investing

The Best Stock in Louisiana: CenturyLink

We analyzed publicly traded companies based in the Bayou State to identify the best stock in Louisiana to buy now.

We scoured the nation to identify the best stock in every state. CenturyLink (symbol CTL) is the publicly traded company we picked in Louisiana. The company headquarters is located in Monroe.

A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.

CenturyLink by the Numbers

  • Headquarters: Monroe
  • Share price: $24.35
  • Market value: $13.4 billion
  • Price-earnings ratio: 11

(Prices and data are as of June 22, 2017)

The third-largest telephone company in the U.S., CenturyLink provides broadband, voice and wireless services to residential and business customers.

The company’s stock plummeted last October when it announced plans to acquire telecom rival Level 3 Communications, likely over investor concerns that CenturyLink was overpaying, says Value Line analyst Daniel Henigson. That the company reported a 4% year-over-year revenue decline in the first quarter didn’t improve investor sentiment, and long-term concerns remain about wireless providers depleting CenturyLink’s highly profitable landline business.

Though cautious about the revenue declines, CFRA analyst Angelo Zino says the company’s sales are growing in more-profitable areas, such as high-bandwidth broadband, and the Level 3 acquisition should increase CenturyLink’s geographic reach (the new company will serve some 350 metropolitan areas in more than 60 countries). He adds that the company has plenty of cash to support its mouth-watering dividend—the stock yields 8.9% annually. He rates the stock a “buy,” with a 12-month price target of $28.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
7 Best Commodity Stocks to Play the Coming Boom
commodities

7 Best Commodity Stocks to Play the Coming Boom

These seven commodity stocks are poised to take advantage of a unique confluence of events. Just mind the volatility.
September 8, 2021
Stock Market Holidays in 2021
Markets

Stock Market Holidays in 2021

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2021.
September 2, 2021

Recommended

These 2 Emotional Biases Could Kill Your Retirement
Investor Psychology

These 2 Emotional Biases Could Kill Your Retirement

Are your emotions sabotaging your retirement plans? Some basic knowledge and careful introspection can go a long way toward avoiding major pitfalls.
September 20, 2021
Investment Strategies for the 4 Stages of the Economic Cycle
Markets

Investment Strategies for the 4 Stages of the Economic Cycle

The U.S. economy is cyclical in nature, surging ahead and pulling back in waves over time. Investors’ portfolios need to change with the rise and the …
September 19, 2021
Kiplinger's Weekly Earnings Calendar
stocks

Kiplinger's Weekly Earnings Calendar

Check out our earnings calendar for the upcoming week, as well as our previews of the more noteworthy reports.
September 17, 2021
Hot Upcoming IPOs to Watch For in the Rest of 2021
Kiplinger's Investing Outlook

Hot Upcoming IPOs to Watch For in the Rest of 2021

The most exciting initial public offerings (IPOs) expected during the remainder of 2021 range from an Amazon-backed EV play to a food delivery app to …
September 16, 2021