The agreement now includes Phoenix; Omaha, NE; and Colorado Springs, CO, three cities where the company offers its CenturyLink Prism TV service.
CenturyLink also received a boost from Windstream's (WIN) announcement that it would spin off its assets into a publicly traded REIT to gain the benefit of tax savings. The news has led the telecommunications sector higher on Tuesday, as investors speculate peer companies could follow suit.
The stock was up 8.54% to $40.93 at 10:57 a.m. More than 30 million shares had changed hands, compared to the average volume of 4,156,690.
Separately, TheStreet Ratings team rates CENTURYLINK INC as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CENTURYLINK INC (CTL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."