Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Declares Quarterly Cash Dividend

[PR Newswire] – MONROE, La., May 18, 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 $14.68B, began trading this morning at $27.49. Today, shares have traded between $26.75 and $27.61 per share with the price of the stock fluctuating between $21.94 to $34.56 over the last 52 weeks. CenturyLink (CTL) shares are currently priced at 10.64x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.19x earnings multiple for the same period. The company pays shareholders $2.16 per share annually in dividends, yielding 7.75%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.59 per share, which would be $0.04 better than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.58, which would be a $0.13 worse when compared to the last 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. More recently, Wells Fargo downgraded CTL from Outperform to Market Perform (May 3, 2016). Previously, Jefferies downgraded CTL from Hold to Underperform. The average price target for CTL shares by the analysts covering it is $29.93, which is 8.88% above where the stock opened. See more in (NYSE:CTL) Similar Articles: Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Development Center opens in St. Louis Company Update (NYSE:CTL): CenturyLink Stock to Trade Ex-Dividend (CTL) Market Update (NYSE:CTL): CenturyLink Declares Quarterly Cash Dividend