Corvex Management CEO Keith Meister recommended buying shares of integrated telecom company CenturyLink (CTL) - Get Report at the Sohn Coference in New York Monday, sending CenturyLink shares up 3.56% to $24.43 in early afternoon trading. 

"Centurylink is acquiring Level 3 and the acquisition is truly transformative," Meister, the former CEO of Icahn Enterprises(IEP) - Get Report  , said.

CenturyLink shares fell last week after the company reported first quarter earnings and revenue results that missed Wall Street expectations. 

For the current quarter, the company expects to earn between 46 cents and 52 cents per share. 

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