Company Update (NYSE:CTL): CenturyLink Schedules Second Quarter 2016 Earnings Conference Call

[PR Newswire] – MONROE, La., June 22, 2016 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) plans to release its second quarter 2016 earnings results after the market closes on Wednesday, August 3, 2016, and host a related … Read more on this. CenturyLink, Inc. (CTL) , valued at $15.25B, began trading this morning at $27.99. A quick look at the market, the company’s stock traded between $27.90 and $28.28 with a trailing 52-week range being $21.94 to $32.94. CTL shares are currently priced at 10.88x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.24x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.16 per share annually in dividends, yielding 7.87%. According to a consensus of 16 analysts, the earnings estimate of $0.59 per share 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 setback 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. Recently, Evercore ISI Initiated CTL at Hold (Jun 22, 2016). Previously, Wells Fargo downgraded CTL from Outperform to Market Perform. When considering if the stock is under or overvalued, the average price target is $29.60, which is 5.75% above where the stock 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? Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Schedules First Quarter 2016 Earnings Conference Call Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Schedules Fourth Quarter 2015 Earnings Conference Call