Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink joins G2G Marketplace, a technology procurement center for U.S. state and local government agencies

[PR Newswire] – Public sector agencies nationwide can now purchase CenturyLink’s colocation, cloud and security solutions with pre-negotiated contracts at www.g2gmarket.com MONROE, La., May 10, 2016 /PRNewswire/ — … Read more on this. CenturyLink, Inc. (CTL) , with a current value of $15.70B, opened at $28.56. Looking at today’s trading action, the company’s one day range from $28.30 to $28.77 with its 52-week range being $21.94 to $35.13. CTL shares are currently priced at 11.02x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.71x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.16 per share annually in dividends, yielding 7.57%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.60 per share, which would be $0.05 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.59 would be a $0.12 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.39 Billion. If reported, that would be a 0.68% decrease over the year-ago quarter. In terms of ratings, Wells Fargo downgraded CTL from Outperform to Market Perform (May 3, 2016). Previously, Jefferies downgraded CTL from Hold to Underperform. When considering if perhaps the stock is under or overvalued, the average price target is $29.93, which is 4.80% above where the stock opened this morning. See more in (NYSE:CTL) Similar Articles: Market Update (NYSE:CTL): CenturyLink continues to invest in data center expansion and secure Uptime Institute certifications across global footprint Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Development Center opens in St. Louis Company Update (NYSE:CTL): CenturyLink launches government cloud product