously, Deutsche Bank Initiated CTL at to Hold. The average price target for CTL shares by the analysts covering it is $29.64, which is 6.14% below where the stock opened. See more in (NYSE:CTL) Similar Articles: Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Development Center opens in St. Louis Stock Update (NASDAQ:QCOM): Qualcomm Schedules First Quarter Fiscal 2016 Earnings Release and Conference Call Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Schedules Fourth Quarter 2015 Earnings Conference Call