Company Update (NYSE:CTL): More than 300 projects in 33 states awarded $1.3 million in technology grants from the CenturyLink Clarke M. Williams Foundation

[PR Newswire] – MONROE, La., May 16, 2016 /PRNewswire/ — CenturyLink, Inc. (CTL) recently announced the recipients of the CenturyLink Clarke M. Williams Foundation’s Teachers and Technology grant program. The program, now in its ninth year, recognizes innovative teachers through grants to fund up to $5,000 each to schools in CenturyLink’s local service areas across the country. “The projects submitted this year varied greatly from utilizing Chromebooks and iPads in tailored lessons to help develop reading, math and problem-solving skills to equipment requested for specific needs such as children with autism and English as a second language,” said CenturyLink’s Manager of Community Relations Kristy LaCroix. Read more on this. CenturyLink, Inc. (CTL) , valued at $15.22B, started the session at $27.89. Looking at the equity, the company’s one day range is $27.78 to $28.18 with the price of the stock fluctuating between $21.94 to $34.72 over the last 52 weeks. CTL shares are currently priced at 10.81x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.19x earnings multiple for the same period. The company pays shareholders $2.16 per share annually in dividends, yielding 7.75%. According to a consensus of 15 analysts, the earnings estimate of $0.59 per share would be $0.04 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.58 which would be a $0.13 setback than last year’s full-year earnings. 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. In terms of ratings, Wells Fargo downgraded CTL from Outperform to Market Perform (May 3, 2016). Previously, Jefferies downgraded CTL from Hold to Underperform. The average price target for CTL shares by the analysts covering it is $29.93, which is 7.31% above where the stock opened. See more in (NYSE:CTL) Similar Articles: Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink joins G2G Marketplace, a technology procurement center for U.S. state and local government agencies Company Update (NYSE:CTL): Verizon, CenturyLink awarded $150M for network services in Virginia Company Update: CenturyLink Inc (NYSE:CTL) – CenturyLink Development Center opens in St. Louis