Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink’s Value Proposition in the US Wireline Telecom Space

[Market Realist] – As of May 6, 2016, CenturyLink had a current year EV-to-EBITDA multiple of 5.3x. The ratios for Windstream and Frontier were 7.7x and 5.8x. Read more on this. CenturyLink, Inc. (CTL) , with a current market cap of $14.82B, began trading this morning at $27.16. Today, shares have traded between $26.96 and $27.25 per share and has traded between $21.94 and $34.07 over the past 12 months. CTL shares are currently priced at 10.49x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.72x earnings multiple for the same period. The company pays shareholders $2.16 per share in dividend income per year, for a current yield of 7.98%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.59 per share, which would be $0.04 better than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.58 would be a $0.13 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. Recently, Wells Fargo downgraded CTL from Outperform to Market Perform (May 3, 2016). Previously, Jefferies downgraded CTL from Hold to Underperform. Given all the information above, we should disclose to readers that the average price target is $29.93, which is 10.20% above than it opened this morning. See more in (NYSE:CTL) Similar Articles: Market Update: CenturyLink Inc (NYSE:CTL) – Will CenturyLink’s Earnings Beat Expectations Again in 1Q16? Market Update: CenturyLink Inc (NYSE:CTL) – What Does Wall Street Think of CenturyLink? Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink wins DISA network fair opportunity awards