Service Expansion, New Markets, Copious Cash Flow, Buybacks, 5.3% Dividend and Reasonable Valuation Offer Significant Upside
CenturyLink Inc (BYSE: CTL) is a Monroe, Louisiana, based Local Exchange Carrier (LEC) and Internet Service Provider (ISP), and is the third largest integrated telecommunications company in the U.S. after AT&T and Verizon (by lines served). CenturyLink operates four business segments: Consumer, Business, Wholesale and Data Hosting. The company serves over 33,000 business and government clients in North America, Europe and Asia, and offers calling, broadband, hosting, video, wireless, data integration and professional services, and leases office space in its buildings, warehouses and other properties. Most recently, the company entered the cloud infrastructure market and provides cloud-based IT solutions to enterprise clients. The company was founded in 1968 and is a component company of the S&P 500 index of the 500 largest corporations in the U.S.