Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink announces changes to board of directors

[PR Newswire] – MONROE, La., Jan. 25, 2016 /PRNewswire/ — CenturyLink, Inc. (CTL) today announced it has appointed Martha Bejar, age 53, to its board of directors, effective January 19, 2016. Bejar has most recently served as chief executive officer and director of Flow Mobile, Inc., a communications company offering broadband wireless access services, from January, 2012, until December, 2015. Prior to joining Flow Mobile, she was chairperson and CEO of Wipro Infocrossing (a Wipro Company) from 2011 to 2012, responsible for the strategic and operational management of the Infrastructure Technology Outsourcing business at Infocrossing. Read more on this. CenturyLink, Inc. (CTL) , with a current market cap of $13.04B, began trading this morning at $23.67. Today’s price range has been between $23.49 and $24.17 per share with a trailing 52-week range being $21.94 to $40.59. Priced at 9.30x this year’s forecasted earnings, CTL shares are relatively inexpensive compared to the industry ’s 22.54x 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 9.08%. In a review of the consensus earnings estimate this quarter, 14 sell-side analysts are looking at $0.65 per share, which would be $0.05 better than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.56, which would be a $0.05 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.42 Billion. If reported, that would be a 0.45% decrease over the year-ago quarter. Recently, RBC Capital Mkts Initiated CTL at Sector Perform (Sep 22, 2015). Previously, Barclays Initiated CTL at to Underweight. The average price target for CTL shares by the analysts covering the stock is $29.38, which is 24.12% above where the stock opened this morning. See more in (NYSE:CTL) Similar Articles: Stock Update: CenturyLink Inc (NYSE:CTL) – CenturyLink announces global premium supplier partnership agreement with SAP for SAP HANA® Enterprise Cloud service Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Schedules Fourth Quarter 2015 Earnings Conference Call Market Update: CenturyLink Inc (NYSE:CTL) – Iowa Communications Network announces CenturyLink as its unified communications-as-a-service provider for government voice services