Stock Update: CenturyLink Inc (NYSE:CTL) – CenturyLink’s business fiber service up to 1 Gbps now available in Grand Junction

[PR Newswire] – GRAND JUNCTION, Colo., June 28, 2016 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) today announced the availability of up to 1 gigabit per second (Gbps) fiber-based broadband speeds at select business … Read more on this. CenturyLink, Inc. (CTL) , with a current market cap of $15.15B, started the session at $27.15. Shares have traded today between $27.09 and $27.76 per share with a one year range of $21.94 to $32.94. CTL shares are currently priced at 10.40x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.24x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.16 per share annually in dividends, yielding 7.73%. 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 based on a consensus revenue forecast of the current quarter of $4.39 Billion. If realized, that would be a 0.68% decrease over the year-ago quarter. More recently, Evercore ISI Initiated CTL at Hold (Jun 22, 2016). Previously, Wells Fargo downgraded CTL from Outperform to Market Perform. Given all the information above, we should disclose to readers that the average price target is $29.60, which is 9.02% above than it opened this morning. See more in (NYSE:CTL) Similar Articles: Stock Update: CenturyLink Inc (NYSE:CTL) – [$$] CenturyLink’s 7.8% Dividend Yield Looks Safe Market Update (NYSE:CTL): CenturyLink launches Houston metro fiber network for business customers Stock Update: CenturyLink Inc (NYSE:CTL) – CenturyLink announces global premium supplier partnership agreement with SAP for SAP HANA® Enterprise Cloud service
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