Company Update (NYSE:CTL): CenturyLink Ex-Director Says He Pushed for Changes to Board

[at Bloomberg] – The CenturyLink Inc. director who resigned after fellow board members said he was “creating an environment that was unproductive” had been pushing for changes to the board to help the telecommunications … Read more on this. CenturyLink, Inc. (CTL) , valued at $13.49B, began trading this morning at $23.83. During the trading session, CTL traded between $23.82 to $24.73 with its 52-week range being $21.94 to $40.59. CenturyLink (CTL) shares are currently priced at 9.30x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 21.33x earnings multiple for the same period. 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. In looking at the bigger picture, the full-year EPS estimate of $2.56 would be a $0.05 worse when compared to the previous 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. In terms of ratings, RBC Capital Mkts Initiated CTL at Sector Perform (Sep 22, 2015). Previously, Barclays Initiated CTL at to Underweight. Given all the information above, we should disclose to readers that the average price target is $29.38, which is 23.29% above than it opened this morning. See more in (NYSE:CTL) Similar Articles: Market Update: CenturyLink Inc (NYSE:CTL) – CenturyLink announces changes to board of directors Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink’s Revenue on Par with Analysts’ Expectations in 3Q15 Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink (CTL) Stock Price Target Cut at Jefferies